A consortium led by Michael Dell, the chief executive of Dell Technologies, has agreed to acquire the Baldwin Group, an insurance brokerage, in a deal valued at $7.7 billion.
The consortium, which includes Dell’s investment firm DFO Management, is taking the company private in an all-cash transaction. Baldwin Group provides insurance, risk management, and employee benefits services.
Details regarding the transaction's timeline for completion were not immediately available. The agreement marks a significant private equity deal in the financial services sector.