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New Deal

New Deal

Announced

21 Nov 2023

Completed

21 Nov 2023

MUFG completed the acquisition of Girnar Insurance Brokers and Girnar Finserv.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Girnar Insurance Brokers

target

Girnar Finserv

bidder

Mitsubishi Ufj Financial Group

Sources

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Tags

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India

insurance services

Completed

Single Bidder

Insurance Brokers

Acquisition

Cross Border

Minority

Private

Friendly

Synopsis

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MUFG, a Japanese bank, completed the acquisition of Girnar Insurance Brokers and Girnar Finserv. Financial terms were not disclosed.

Service Providers (1)

Dealmakers

legal advisors

Talwar Thakore & Associates (tt&a)

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