KKR acquires Japanese insurance distributor Hoken Minaoshi Hompo Group
Global investment firm KKR announced that funds managed by KKR have acquired Hoken Minaoshi Hompo Group from investment funds serviced by Advantage Partners, a Japanese private equity sponsor. KKR’s investment will help Hoken Minaoshi Hompo Group to accelerate its growth strategy and unlock new value, including through organic and inorganic growth strategies such as sales enablement and bolt-on acquisitions.
Hoken Minaoshi Hompo Group is a Japanese insurance distributor with an omnichannel presence including in-store services, call centers, and online. The company’s flagship brand, Hoken Minaoshi Hompo, offers in-store services at around 350 strategic retail locations across Japan, and offers a wide range of insurance products from more than 40 insurance companies. Hoken Minaoshi Hompo Group offers flexible consultation options to accommodate customers’ diverse needs and schedules, including in-store face-to-face meetings, online consultations, home visits, and telephone consultations.
“Hoken Minaoshi Hompo Group has established itself as a trusted partner to customers and insurers in Japan through high-quality advice and broad access to insurance products. As the industry continues to evolve, we see significant opportunities for the company to strengthen its platform and better serve the diverse needs of customers. We look forward to working alongside the management team and drawing on KKR’s global network, sector expertise, local knowledge, and operational capabilities to support Hoken Minaoshi Hompo Group in its next stage of growth.” – Hiro Hirano, Deputy Executive Chairman of KKR Asia Pacific and CEO of KKR Japan.
“We thank Advantage Partners for their steadfast support over the years, and are delighted to welcome KKR as our new investor. Their deep expertise in the financial services sector, proven track record of growing businesses in Japan, and global insurance industry knowledge will support us to achieve our mission of providing services that enable everyone to live a 100-year lifespan with peace of mind and happiness. Together with KKR, we will further develop our services, supporting each and every customer to create a secure and prosperous future.” – Tomoki Usui, CEO of Hoken Minaoshi Hompo Group.
