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Location
-, -, Singapore
Primary Industry
Financial Services
About
Based in Singapore, Aseana Insurance Pte. , Ltd. , owned and supported by Warburg Pincus LLC, operates as a holding company that acquires stakes in general insurance companies in Southeast Asia. Warburg Pincus acquired full ownership in Aseana Insurance Pte.
Ltd. , for an undisclosed financial term. As of 2022, Abhishek Bhatia acts as the Chief Executive Officer and President of the company. Aseana invests in the insurance sector, operating in 6 Southeast Asian markets.
As of 2022, the company has invested more than USD 3 billion in general insurance and reinsurance companies, insurance distribution and services companies, and life and health insurance companies like Petplan, Delticus Group, SBI general insurance, ICICI Lombard, Fortegra, Max, Brite Core, and many more. The company plans to buy 386,924,893 shares, which is 62. 33 percent of PT Asuransi Bina Dana Arta Tbk, from Mapfre International SA (ABDA).
Warburg Pincus
Financial Services
Private Equity, Insurance
www.aseana-insurance.com
Mature - Growth Capital
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Aseana Insurance Pte. Ltd. | - | ||||||||
| Add-on, Trade Sale | Completed | PT. Asuransi Bina Dana Arta Tbk. | - | ||||||||
| Add-on | Announced | Mapfre Asistencia Compañía Internacional De Seguros Y Reaseguros, S.A. | - |
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