Hogan Lovells Advised Marsh McLennan in Mercer's US and UK Business Sale

Hogan Lovells Advised Marsh McLennan in Mercer's US and UK Business Sale

Hogan Lovells provided legal counsel to Marsh McLennan in the sale of Mercer's US health and benefits administration as well as its UK pension administration businesses to Bain Capital Insurance. The completion of this transaction, subject to customary approvals and closing conditions, is anticipated to take place towards the end of 2023.

Under the guidance of Bain Capital Insurance, the two businesses –Mercer's US health and benefits administration and UK pension administration – will merge to establish a new entity called Aptia. Aptia with full support from Bain Capital Insurance will be dedicated to delivering services, support, and comprehensive benefits plan management to over 5 million individuals across a diverse clientele of more than 1,100 clients.

John Connell, a partner in Hogan Lovells' Corporate & Finance division based in London, spearheaded the team representing the firm. Assisting Connell were senior associates Francesca Parker and Jennifer Crust, as well as associates Andreas Demetriou, Blaise Salle, Alexandra Miller, India Maddison, and Madalena Marques. Overseeing the US aspects of the transaction was Megan Ridley-Kaye, an M&A partner based in New York. Ridley-Kaye received support from senior associate Ariel Anderson and associate Nicole Banton.

The Hogan Lovells team received additional support from partner Edward Brown in the area of Pensions, partner Stefan Martin in Employment, partner Graham Cutts in Real Estate, and partner Michael Thomas in Regulatory matters.

On the other side, Bain Capital Insurance was advised by Kirkland & Ellis.

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