American private equity firm JC Flowers has agreed to sell OneLife to French social protection group APICIL Group. Terms of the transaction were not divulged.

OneLife is a Luxembourg-based life insurance company with more than €5.2bn in assets under management.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

APICIL is engaged in health and life insurance, pensions, savings products, and related financial services.

APICIL said that the activities of OneLife are entirely complementary to those of APICIL Life Luxembourg, its subsidiary in Luxembourg.

Commenting on the deal, JC Flowers managing director and executive chairman of OneLife Thierry Porté 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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

OneLife CEO Antonio Corpas 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.

APICIL CEO Philippe Barret 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.”