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

JD Capital

Category Private Equity Firm
Founded 2007
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

JD Capital is a publicly-traded investment firm focused on minority share investments in companies throughout China. Broad areas of interest include consumer, healthcare, real estate, and advanced manufacturing. JD Capital is based in Beijing.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Modern Metal & Refining

Kwai Chung, China

Modern Metal is a aluminum die casting manufacturer in China and a major supplier of highly-engineered aluminum die casting products in the global automotive, climate control and industrial automation markets. Its customers include leading multinational companies in the USA, Europe and Asia.

Buy -

Seller(S) 1

SELLER

ageas

Brussels, Belgium
Category Company
Founded 1824
Sector Insurance
Employees14,837
Revenue 9.8B EUR (2023)
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 headquartered 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
Mergr

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