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Announced

Completed

Bupa completed the acquisition of Acıbadem Sigorta from Avicennia Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Acquisition

Cross Border

Friendly

risk insurance

life insurance

health insurance

Full Line Insurance

Turkey

Majority

Completed

Private Equity

Synopsis

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Bupa, an international healthcare company, completed the acquisition of Acibadem Saglik ve Hayat Sigorta, a specialist health insurance provider, from Avicennia Capital, a Malaysia-based financial holding company. Financial terms were not disclosed. "We are delighted to announce that Bupa’s acquisition of Acıbadem Sigorta is now complete. Bupa will benefit from Acıbadem Sigorta’s local market knowledge, and their customers and employees will benefit from the strength of our expertise and experience. We look forward to welcoming Acıbadem Sigorta into the Bupa family,” Simeon Preston, Bupa CEO of International Markets.

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