Investment Summary

Zurich Invests In PT Mayapada Life

On June 7, 2010, Zurich invested in insurance company PT Mayapada Life from Mayapada Group

Investment Highlights
  • This is Zurich’s 1st transaction in the Insurance sector.
  • This is Zurich’s 1st transaction in Indonesia.

Investment Summary

Date 2010-06-07
Target PT Mayapada Life
Sector Insurance
Investor(s) Zurich
Sellers(s) Mayapada Group
Deal Type Stake Purchase

Target

PT Mayapada Life

Jakarta, Indonesia
PT Mayapada Life is a Indonesian life insurer focused on the distribution of group and individual life and health plans.

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Investor(S) 1

Investor

Zurich

Zurich, Switzerland

Category Company
Founded 1872
Sector Insurance
Employees60,000
Revenue 77.7B USD (2024)
DESCRIPTION
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.

Zurich is a multi-line insurer that serves its customers in global and local markets. Zurich provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Zurich was formed in 1872 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 2 of 11
Sector: Insurance M&A 1 of 6
Type: Stake Purchase M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Threadneedle Asset Management Holdings

Essex, United Kingdom

Threadneedle Investments is a leading active investment manager with a strong track record of outperformance across asset classes. Our investment approach is active, client-focused and performance driven.

Sell £340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-11 Compagnie Libanaise D Assurances SAL

Beirut, Lebanon

Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates (UAE), Kuwait and Oman. Company offers individual and group life insurance solutions to customers in Lebanon.

Buy -

Seller(S) 1

SELLER

Mayapada Group

Jakarta Pusat, Indonesia

Category Company
Founded 1980
Sector Diversified
DESCRIPTION

Mayapada Group is an integrated business group with interests across various sectors including financial services, healthcare, property, retail, media, leisure and energy. The core and backbone of the Group's financial services business is Mayapada Bank, a medium-sized bank targeting the burgeoning SME and commercial enterprises that have driven Indonesia's economic success over the past decade.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2010 M&A 1 of 1