Marsh & McLennan has reached a deal to sell its corporate-intelligence unit, Kroll, to buyout-backed global security firm Altegrity for $1.13bn (€944m).

Altegrity is owned by private-equity firm Providence Equity Partners, which will invest additional money in the combined company.

US buyout firm has bolted corporate intelligence business Kroll onto a security company after the deal attracted interest from private equity houses including Carlyle Group.

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