Investment Summary

XL Group Invests In Mahindra Insurance

On October 17, 2017, XL Group invested in insurance company Mahindra Insurance from LeapFrog Investments

Investment Highlights
  • This is XL Group’s 4th transaction in the Insurance sector.
  • This is XL Group’s 1st transaction in India.

Investment Summary

Date 2017-10-17
Target Mahindra Insurance
Sector Insurance
Investor(s) XL Group
Sellers(s) LeapFrog Investments
Deal Type Stake Purchase

Target

Mahindra Insurance

Mumbai, India
Mahindra Insurance is a fast-growing, high-impact company – providing life, motor and health insurance to millions of people in rural and semi-urban India. Mahindra Insurance was founded in 2004 and is based in Mumbai, India.

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Investor(S) 1

Investor

XL Group

Hamilton, Bermuda

Category Company
Founded 1986
Sector Insurance
Employees7,304
Revenue 11.3B USD (2017)
DESCRIPTION

XL Group plc is a insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.


DEAL STATS #
Overall 6 of 6
Sector: Insurance M&A 4 of 4
Type: Stake Purchase M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 New Energy Risk

Menlo Park, California, United States

New Energy Risk, Inc. is a provider of innovative data analytics, strategic consulting and financial risk transfer solutions to the renewable energy industry worldwide.

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Seller(S) 1

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 5 of 10
Sector: Insurance M&A 3 of 6
Type: Stake Purchase M&A Deals 1 of 1
Country: India M&A 3 of 4
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-23 Enterprise Group

Accra, Ghana

Enterprise Group offers a comprehensive suite of financial services including insurance, life cover and pensions to the country’s emerging consumers. Enterprise Group was founded in 1924 and is based in Accra, Ghana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Zepz

London, United Kingdom

Zepz with its online service platform WorldRemit, lets people send money to friends and family living abroad, using a computer, smartphone or tablet. Zepz was founded in 2010 and is based in London, United Kingdom.

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