Aseana Insurance Pte. Ltd.

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Aseana Insurance Pte. Ltd. - overview

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).


Current Investors

Warburg Pincus

Primary Industry

Financial Services

Sub Industries

Private Equity, Insurance

Website

www.aseana-insurance.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Aseana Insurance Pte. Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedAseana Insurance Pte. Ltd.-
Add-on, Trade SaleCompletedPT. Asuransi Bina Dana Arta Tbk.-
Add-onAnnouncedMapfre Asistencia Compañía Internacional De Seguros Y Reaseguros, S.A.-

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