KKR Acquires Hoken Minaoshi Hompo Group for Expansion
Global investment firm KKR has acquired Japanese insurance distributor Hoken Minaoshi Hompo Group from Advantage Partners. The deal, valued at an undisclosed sum, sees KKR supporting the group's next stage of growth.
Hoken Minaoshi Hompo Group, with its primary brand Hoken Minaoshi Hompo, operates around 350 retail outlets and offers products from over 40 insurers. The group provides consultations through various channels, including in-person, online, at customers' homes, and by telephone. KKR's deputy executive chairman and Japan CEO Hiro Hirano stated that KKR will back the group's expansion plans, which include internal growth initiatives and potential add-on acquisitions.
KKR's investment in Hoken Minaoshi Hompo Group is mainly funded through its Asian Fund IV and K-Series. The firm's wider insurance-related holdings include Global Atlantic, Ascend Asia, USI Insurance Services, April, and Söderberg & Partners. This acquisition follows KKR's other investments in Japan such as Fuji Soft, Logisteed, and Yayoi. Hoken Minaoshi Hompo Group CEO Tomoki Usui expressed gratitude to Advantage Partners and welcomed KKR as the new investor.
KKR's acquisition of Hoken Minaoshi Hompo Group opens opportunities for the group's expansion and growth. Potential buyers of call options for future acquisitions include likely investors, financial institutions, or strategic business partners interested in acquiring shares or control in the company.
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