On April 15, 2013, National Financial Partners Corp. (NYSE: NFP) announced that it had agreed to be acquired by an affiliate of private equity firm Madison Dearborn Partners for approximately $1.3 billion in cash consideration.
On April 15, 2013, National Financial Partners Corp. (NYSE: NFP) announced that it had entered a definitive agreement with Madison Dearborn Partners, LLC under which NFP will be acquired by a controlled affiliate of Madison Dearborn. NFP shareholders will receive $25.35 in cash per share of NFP common stock. The equity value of the transaction is approximately $1.3 billion. Madison Dearborn’s board of directors unanimously approved the transaction, which remains subject to NFP shareholder approval and other customary closing conditions. The transaction is expected to close in the third quarter of 2013. NFP provides benefits, insurance, and wealth management services to companies and high net worth individuals. Madison Dearborn is a Chicago-based private equity investment firm .
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