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  5. AIFU Acquires Hangzhou Fanhua Zhixin Insurance Agency Co.

M&A Deal Summary

AIFU Acquires Hangzhou Fanhua Zhixin Insurance Agency Co.

On April 30, 2009, AIFU acquired insurance company Hangzhou Fanhua Zhixin Insurance Agency Co.

Acquisition Highlights
  • This is AIFU’s 1st transaction in the Insurance sector.
  • This is AIFU’s 1st transaction in China.

M&A Deal Summary
Date 2009-04-30
Target Hangzhou Fanhua Zhixin Insurance Agency Co.
Sector Insurance
Buyer(s) AIFU
Deal Type Add-on Acquisition

Target

Hangzhou Fanhua Zhixin Insurance Agency Co.

Hangzhou, China
Hangzhou Fanhua Zhixin Insurance Agency Co., Ltd. provides distribution of property and casualty insurance products.

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Buyer(S) 1

Buyer

AIFU

Guangzhou, China
Category Company
Founded 1998
Sector Insurance
Employees4,707
Revenue 1.8B CNY (2024)
DESCRIPTION

AIFU is a provider of financial products and services to individuals and businesses including property and casualty and life insurance products, wealth management products, and consumer finance services. AIFU was incorporated in 1998 and is based in Guangzhou, China.

DEAL STATS #
Overall 1 of 4
Sector: Insurance M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 2
Country: China M&A 1 of 4
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-31 Dongguan Zhongxin Insurance Agency Co.

China

Dongguan Zhongxin Insurance Agency Co., Ltd. is a provider of insurance services.

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