KKR has acquired Hoken Minaoshi Hompo Group, a leading Japanese insurance distributor, from Advantage Partners, marking the latest addition to its Asia private equity portfolio.

The deal, executed mainly through KKR’s Asian Fund IV and K-Series, will support the company’s next phase of growth, combining organic expansion with bolt-on acquisitions.

Hoken Minaoshi Hompo operates through an omnichannel model with around 350 retail locations across Japan, complemented by online, home visit, and call centre consultations. The company distributes insurance products from more than 40 providers and has broadened its services to include mortgage and nursing care advice.

Hiro Hirano, Deputy Executive Chairman of KKR Asia Pacific and CEO of KKR Japan, said: “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.”

Tomoki Usui, CEO of Hoken Minaoshi Hompo Group, added: “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.”

The acquisition underscores KKR’s commitment to Japan and builds on its global track record in the insurance sector, which includes investments in Global Atlantic, USI Insurance Services, APRIL, Söderberg & Partners, and Ascend Asia. It also adds to KKR’s diverse portfolio of Japanese investments spanning IT, logistics, and SME-focused software.

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