Add-on Acquisition • Insurance

HSBC Holding Acquires AXA Singapore

On August 16, 2021, HSBC Holding acquired insurance company AXA Singapore for 575M USD

Acquisition Context
  • This is HSBC Holding’s 1st transaction in the Insurance sector.
  • This is HSBC Holding’s 5th largest (disclosed) transaction.
  • This is HSBC Holding’s 1st transaction in Singapore.

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M&A Deal Summary

Date August 16, 2021
Target AXA Singapore
Sector Insurance
Buyer(s) HSBC Holding
Deal Type Add-on Acquisition
Deal Value 575M USD

Target Company

AXA Singapore

Singapore, Singapore
AXA Singapore is a property and casualty (P&C) insurer. AXA Singapore is based in Singapore.
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Buyer Overview 1

Buyer

HSBC Holding

London, United Kingdom

Category Company
Founded 1865
Sector Financial Services
Employees211,940
Revenue 67.4B USD (2024)
DESCRIPTION

HSBC is a global banking and financial services company. HSBC was founded in 1865 and is based in London, England.


Deal Context for Buyer #
Overall 7 of 8
Sector: Insurance 1 of 1
Type: Add-on Acquisition 6 of 6
Country: Singapore 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 we.trade Innovation DAC

Dublin, Ireland

we.trade Innovation DAC is a digital trade platform based on the Linux Foundation's Hyperledger Fabric and runs on the IBM Blockchain Platform. We .trade digital platform delivers global trade transactions across trade finance, insurance, and logistics. we.trade Innovation was founded in 2017 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-10 HSBC Innovation Banking

London, United Kingdom

HSBC Innovation Banking offers flexible banking solutions for start-ups, scale-ups, growth businesses, investors, and those working towards IPO. From comprehensive banking to managing cash flow to plans for buyouts to Global Funds Banking, it fuels ideas at every stage of their journey. HSBC Innovation Banking is based in London.

Buy £1.0B