Dell Family Office Poised to Take Baldwin Private in $4.1 Billion Deal
Michael Dell’s family office DFO Management is in advanced talks to take Baldwin Group private at a roughly $4.1 billion valuation, in a potential leveraged buyout amid ongoing consolidation in the insurance broker sector. Baldwin, which focuses on commercial insurance for midsize and large companies, could see an announcement next week barring last-minute issues. The move follows Aon’s purchase of USI Insurance and reflects rising private‑markets interest in brokers and insurers; Baldwin shares have risen about 25% this year on speculation.