Carlyle Group and GIC acquired 10% stake in SBI Life Insurance for $742m.

Synopsis

Carlyle Group and GIC are buying a 10% stake in SBI Life Insurance Co from BNP Paribas Cardiff for $742m. Carlyle and GIC beat out bids from KKR and Temasek. The proposal from Carlyle and GIC has been sent to the Insurance Regulatory and Development Authority.

Principals

target

Sbi Life Insurance Company

bidder

The Carlyle Group

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Market Context

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Seller Team (1)

sanjeev kumar pujari

President at SBI LIFE INSURANCE COMPANY

Manager

target

Deal

n/a

Total Value

Bidder Team (2)

kewsong lee

Co-CEO at THE CARLYLE GROUP

Investor

bidder

Deals

£ 89.18 B

Total Value

lim chow kiat

CEO at GIC PRIVATE LIMITED

Investor

bidder

181

Deals

£ 236.94 B

Total Value

Vendor Team (1)

jean-laurent bonnafe

CEO at BNP PARIBAS SA

Manager

vendor

Deals

£ 21.96 B

Total Value

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