OneLife to be acquired by groupe APICIL

fr en

The OneLife Company S.A. (“OneLife”) today announced that an agreement has been reached between funds advised by J.C. Flowers & Co. LLC (“J.C. Flowers”) and the APICIL Group (“APICIL”) to sell 100 percent of OneLife to APICIL. Terms of the agreement were not disclosed. The transaction is subject to regulatory approval.

<< Back
  • Antonio Corpas CEO OneLife

    Antonio Corpas, Chief Executive Officer of OneLife

OneLife is a leading Luxembourg life insurance company with more than 5.2 billion euros in assets under management.

APICIL is the fourth-largest social protection group in France, engaged in health and life insurance, pensions, savings products, and related financial services. APICIL seeks to further strengthen and develop its wealth management activities and in this regard, OneLife represents an attractive opportunity through its expertise in cross-border wealth planning solutions using life insurance. The activities of OneLife are entirely complementary to those of APICIL’s Luxembourg subsidiary, APICIL Life Luxembourg.

Thierry Porté, Managing Director of J.C. Flowers and Executive Chairman of OneLife commented: “We have worked over many years to develop the capabilities of OneLife in its core activity of cross-border wealth management solutions and to establish and strengthen the OneLife brand. We see the transaction as a confirmation of OneLife’s franchise and the quality of its people and believe that APICIL will enable OneLife to add greater value to clients and partners in the years to come.”

Antonio Corpas, Chief Executive Officer of OneLife, stated: “APICIL’s financial strength, leadership position in France, and commitment to Luxembourg are all positive factors in the continuing cooperation of our business as a key provider of global wealth solutions for an international clientele.”

Philippe Barret, Chief Executive Officer of APICIL, commented: “The expertise of the teams and the quality of the capabilities of OneLife are a perfect complement to the value chain which we already possess in Luxembourg with APICIL Life Luxembourg and will enable us to further accelerate our growth in the market.”

Advisors for J.C. Flowers are Clearwater International for M&A, Loyens & Loeff for legal counsel, and KPMG Luxembourg for financial, tax, and due diligence counsel.

Advisors for APICIL are AEC Partners and PA Consulting for M&A, Norton Rose Fulbright for legal counsel, Périclès Actuariat for actuarial, and PWC for finance.

Back to top  | << Back

Communiqués liés

Michael Weis Anti-Financial Crime Leader at PwC Luxembourg
16/07/2024

EMEA AML SURVEY 2024 - Luxembourg competing for effectivenes...

Luxembourg AML teams tend to be reluctant to adopt new technologies: Only 53% in...

PwC Luxembourg
KPMG Promotions 2024
11/07/2024 Personnalités

KPMG Luxembourg invests in its talents with 12 new leaders t...

KPMG aims to create one of the most innovative, healthy and inspiring working en...

KPMG
capgemini copy
11/07/2024

Generative AI is set to be adopted by 85% of the software wo...

Generative AI (Gen AI) is expected to play a key role in augmenting the software...

Capgemini
Clotilde Buriez - Stefan Rech - new PwC Partners
10/07/2024 Personnalités

PwC Luxembourg strengthens its Assurance team with two new (...

PwC Luxembourg is pleased to welcome two new Audit Partners to the Alternative I...

PwC Luxembourg
 J5A5463

Uber Eats se lance au Luxembourg

Uber Eats est ravi d'annoncer son lancement au Luxembourg, rendant la livraison ...

Uber Eats
DLA-Paper3123-Modifier-hd
10/07/2024 Personnalités

DLA Piper announces strategic leadership appointments in Lux...

Global law firm DLA Piper has announced the promotions of two business operation...

DLA Piper

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more