KKR Acquires Japanese Insurance Distributor Hoken Minaoshi Hompo Group

KKR, a leading global investment firm, today announced that funds managed by KKR have acquired Hoken Minaoshi Hompo Group, Inc. ("Hoken Minaoshi Hompo Group") from investment funds serviced by Advantage Partners ("AP"), a Japanese private equity sponsor. KKR's investment will help Hoken Minaoshi Hompo Group to accelerate its growth strategy and unlock new value, including through organic and inorganic growth strategies such as sales enablement and bolt-on acquisitions.

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Hoken Minaoshi Hompo Group is a leading insurance distributor in Japan, with an omnichannel presence including in-store services, call centers, and online. The company's flagship brand, Hoken Minaoshi Hompo, offers in-store services at around 350 strategic retail locations across Japan, and offers a wide range of insurance products from more than 40 insurance companies. Hoken Minaoshi Hompo Group offers flexible consultation options to accommodate customers' diverse needs and schedules, including in-store face-to-face meetings, online consultations, home visits, and telephone consultations.

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. 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."

Tomoki Usui, CEO of Hoken Minaoshi Hompo Group, 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. Together with KKR, we will further develop our services, supporting each and every customer to create a secure and prosperous future."

KKR is making this investment predominantly from its Asian Fund IV and K-Series. This transaction marks KKR's latest private equity investment in Japan, following investments that have included FUJI SOFT, a leading system integrator; LOGISTEED, a leading third-party logistics company; Yayoi, a financial and accounting software provider for SMEs, among others. This transaction also builds on KKR's deep insurance experience globally, including Global Atlantic, KKR's insurance business; Ascend Asia, the first platform for financial advisory firms in Singapore; USI Insurance Services, one of the largest insurance brokerage and consulting firms in the US; APRIL, the largest wholesale insurance broker in France; and Söderberg & Partners, a leading pension advisor, wealth manager, and insurance broker in the Nordic region.

About Hoken Minaoshi Hompo Group

Hoken Minaoshi Hompo Group is a leading insurance distributor in Japan, with an omnichannel presence including in-store, call centers, and online. Hoken Minaoshi Hompo Group aims to be a Life Support Platform Provider and is deeply committed to delivering peace of mind and enrichment to people's lives in the era of 100-year lifespans. Hoken Minaoshi Hompo Group stands by each customer throughout their life journey, working to eliminate inconvenience, dissatisfaction, and anxiety. Beyond insurance consultations, it offers various services including stores with integrated mortgage consultation and nursing care advisory services.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.

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Media Contacts

For Hoken Minaoshi Hompo Group:

Mizuki Yamada

+81-3-6636-9990

[email protected]

For KKR:

Wei Jun Ong

+65 6922 5813

[email protected]

Samuel Brustad

+81 90 7094 2523

[email protected]