M&A Deal Summary

APICIL Prévoyance Acquires Legal & General Holdings S.A.

On January 4, 2016, APICIL Prévoyance acquired insurance company Legal & General Holdings S.A. from Legal & General Group

Acquisition Highlights
  • This is APICIL Prévoyance’s 1st transaction in the Insurance sector.
  • This is APICIL Prévoyance’s 1st transaction in France.

M&A Deal Summary

Date 2016-01-04
Target Legal & General Holdings S.A.
Sector Insurance
Buyer(s) APICIL Prévoyance
Sellers(s) Legal & General Group
Deal Type Divestiture

Target

Legal & General Holdings S.A.

Paris, France
Legal & General Holdings (France) S.A. is a specialist player in unit-linked savings and group risk, with an established presence in the affluent savings market and the group health and protection market for SMEs.

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Buyer(S) 1

Buyer

APICIL Prévoyance

Caluire Et Cuire, France

Category Company
Founded 1981
Sector Insurance
DESCRIPTION

APICIL Prévoyance is a provider of life, medical, death, and medical insurance products and services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Legal & General Group

London, United Kingdom

Category Company
Founded 1836
Sector Financial Services
Employees10,799
Revenue 20.8B GBP (2024)
DESCRIPTION

Legal & General Group is a large insurance and investment management company. Legal & General is divided into four business segments. These include Legal & General Retirement, Legal & General Investment Management, Legal & General Capital, and Legal & General Insurance. Legal & General was founded in 1836 and is based in London, England.


DEAL STATS #
Overall 5 of 10
Sector: Insurance M&A 4 of 5
Type: Divestiture M&A Deals 5 of 8
Country: France M&A 1 of 1
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Commercial International Life Insurance Co.

New Cairo, Egypt

Commercial International Life Insurance Co.is a provider of insurance services & products. The first life insurance company in Egypt to adopt the bancassurance model. Company has 90,000 individual insurance policies, and provides retirement benefits group life and credit life insurance for circa 350,000 customers.

Sell $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-15 Suffolk Life Group

Ipswich, United Kingdom

Suffolk Life Group Ltd. is a provider and administrator of specialist pension products, primarily Self-Invested Personal Pensions (SIPPs). It has total assets exceeding £5 billion. Suffolk Life owns over 2,700 properties for over 4,000 SIPP investors.

Sell £45M