Kirkland Advises Madison Dearborn Partners on Acquisition of Significant Majority of NFP’s Wealth Business

Kirkland & Ellis advised private equity firm Madison Dearborn Partners, LLC on the debt financing for its proposed acquisition of a significant majority of NFP's wealth business from Aon plc (NYSE: AON), a leading global professional services firm. The deal includes Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth and related platforms. The transaction was announced September 3, 2025 and is expected to close in late Q4 2025, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals. Under the terms of the transaction, MDP will acquire the businesses for a total consideration estimated to be $2.7 billion at the time of close.

Read the transaction press release

The Kirkland team included debt finance lawyers Maureen Dixon, Conor O’Muiri and Georgie Bierwirth.