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Aon Launches M&A Service For Middle East
Dubai
NYSE: AOC

DUBAI, 26 June 2008 Aon Risk Services, the leading global risk and insurance firm, announces the opening of a new Mergers and Acquisitions (M&A) service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in the Middle East and North Africa (MENA) region.

The launch of the new service follows last week's announcement that Aon has opened a new regional headquarters in the Dubai International Financial Centre (DIFC).

Given the increasing appetite of Gulf-based sovereign funds and companies for expansion both domestically and internationally, Aon's Merger and Acquisitions Group (AMAG) is now able to support clients' merger & acquisition projects out of the DIFC.

T
im Davies, director, AMAG (MENA), who heads up the service offering, has 20 years experience of global commercial insurance, including the last eight years working with the Private Equity industry. 

Davies comments: "With the availability of capital, established sovereign wealth funds and an influx of international private equity firms setting up in the region, Aon is able to offer proactive risk identification, quantification and management at every stage of the deal - pre-transaction, during ownership and upon exit. Aon's M&A service offering is even more valuable in light of the credit crunch, which is forcing banks to place additional focus on the terms under which they provide capital. Advising regionally based corporates on insurance diligence issues as they expand into Asia, Europe and the US is a service we will also provide."

Latif AlRayes, chairman, Aon Middle East comments: "There is an ever increasing need in the Middle East for sophisticated advice in areas beyond the traditional property and casualty issues. This new investment will add a designated risk and insurance due diligence service to the private equity and M&A sectors that complements the extensive and well-established services already offered by Aon throughout the MENA region."

Mark Roberts, chief executive officer, AMAG (EMEA and APAC) adds: "The expansion of AMAG to the Middle East is testament to the growing importance of private equity in the region and confirms the significance of Dubai as one of the world's key financial centres. Clients in the region will have the full support of the wider AMAG network across Europe, Asia Pacific and the US. The addition of the group adds to the value that Aon brings to the investment community. Consulting on asset and human capital risk during sensitive transactions and quality support post closing is a key part of the diligence function."

AMAG provides risk management and human capital solutions throughout the deal and fund cycle. Its insurance and human capital advisory services are extensive and include due diligence, transactional solutions, management liability, pensions and benefits consulting, HR restructuring, portfolio management and financial advisory and litigation consulting. AMAG has a large global footprint with 200 M&A specialists working out of wholly owned offices in more than 30 countries.


For more information contact:
Reuben Aitchison
+44 (0)20 7086 7201
reuben.aitchison@aon.co.uk
http://aon.mediaroom.com

 

About Aon
Aon Corporation (NYSE:AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting. Through its 36,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was named the world's "best broker" by Euromoney magazine's 2008 Insurance Survey. Aon also was ranked by A.M. Best as the number one global insurance brokerage in 2007 based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto www.aon.com

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