HDI Seguros has acquired SOMPO CONSUMER SEGURADORA S.A., significantly enhancing its market position and expanding its product offerings in Brazil's insurance sector.
Information on the Target
HDI Seguros, one of Brazil's leading insurance companies, has successfully completed the acquisition of all shares of SOMPO CONSUMER SEGURADORA S.A. This transaction encompasses a diverse range of retail insurance products, including automobile, corporate, life, residential, housing, and condominium insurance. With this acquisition, HDI Seguros, which currently issues approximately R$ 5 billion in premiums annually, adds an additional R$ 2 billion from SOMPO's operations, now under the control of the HDI Group.
Eduardo Dal Ri, CEO of HDI Seguros, highlighted that this operation underscores the strength of the Brazilian insurance market and emphasizes the commitment of the Talanx Group, of which HDI is part, to expanding its operations in Brazil.
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Industry Overview in Brazil
The Brazilian insurance industry has experienced dynamic growth in recent years, reinforced by a rising demand for various types of coverage among both individuals and busine
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HDI Seguros
invested in
SOMPO CONSUMER SEGURADORA S.A
in
in a Buyout deal
Disclosed details
Transaction Size: $405M
Revenue: $99M
Enterprise Value: $405M
Equity Value: $405M
Multiples
EV/Revenue: 4.1x
P/Revenue: 4.1x