Add-on Acquisition • Insurance

Pacific Prime Insurance Brokers Acquires MIT

On February 6, 2024, Pacific Prime Insurance Brokers acquired insurance company MIT

Acquisition Context

This is Pacific Prime Insurance Brokers’ 2nd transaction in the Insurance sector.
This is Pacific Prime Insurance Brokers’ 1st transaction in Malaysia.

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M&A Deal Summary
Date	February 6, 2024
Target	MIT
Sector	Insurance
Buyer(s)	Pacific Prime Insurance Brokers
Deal Type	Add-on Acquisition

Target Company

MIT

Selangor, Malaysia

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

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Buyer Overview 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 Context for Buyer	#
Overall	2 of 2
Sector: Insurance	2 of 2
Type: Add-on Acquisition	1 of 1
Country: Malaysia	1 of 1
Year: 2024	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-02-09	CXA Group Pte - Brokerage Arm China CXA Group Pte Ltd. - Brokerage Arm provides insurance-related services from Hong Kong and Singapor.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2021-02-09

CXA Group Pte - Brokerage Arm

China

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

Buy

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