Madison Dearborn Partners has agreed to acquire National Financial Partners (NYSE: NFP) in a transaction with an equity value of approximately $1.3 billion. NFP shareholders will receive $25.35 per share in cash, which represents a 26% premium over the stock's closing price on March 12. Based in New York City, NFP provides benefit solutions and life insurance, as well as wealth management services for high net worth individuals. Among other services, NFP provides businesses with retirement plans, executive benefits, property & casualty insurance, human resources solutions and health and welfare benefts. Deutsche Bank Securities, Morgan Stanley Senior Funding and UBS Securities provided debt financing for the transaction, which is expected to close in the third quarter.