Apicil Completes Acquisition of OneLife
French insurance group Apicil in January 2019 announced it has completed the acquisition of Luxembourg life insurance company OneLife. Luxembourg regulator CAA has granted its approval.
OneLife has more than €5.2 billion in assets under management and employs more than 150 staff across Europe. It focuses on wealth management and asset management services to ultra-high-net-worth (UHNW), high-net-worth (HNW) and highly affluent clients.
Apicil, the fourth largest social protection group in France with a €2.4 billion turnover, acquired OneLife from U.S. private equity firm J.C Flowers.