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EX-99.1 - EXHIBIT 99.1 - Aon plcex991tempoproforma.htm



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
 
 
 

FORM 8-K
 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): May 1, 2017
 
 
 
 
 
 
 
Aon plc
(Exact Name of Registrant as Specified in Charter)
 
England and Wales
 
1-7933
 
98-1030901
(State or Other Jurisdiction
of Incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
122 Leadenhall Street, London, England
 (Address of Principal Executive Offices)
 
EC3V 4AN
 (Zip Code)
 
Registrant’s telephone number, including area code: +44 20 7623 5500
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
 

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Item 2.01             Completion of Acquisition or Disposition of Assets

On May 1, 2017, Aon plc (the “Company”) completed the previously announced sale (the “Disposition”) of its benefits administration and business process outsourcing business (the “Tempo Business”) to Tempo Acquisition, LLC (the “Buyer”), an entity formed and controlled by affiliates of The Blackstone Group L.P. (the “Sponsor”), and certain designated purchasers that are direct or indirect subsidiaries of the Buyer pursuant to a Purchase Agreement entered into on February 9, 2017 (as amended, the “Purchase Agreement”).
The Buyer has purchased all of the outstanding equity interests in each of the Business Subsidiaries (as defined in the Purchase Agreement), plus certain related assets, for a purchase price of (i) $4.3 billion in cash paid at closing, subject to customary adjustments set forth in the Purchase Agreement, and (ii) deferred consideration of up to $500 million, plus the assumption of certain liabilities.
There are no material relationships between the Company and the Buyer or any of their respective affiliates, other than in respect of the Purchase Agreement and the related ancillary agreements.

The Company has attached as Exhibit 99.1 unaudited pro forma condensed consolidated financial information to illustrate the pro forma effects of this Disposition.

Item 9.01.            Financial Statements and Exhibits
 
(b)        Pro Forma Financial Information

Certain unaudited pro forma condensed consolidated financial information of the Company giving effect to the Disposition is filed as Exhibit 99.1 hereto and incorporated herein by reference.
 
(d)           Exhibits
 
Exhibit
Number
 
Description of
 Exhibit
 
99.1
 
Unaudited pro forma condensed consolidated financial information.

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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  
 
 
Aon plc
 
 
 
 
 
By:
/s/ Molly Johnson
 
 
 
Molly Johnson
 
 
 
Assistant Secretary
 
 
 
Date:
May 5, 2017
 

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EXHIBIT INDEX
 
 
Exhibit
Number
 
Description of
 Exhibit
 
99.1
 
Unaudited pro forma condensed consolidated financial information.


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