Hillhouse Capital is reportedly nearing a deal to acquire the financial risk management and insurance brokerage business from Marsh, which serves high-net-worth clients in Asia and other markets. This business, PCS, is a subsidiary of Mercer, and Hillhouse reportedly outbid other private equity firms for the acquisition. The deal could be announced as early as Friday. AI
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RANK_REASON This is a significant acquisition in the financial services sector, involving a major investment firm and a subsidiary of a large global company. [lever_c_demoted from significant: ic=1 ai=0.1]