Global investment firm KKR has acquired Japanese insurance distributor Hoken Minaoshi Hompo Group from funds managed by Advantage Partners for an undisclosed sum.
Hoken Minaoshi Hompo Group runs a multi-channel distribution operation in Japan, comprising physical stores, call centres and digital channels.
Its primary brand, Hoken Minaoshi Hompo, operates around 350 retail outlets and offers products from more than 40 insurers.
The group provides consultations in-person at stores, online, at customers’ homes and by telephone.
Hoken Minaoshi Hompo Group CEO Tomoki Usui said: “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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“Together with KKR, we will further develop our services, supporting each and every customer to create a secure and prosperous future.”
KKR said the transaction is funded mainly through its Asian Fund IV and K‑Series.
It noted that the deal follows other investments in Japan such as Fuji Soft, Logisteed and Yayoi.
Its wider insurance-related holdings include Global Atlantic, Ascend Asia, USI Insurance Services, April and Söderberg & Partners.
KKR added that the investment will be used to advance Hoken Minaoshi Hompo Group’s expansion plans, encompassing internal growth initiatives and potential add-on acquisitions.
KKR Asia-Pacific deputy executive chairman and KKR Japan CEO Hiro Hirano 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.
“We look forward to working alongside the management team and drawing on KKR’s global network, sector expertise, local knowledge and operational capabilities to support Hoken Minaoshi Hompo Group in its next stage of growth.”
