Michael Dell’s family office nears deal to take $4.1bn insurance broker private

DFO Management Reportedly Nears Private Acquisition of Baldwin Group

DFO Management, the family office of Michael Dell, is reportedly in advanced discussions to acquire the Baldwin Group, an insurance broker valued at $4.1 billion, according to the Financial Times. The move is said to come as the historically fragmented insurance industry experiences a wave of consolidation.

The Baldwin Group, a target for acquisition, operates within this sector and could be transitioning to private ownership under the potential deal with DFO Management.

Original Source: https://www.ft.com/content/5495d88b-b457-498a-bedd-64a954b538cd?syn-25a6b1a6=1