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 3 of 4
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Cambodia) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-24 SBI Shinsei Bank

Tokyo, Japan

SBI Shinsei Bank is a bank. The Corporate segment provides various financial products and services to businesses and public companies, credit trading-related financial products and services, asset backed investment, and advisory service, among others. The Financial Market segment provides financial products and services to financial companies, and foreign exchange, derivatives, equity-related and other capital market businesses, as well as asset and liability management (ALM) business, and alternative investment, wealth management. SBI Shinsei Bank was founded in 1952 and is based in Tokyo, Japan.

Buy $1.1B
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 -