The private equity firm is working with Citigroup to evaluate potential transactions that could include a sale or strategic partnership. Sources said a deal could value the business at several hundred million dollars. Since its launch, the company has expanded through acquisitions across the region. Oona acquired Indonesian insurer Abda and Philippine-based MIIC through subsidiary Aseana Insurance Investments Holdings. The potential transaction comes as Warburg Pincus continues to expand its activity across Asia. The firm has recently backed several regional investments, including infrastructure and corporate services platforms. Its broader dealmaking includes participation in the $7bn take-private of logistics platform ESR Group last year. The firm has also pursued investments in corporate services provider Acclime and Haier Smart Home's Indian unit. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly...
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