Antonio Corpas, CEO OneLife is positive about Apicil acquisition.
The OneLife Company has announced that it is to be acquired by the Apicil Group. According to a statement released on 1 August 2018, “An agreement has been reached by funds advised by J.C. Flowers and the Apicil group to sell 100% of OneLife to Apicil.”
The transaction is subject to regulatory approval and the amount of the transaction has not been disclosed.
OneLife is a leading Luxembourg life insurance company with more than €5.2 billion 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.
Antonio Corpas, CEO 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.”