Hillhouse to Acquire Mercer’s Private Client Services Business

Hillhouse Investment agreed to acquire Mercer’s Private Client Services, an Asia-led business offering wealth protection and life insurance.

The transaction between Hillhouse and Mercer, owned by New York-based professional services company Marsh, is pending regulatory approvals and other closing conditions, according to a statement from the Asia-based alternative asset manager, which confirmed an earlier Bloomberg News report. Financial terms weren’t disclosed.