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New Deal


Announced

Ignite Thailand to acquire DirectAsia from Hiscox.

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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Thailand

Insurance Brokers

Acquisition

Majority

Private

Domestic

Pending

Friendly

Single Bidder

Singapore

motor insurance

Synopsis

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Ignite Thailand, an investor in financial services start-ups, agreed to acquire DirectAsia, a motor vehicle insurance firm, from Hiscox, an Anglo-Bermudan insurance provider. Financial terms were not disclosed. Hiscox's decision to divest follows the Group's previously announced strategic review of the Business as part of its continued active portfolio management and disciplined focus on key markets where it sees the greatest opportunities to maximise value for shareholders.

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