Singapore's Orient Victoria takes joint control of R9B insurer King Price
What's the deal? Singapore-based Orient Victoria Capital (OVC)Dealroom has a profile for this one. Try Dealroom → has acquired a stake in South African insurer King PriceDealroom has a profile for this one. Try Dealroom → through a capital raise and the purchase of shares from existing shareholders. The transaction gives OVC and KP PartnersDealroom has a profile for this one. Try Dealroom → joint control over the company. Deal terms were not disclosed.
What's King Price? Founded by Gideon Galloway in 2012, King Price has grown into a full insurance group writing R7 billion in annual premiums. The deal marks what the company calls the start of a new era.
Why now? South Africa's Competition Tribunal cleared the OVC transaction in March 2026, removing the regulatory hurdle for the change in control.
What changes? Rather than a straight buyout, the structure splits control between the incoming foreign backer and existing partners. King Price keeps a local ownership base while gaining fresh capital.
The signal: The deal shows overseas capital reaching into South Africa's insurance market, with a Singapore firm betting on a scaleup built from scratch over the past decade.
Read more: thefeedsa.co.za
Image credit: Mister-E
