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New Deal


Announced

Completed

SOMPO completed the investment in Palantir in a $500m deal.

Financials

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Transaction Value£399m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Data Centers and Hosting

Minority

Single Bidder

data company

Completed

Private

United States

Acquisition

Cross Border

Synopsis

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SOMPO, a Japanese insurance holdings company, completed the investment in Palantir Technologies, the Silicon Valley data company, in a $500m deal. “The current COVID-19 pandemic has caused significant changes in both the behaviors and values of our society. My confidence in the common vision shared by SOMPO and Palantir of ‘a better world and happiness for people’ has strengthened further. Regardless of coming from different countries and backgrounds, with a unified vision and common language of ‘Real Data’, we will strive to create an exciting, values-driven business model that no one else has yet accomplished,” Kengo Sakurada, SOMPO Group CEO, Director, President and Representative Executive Officer.

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