Deal Story: Willis Corroon

When KKR acquired UK-based insurer Willis Corroon, the culture was set for a shakeup. Then earnings went off a cliff. But KKR ended up making a huge return on investment. Scott Nuttall, Head of Global Capital and Asset Management at KKR, describes in this Privcap Deal Story how KKR installed a bare-knuckled CEO from Trenton, New Jersey and quickly got the company back on track. Upon full exit, KKR achieved an annualized return of nearly 50 percent.