M&A Deal Summary

Pacific Prime Insurance Brokers Acquires CXA Group Pte - Brokerage Arm

On February 9, 2021, Pacific Prime Insurance Brokers acquired insurance company CXA Group Pte - Brokerage Arm from CXA Group

Acquisition Highlights
  • This is Pacific Prime Insurance Brokers’ 1st transaction in the Insurance sector.
  • This is Pacific Prime Insurance Brokers’ 1st transaction in China.

M&A Deal Summary

Date 2021-02-09
Target CXA Group Pte - Brokerage Arm
Sector Insurance
Buyer(s) Pacific Prime Insurance Brokers
Sellers(s) CXA Group
Deal Type Divestiture

Target

CXA Group Pte - Brokerage Arm

China
CXA Group Pte Ltd. - Brokerage Arm provides insurance-related services from Hong Kong and Singapor.

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Buyer(S) 1

Buyer

Pacific Prime Insurance Brokers

Kwun Tong, China

Category Company
Founded 1999
Sector Insurance
DESCRIPTION

Pacific Prime offers local and international insurance solutions for individuals and companies alike. Pacific Prime was formed in 1999 and is headquartered in Kwun Tong, Hong Kong.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 MIT

Selangor, Malaysia

MIT is an insurance brokerage firm specializing in risk management, insurance, and reinsurance. MIT is based in Selangor, Malaysia.

Buy -

Seller(S) 1

SELLER

CXA Group

Singapore, Singapore

Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

CXA Group is a predictive and data intelligence platform for better health, wealth and wellness choices. Through the CXA platform, employers can empower employees with access to personalised health and lifestyle offerings, with clear and quantifiable ROI for the business. CXA Group was founded in 2013 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1