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New Deal


Announced

Pacific Prime to acquire brokerage business of CXA Group.

Financials

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

Sources

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Tags

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Friendly

Acquisition

Pending

brokerage services

Single Bidder

Insurance Brokers

Hong Kong

Domestic

insurance brokerage services

Majority

Private

Singapore

Synopsis

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Pacific Prime, an insurance services provider, agreed to acquire the brokerage business of CXA Group, a full line insurance services provider. Financial terms were not disclosed. Proceeds from the deal will be used to finance CXA's expansion into Europe, where the firm has seen demand from European insurers and their bank partners.

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