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Announced

Completed

Pacific Prime completed the acquisition MIT Insurance Brokers.

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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Malaysia

insurance brokerage

risk management

Insurance Brokers

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Pacific Prime, a global insurance brokerage firm, completed the acquisition MIT Insurance Brokers, Malaysia’s insurance brokerage firm specializing in risk management, insurance, and reinsurance. Financial terms were not disclosed. “Malaysia is an exciting country for us to expand our operations. With the integration of MIT Insurance Brokers, we’ll bring together a team of established and experienced personnel to provide innovative and strategic solutions both within and outside of the region. This is of utmost importance in light of the numerous global regulatory and technological changes taking place,” Neil Raymond, Pacific Prime CEO.

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