M&A Deal Summary

Shinhan Financial Group Acquires Orange Life

On February 1, 2019, Shinhan Financial Group acquired insurance company Orange Life from MBK Partners

Acquisition Highlights
  • This is Shinhan Financial Group’s 1st transaction in the Insurance sector.
  • This is Shinhan Financial Group’s 1st transaction in South Korea.

M&A Deal Summary

Date 2019-02-01
Target Orange Life
Sector Insurance
Buyer(s) Shinhan Financial Group
Sellers(s) MBK Partners
Deal Type Add-on Acquisition

Target

Orange Life

Seoul, South Korea
Orange Life is a South Korean life insurance unit. Orange Life was founded in 1987 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Shinhan Financial Group

Seoul, South Korea

Category Company
Founded 1982
Sector Financial Services
Revenue 17.57T KRW (2024)
DESCRIPTION

Shinhan Financial Group is a provider of financial products and services in South Korea and internationally. The company operates through five segments: banking, credit card, securities, life insurance, and others. Shinhan Financial Group was founded in 1982 and is based in Seoul, South Korea.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Prudential Vietnam Finance Co.

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.

Buy $151M

Seller(S) 1

SELLER

MBK Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MBK Partners is a private equity firm focused on opportunities throughout Northern Asia (Korea, Japan, China, and Taiwan). MBK specializes in a variety of transactions, including management buy-outs, corporate divestitures, take privates, and add-on acquisitions and will consider both majority and minority positions. Sectors of interest include telecommunication/media, financial services, heavy industrials, consumer, pharmaceuticals, and business services. MBK Partners was formed in 2005 and is based in Hong Kong. The Firm has additional offices in Seoul, Tokyo, and Shanghai.


DEAL STATS #
Overall 15 of 21
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 11
Country: South Korea M&A 5 of 8
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 BHC

Seoul, South Korea

BHC is a franchise restaurant operators, with over 1,500 stores nationwide. The Company also operates several other popular restaurant chains, including Changgo, a full-service premium Korean barbecue restaurant, and Halmae, a quick-service soup restaurant. BHC was founded in 2010 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-22 Coway

Seoul, South Korea

Coway has been dedicated to researching & developing solutions to combat Air Pollution problem. Coway has progressively improved lives of millions of individuals by offering unique Air Purifiers with Patented Filtration Technology. Coway was founded in 1989 and is based in Seoul, South Korea.

Sell -