GCA Altium

Transaction Details

January 29, 2018
Tokyo

Sector

Financial Technology and Services

Deal Type

M&A

Deal Value

$415m

GCA advises Asahi Fire & Marine Insurance on its sale to Rakuten

GCA acted as exclusive financial advisor to Japanese insurance company Asahi Fire & Marine Insurance on its agreement to be acquired by global e-commerce company Rakuten for approximately $415 million.

A subsidiary of Nomura Holdings Inc., Asahi Fire & Marine Insurance provides home, property, travel, life and other insurance products to its customers.

Rakuten Inc. is one of the world's leading Internet service companies. Listed on the Tokyo Stock Exchange first section, the company encompasses over 70 businesses spanning e-commerce, banking, communications, travel and insurance. The Rakuten ecosystem touches over 1.2 billion people worldwide, from its almost 100 million Rakuten members in Japan to fans of the Rakuten-sponsored Golden State Warriors and FC Barcelona.

The acquisition will give customers of Rakuten’s existing businesses the opportunity to insure themselves against the potential risks associated with their purchases. Additionally, Asahi’s offerings will complement and expand Rakuten’s existing FinTech businesses and services.

The transaction is subject to closing conditions.

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GCA is a trade name for GCA Corporation and its subsidiaries and other affiliates which include:

• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.