Compassvale Investments $100 million acquisition of 2% stake in ICICI Prudential Life Insurance Company

Overview:

• Compassvale Investments has acquired a 2% stake in ICICI Prudential Life Insurance Company for $100 million.
• The acquirer is an indirect wholly owned subsidiary of Temasek Holdings.
• This is one of the first private equity investments in a life insurance company in India after the increase in the FDI cap for the insurance sector.
• At the same time ICIC sold a 9% stake in its general insurance vehicle ICICI Lombard to Fairfax Financial Holdings.

Katrin Kostadinova - Data analyst