M&A Deal Summary

SBI Holdings Acquires LY HOUR Insurance

On May 9, 2024, SBI Holdings acquired insurance company LY HOUR Insurance

Acquisition Highlights
  • This is SBI Holdings’ 1st transaction in the Insurance sector.
  • This is SBI Holdings’ 1st transaction in Cambodia.

M&A Deal Summary

Date 2024-05-09
Target LY HOUR Insurance
Sector Insurance
Buyer(s) SBI Holdings
Deal Type Add-on Acquisition

Target

LY HOUR Insurance

Phnom Penh, Cambodia
LY HOUR Insurance offers a variety of insurance products, mainly fire insurance and motor insurance. LY HOUR Insurance was founded in 2017 and is based in Phnom Penh, Cambodia.

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Buyer(S) 1

Buyer

SBI Holdings

Tokyo, Japan

Category Company
Founded 1999
Sector Financial Services
Employees19,097
Revenue 1.21T JPY (2024)
DESCRIPTION

SBI Holdings is a financial services company group based in Japan. The group's businesses and companies are held primarily at SBI Holdings, the group also operates a business school and children's charity foundation as well. SBI Holdings was founded in 1999 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 3
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Cambodia) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-03 Xcelerate

Fort Lauderdale, Florida, United States

Xcelerate Corp. provides business-to-business e-commerce solutions and wireless Internet solutions. The company markets its services to start-up companies and existing ones in an effort to transform them into e-corporations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 APX Logistics Solutions

Bangkok, Thailand

APX Logistics Solutions provides LTL freight services covering Thailand and neighboring countries through its own hub-and-spoke network built in partnership with trucking companies. APX Logistics Solutions is based in Bangkok , Thailand.

Buy -