Buy high, sell low:  Marsh & McLennan finally found a buyer for its corporate investigation arm KROLL.  It was seeking US$1.3bn but had to settle finally for US$1.13bn.  It paid Julius Kroll, the founder of the company US$1.9bn in 2004.   Kroll has about $650m in annual revenues and was said to be a poor fit for Marsh & McLennan.  However Ben Allen, Kroll’s chief executive, said he expected growing demand for Kroll’s services as hiring picked up and businesses put greater importance on doing due diligence.  Source: Press Coverage

BIIA Newsletter June II – 2010 Issue