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Announced

Completed

FLJ completed the acquisition of Alpha Mind for $180m.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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insurance agency

Private

Cross Border

Full Line Insurance

Friendly

Single Bidder

United States

Acquisition

Majority

Completed

Synopsis

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FLJ, an apartment rental platform, completed the acquisition of Alpha Mind, an insurance company, for $180m. “We are pleased to welcome Alpha Mind and its team. We are optimistic about the quality of Alpha Mind’s service offerings. We are confident that we can work with the Alpha Mind team to further strengthen its market position in the insurance technology and insurance agency service space,” Chengcai Qu, FLJ CEO.

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