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Tokio Marine $3.1 billion acquisition of Pure Group

3/10/2019
Private acquisition
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$ 3.1 billion

Announced

3/10/2019

Overview:

  • Japanese insurer Tokio Marineentered an agreement to buy US insurer Pure Group for $3.1 billion.
  • The deal will be financed through cash and external funding. Tokio Marine will retain Pure Group’s management.
  • This transaction is Tokio Marine’s fourth sizeable acquisition in the US in just over a decade.
  • The deal is expected to close during in the first quarter of 2020. 

Chynna Lewis – Researcher

Jurisdictions:

United States
Japan

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:
Skadden Arps Slate Meagher & Flom

Party: Pure Group (Target)

Sullivan & Cromwell

Party: Tokio Marine (Acquirer)

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