Advantage Partners has sold its stake in Insurance Review Corporation Group to KKR Fund, aiming to leverage KKR's global investment expertise for the growth of the insurance business.

Target Information

Advantage Partners’ fund (hereinafter referred to as "AP Fund") has announced the complete transfer of its shares in Insurance Review Corporation Group (hereinafter referred to as "Insurance Review") to a fund managed by Kohlberg Kravis Roberts & Co. (hereinafter referred to as "KKR Fund"). This transaction marks a significant strategic shift for both parties involved.

AP Fund initially invested in Insurance Review in September 2022 when it was known as NFC Holdings under its parent company, Hikari Tsushin. Since then, AP Fund has implemented various initiatives aimed at enhancing the company's operational efficiency, including the recruitment of executive management, key performance indicator (KPI) management, transformation of the store operation model, strengthening of IT infrastructure, and improvements in sales, customer acquisition, and hiring capabilities. Throughout AP Fund’s investment period, Insurance Review has achieved growth, particularly in its core shop and call center businesses, leading to a steady increase in performance.

Industry Overview

The Japanese insurance industry has been undergoing significant changes in recent years, driven by advancements in technology and evolving consumer expectations.