USI deal may prompt further PE exits

Onex Group's agreement to sell its stake in USI Insurance
Services, reportedly at a healthy 12.2x Ebitda, could spur more
private equity (PE) funds to take American brokers to the auction
block.
Amid attractive valuations, PE investors have the added
incentive that the favourable tax treatment might be lost for
so-called "carried interest" that keeps the tax bite on
profits lighter than for ordinary income or even for capital
gains.
During his election campaign last year, President Donald Trump