Zhong An $1 billion private placement

Overview:

• Zhong An Online Property Insurance has undertaken a private placement of 15-20% of its share capital in order to raise $1 billion in new funding.
• Initial investors included CDH, CICC, Hillhouse, Keywise, Morgan Stanley, Said and Value Partners.
• The company is one of China's largest online insurers with an estimated 150 million clients and over 630 million policies.
• Slaughter and May acted for Zhong An.