M&A Deal Summary

Prudential Acquires Express Life Insurance Co

On March 27, 2014, Prudential acquired insurance company Express Life Insurance Co from LeapFrog Investments

Acquisition Highlights
  • This is Prudential’s 1st transaction in the Insurance sector.
  • This is Prudential’s 1st transaction in Ghana.

M&A Deal Summary
Date 2014-03-27
Target Express Life Insurance Co
Sector Insurance
Buyer(s) Prudential
Sellers(s) LeapFrog Investments
Deal Type Add-on Acquisition

Target

Express Life Insurance Co

Accra, Ghana
Express Life Insurance Company Limited is a Ghanaian company, which provides savings and insurance products, including life and hospitalization cover, for emerging consumers in both urban and rural areas.

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Buyer(S) 1

Buyer

Prudential

Hong Kong, China
Category Company
Founded 1848
Sector Insurance
Employees15,030
Revenue 12.0B USD (2023)
DESCRIPTION

Prudential is a multinational life insurance and financial services company. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential was founded in 1848 and is based in Hong Kong.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Ghana) 1 of 1
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Prudential Vietnam Finance

Ho Chi Minh City, Vietnam

Prudential Vietnam Finance Co. Ltd. is a first foreign, non-bank financial institution licensed for consumer finance lending in Vietnam. Prudential Finance has pioneered providing customized financial consultancy and loan programs to different customer segments. With the widespread business network nationwide, the company has capability to serve customers with flexible financial solutions, enabling our customers to fulfill their dreams and enhance their living standards.

Sell $151M

Seller(S) 1

SELLER

LeapFrog Investments

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2007
Size Large
Type Sector Agnostic
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 1 of 9
Sector (Insurance) 1 of 6
Type (Add-on Acquisition) 1 of 2
Country (Ghana) 1 of 2
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Petra Trust

Accra, Ghana

Petra Trust is a company set up to provide trustee services to Ghanaian employers and individuals under the Pension Act 2008. Petra Trust was founded in 2011 and is based in Accra, Ghana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Northern Arc

Chennai, India

Northern Arc is a non-banking finance corporation providing the crucial link between debt capital markets and high quality Originators who reach out to the emerging consumers and business owners. Using its deep experience, unrivalled data processing skills, proven and proprietary risk management processes. Northern Arc was founded in 2008 and is based in Chennai, India.

Buy -
Mergr

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