M&A Deal Summary

JD Capital Acquires Hong Kong Life Insurance Business - Ageas

On August 31, 2015, private equity firm JD Capital acquired insurance company Hong Kong Life Insurance Business - Ageas from ageas for 1.2B EUR

Acquisition Highlights
  • This is JD Capital’s 1st transaction in the Insurance sector.
  • This is JD Capital’s 0th largest (disclosed) transaction.
  • This is JD Capital’s 1st transaction in China.

M&A Deal Summary

Date 2015-08-31
Target Hong Kong Life Insurance Business - Ageas
Sector Insurance
Buyer(s) JD Capital
Sellers(s) ageas
Deal Type Divestiture
Deal Value 1.2B EUR

Target

Hong Kong Life Insurance Business - Ageas

Hong Kong, China
Hong King Life insurance business - provides Life insurance business in HK.

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Buyer(S) 1

Buyer
DESCRIPTION

JD Capital is a Chinese investment firm focused on venture capital investment, real estate, and fixed income. Sectors of interest include consumer, services, logistics, tourism, culture, and agriculture. JD Capital is based in Beijing.


DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 3
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 Carolina Living Technology

Shanghai, China

Carolina Living is a Chinese home furniture company consisting of research & development, design, manufacture, and sales of bedding, furniture, linens and more. It is one of the earliest home furnishing professional manufacturers and retailers. The company transformed their strategy from focusing on home furnishing to a one-stop home lifestyle retail service with products covering home furnishing, interior design, etc. It aims to provide rich residential life and a brand new one-stop home furnishing shopping experience.

Buy -

Seller(S) 1

SELLER

ageas

Brussels, Belgium

website


Category Company
Founded 1824
Sector Insurance
Employees10,044
Revenue 11.6B EUR (2020)
DESCRIPTION

ageas is an international insurance group. Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. Ageas was incorporated in 1824 and is headquarters in Brussels, Belgium.


DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 3
Type (Divestiture) 2 of 3
Country (China) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Ageas Protect

London, United Kingdom

Ageas Protect Ltd. offers innovative insurance products that provide financial and practical support for individuals and businesses, which can be arranged through financial advisers using our award-winning online service.

Sell £181M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 ageas UK’s Commercial Lines Front Book Business

United Kingdom

ageas UK’s Commercial Lines Front Book Business helps in maintaining strong and productive relationships with brokers and customers, prioritizing excellent underwriting, service and value by providing ongoing support and service delivery.

Sell £48M