NFP readies lender call for Tuesday after announcing HPS investment

By Sara Rosenberg

New York, Dec. 5 – NFP Corp. is scheduled to hold a lender call on Tuesday, according to a market source, who said details on the purpose of the call are not yet available.

Bank of America Merrill Lynch is the lead bank on the deal.

On Monday, the company announced that HPS Investment Partners LLC has agreed to make a substantial minority investment in NFP.

Upon the closing of the transaction, Madison Dearborn Partners, which took a controlling equity ownership position in NFP in 2013, will maintain a controlling stake in the company, alongside management and employees.

Closing is expected in the first quarter of 2017, subject to customary conditions.

NFP is an insurance broker and consultant.

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