M&A Deal Summary

Allianz X Acquires BIMA

On December 20, 2017, corporate investor Allianz X acquired insurance company BIMA from LeapFrog Investments

Acquisition Highlights
  • This is Allianz X’s 2nd transaction in the Insurance sector.
  • This is Allianz X’s 1st transaction in Sweden.

M&A Deal Summary

Date 2017-12-20
Target BIMA
Sector Insurance
Buyer(s) Allianz X
Sellers(s) LeapFrog Investments
Deal Type Secondary Buyout

Target

BIMA

Stockholm, Sweden
BIMA uses mobile technology to deliver affordable insurance and health products to underserved consumers in emerging markets and families who cannot access these vital products through traditional channels. BIMA’s technology platforms create a paperless experience and enable scale, while the agent force distributes products and provides customer education. BIMA was founded in 2010 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Allianz X

Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich.


DEAL STATS #
Overall 7 of 29
Sector: Insurance M&A 2 of 5
Type: Secondary Buyout M&A Deals 1 of 2
Country: Sweden M&A 1 of 1
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-15 Drone Racing League

New York, New York, United States

Drone Racing League provides proprietary technology, custom drones, and in-house media and event experts to host global, professional drone races for elite pilots and create thrilling drone racing content. DRL was founded in 2015 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 amwell

Boston, Massachusetts, United States

amwell is a telehealth platform that connects and enables providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell offers a single, comprehensive platform to support all telehealth needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With over a decade of experience, Amwell powers telehealth solutions for over 130 health systems comprised of 2,000 hospitals and 55 health plan partners with over 7,000 employers, covering over 150 million lives. amwell was founded in 2006 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

DESCRIPTION

LeapFrog Investments is a private equity firm focused on opportunities across Asia and Africa. The Firm looks to invest $10 to $50 million per transaction to fund high-growth, financial services and healthcare businesses operating in fast growing markets. LeapFrog is an active investor and looks to support portfolio companies with operations, sales, human resources, and other core business functions. LeapFrog Investments was formed in 2007 and is headquartered in Ebene, Mauritius.


DEAL STATS #
Overall 6 of 10
Sector: Insurance M&A 4 of 6
Type: Secondary Buyout M&A Deals 2 of 2
Country: Sweden M&A 1 of 1
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Zepz

London, United Kingdom

Zepz with its online service platform WorldRemit, lets people send money to friends and family living abroad, using a computer, smartphone or tablet. Zepz was founded in 2010 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 JUMO

Cape Town, South Africa

JUMO is a disruptive fintech business that is rapidly reshaping how ethical financial products reach consumers and SMEs in emerging markets. Its mission is to build and operate inclusive digital banking marketplaces to advance financial inclusion for the 80 per cent of the world’s population who are excluded or underserved by traditional financial services. JUMO was founded in 2015 and is based in Cape Town, South Africa.

Buy -