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Announced

Tencent to invest in Waterdrop in a $150m.

Financials

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Transaction Value£113m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Single Bidder

Acquisition

Domestic

Insurance Brokers

Private

Minority

insurance & reinsurance services

insurance services

China

Friendly

Synopsis

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Tencent agreed to invest in Waterdrop, a Chinese insurance services provider, in a $150m. The company will use the funds to expand its online platform and bolster its technology. The funding also provides further ammunition for Waterdrop to compete against Ant Group in the insurance technology sector.

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