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KKR to Acquire Alliant Insurance Services

Global investment firm Kohlberg Kravis Roberts & Co. agreed to acquire Alliant Insurance Services, a specialty insurance brokerage firm. The transaction is expected to close in 4Q12.

Alliant provides workers' compensation, employee benefits, surety and financial products and services to ~20,000 clients in the U.S., while KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. (Source: Kohlberg Kravis Roberts & Co. L.P.)