Tokio Marine Holdings, Inc. signed a definitive agreement to acquire Commodity & Ingredient Hedging LLC from Falfurrias Capital Partners, L.P., managed by Falfurrias Management Partners LP for an enterprise value of $970 million.
Published on 11/22/2025
at 12:50 am IST - Modified on 11/21/2025
Tokio Marine Holdings, Inc. (TSE:8766) signed a definitive agreement to acquire Commodity & Ingredient Hedging LLC from Falfurrias Capital Partners, L.P., managed by Falfurrias Management Partners LP for an enterprise value of $970 million on November 21, 2025. A consideration of $970 million will be paid by Tokio Marine Holdings, Inc.
For the period ending September 30, 2025, Commodity and Ingredient Hedging LLC reported revenue of approximately $130 million.
The transaction is subject to customary regulatory approvals and is expected to close during the first quarter of calendar year 2026.
William Blair & Company, L.L.C. served as financial advisor and K&L Gates LLP served as legal advisor to Falfurrias and CIH on the transaction. Evercore Inc. (NYSE:EVR) served as financial advisor and Kimberly Meng Han, Rajab Abbassi, Parimah Hassouri, Polina Liberman, Joe Morley, Daisy Darvall, Stephen Jacobson, Timothy Nelson, Jeff Ayer of Kirkland & Ellis LLP served as legal advisor to Tokio Marine.
Tokio Marine Holdings Inc is a Japan-based company engaged in the domestic non-life insurance business, domestic life insurance business, overseas insurance business, as well as financial and general business. The Company operates through four business segments. The Domestic Non-Life Insurance Business segment is engaged in no-life insurance underwriting business and asset management business in Japan. The Domestic Life Insurance Business segment is engaged in life insurance underwriting and asset management services in Japan. The Overseas Insurance Business segment is engaged in overseas insurance underwriting and asset management services. The Finance and Other Businesses segment is mainly engaged in the provision of investment advisory services, investment trust outsourcing services, staffing services, as well as real estate management and nursing care business.
Tokio Marine Holdings, Inc. signed a definitive agreement to acquire Commodity & Ingredient Hedging LLC from Falfurrias Capital Partners, L.P., managed by Falfurrias Management Partners LP for an enterprise value of $970 million.
