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Announced

Completed

Tokio Marine HCC completed the acquisition of GCube.

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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Renewable Energy Equipment

Acquisition

Single Bidder

Completed

United States

Friendly

renewable energy

Majority

Private

Domestic

Synopsis

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Tokio Marine HCC, an international specialty insurance group, completed the acquisition of GCube, a renewable energy risks specialist. Financial terms were not disclosed. "This strategic investment underlines our commitment to the renewable energy insurance market and our desire to actively address the issues around sustainability, helping us move towards a safe, secure and sustainable future. GCube also adds significant weight to our existing classes of specialty insurance and is in line with our strategy of acquiring businesses which possess real market-leading expertise, complement our existing portfolio and offer opportunities for growth and diversification," Barry Cook, Tokio Marine HCC CEO.

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