Lane Clark & Peacock to Buy German Investment Consulting Business from Aon

Posted on 05/17/2021

Aon plc signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP). The agreement resolves questions raised by the European Commission with respect to the markets in which these businesses are active. Aon and Willis Towers Watson continue to work toward obtaining additional regulatory approval in all relevant jurisdictions, including the United States, where regulators are conducting an independent review of the proposed combination.

Lane Clark & Peacock is an independent, owner-managed pensions, investment and insurance consultancy in the U.K. and Ireland. With a significant market share in Germany, the acquisition gives LCP a key market position in this important market for pensions consulting and related services.

The retirement and investment business LCP will acquire includes 350 colleagues across five offices in Germany and will be rebranded as LCP upon close of the transaction. The transaction with LCP is contingent on the completion of the pending Aon and Willis Towers Watson combination, as well as other customary closing conditions.

Get News, People, and Transactions, Delivered to Your Inbox