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Onex Partners to Acquire Integrated Specialty Coverages from KKR

1. KKR and Onex are acquiring Integrated Specialty Coverages, enhancing their insurance portfolio.

M&A
+0.14%Current Return
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-0.11%S&P 500
$149.13109/18 02:37 PM EDTEvent Start
$149.3409/19 03:26 AM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition strengthens KKR's position in the insurance sector, similar to past successful buyouts boosting stock value.

How important is it?

The acquisition aligns with KKR's strategy to expand in lucrative sectors, influencing investor confidence.

Why Long Term?

Investments in tech-enabled insurance solutions can improve KKR's sustained revenue over time.

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ONEXAXSBRK.B
NEW YORK & CARLSBAD, Calif.--(BUSINESS WIRE)--Leading global investment firms KKR and Onex today announced that Onex Partners will acquire Integrated Specialty Coverages ("ISC" or “the Company”), a tech-enabled insurance platform dedicated to designing, underwriting, and distributing insurance solutions. All ISC employees will receive substantial cash payouts on their ownership stakes in the Company. "It's been an extraordinary journey partnering with ISC's employees and leadership team, includ.

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