KKR Funds Acquire Japanese Insurance Distributor Hoken Minaoshi Hompo Group to Accelerate Growth

KKR & Co. Inc. (NYSE:KKR) is one of the most promising long-term stocks to buy. On September 16, KKR announced that its funds have acquired the Hoken Minaoshi Hompo Group Inc., which is a prominent Japanese insurance distributor. The acquisition was made from investment funds serviced by Advantage Partners/AP, a Japanese private equity sponsor.

KKR’s investment will primarily be funded through its Asian Fund IV and K-Series and is intended to accelerate the Group’s growth strategy through both organic and inorganic means, such as sales enablement and bolt-on acquisitions. Hoken Minaoshi Hompo Group operates a robust omnichannel presence in Japan, using in-store services, call centers, and online platforms.

Its flagship brand, Hoken Minaoshi Hompo, offers in-store services at ~350 strategic retail locations across the country and provides a wide array of insurance products from ~40 insurance companies. The company is deeply committed to being a Life Support Platform Provider, offering flexible consultation options including face-to-face meetings, online consultations, home visits, and telephone consultations.

KKR & Co. Inc. (NYSE:KKR) is a private equity and real estate investment firm that specializes in direct and fund-of-fund investments.

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Disclosure: None. This article is originally published at Insider Monkey.