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Willis Towers Watson Inks $632M Sale Of Tranzact To PE Firms

By Jade Martinez-Pogue ( October 1, 2024, 5:46 PM EDT) -- Insurance company Willis Towers Watson Plc, advised by Weil Gotshal & Manges LLP, on Tuesday announced that it is divesting its direct-to-consumer insurance distribution business Tranzact and selling it to Kirkland & Ellis LLP-advised private equity firm GTCR and Willkie Farr & Gallagher LLP-led technology services investment platform Recognize for $632. 4 million. . . .

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