Strengthening Apicil’s Luxembourg Franchise Through a Fast-Track Acquisition of OneLife

APICIL acquired OneLife Luxembourg from the US private equity firm JC Flowers, further strengthening its position in the European life insurance and wealth management market. Conducted through a rapid bilateral process, the transaction enabled APICIL to secure a highly regarded Luxembourg life insurance platform serving high-net-worth individuals, entrepreneurs and internationally mobile clients across Europe.

OneLife was a natural strategic complement to APICIL’s existing Luxembourg operations and reinforced the Group’s presence in one of Europe’s leading centres for cross-border wealth structuring and life insurance solutions. The acquisition expanded APICIL’s international footprint while adding significant expertise in private wealth and open-architecture investment solutions.

Strategic Impact

The acquisition represented another key milestone in APICIL’s long-term strategy of building a comprehensive savings and wealth management platform.

Following the acquisition of Skandia France and Luxembourg and the integration of Legal & General France and GRESHAM Banque, OneLife significantly enhanced APICIL’s Luxembourg franchise and strengthened its ability to serve affluent clients with sophisticated cross-border wealth planning solutions. Together, these acquisitions created a unique combination of French insurance expertise, Luxembourg wealth structuring capabilities and integrated banking and investment services.

The transaction also reinforced APICIL’s position in the higher value-added segments of the life insurance market. OneLife’s international distribution model, expertise in private wealth and strong relationships with wealth managers, private banks and family offices complemented APICIL’s existing capabilities and accelerated its evolution from a domestic insurer into a broader European savings and wealth management platform.

Fast and Exclusive Execution

The acquisition was completed through a rapid bilateral negotiation with JC Flowers, avoiding the uncertainty and execution risks often associated with competitive auction processes.

Gimar & Co acted as exclusive financial advisor to APICIL and played a central role in identifying, structuring and executing the transaction within an accelerated timeframe. The successful completion of the acquisition demonstrated Gimar’s ability to combine sector expertise, long-standing industry relationships and efficient execution capabilities in complex cross-border financial services transactions.

A Long-Term Value Creation Strategy

The acquisition of OneLife was another step in the series of strategic transactions through which APICIL built one of France’s leading savings and wealth management platforms. Together with COPARC, Skandia France & Luxembourg, Legal & General France, GRESHAM Banque and later wealth management investments, OneLife contributed to the creation of a diversified and scalable platform spanning insurance, wealth management, banking and international life insurance solutions.

Gimar & Co acted as exclusive financial advisor to APICIL throughout the transaction, continuing a trusted relationship spanning more than fifteen years and numerous transformational acquisitions.