Athora Germany to Acquire DBV-Winterthur Life Closed Book Deferred Annuities and Endowments Portfolio from AXA Germany
July 14, 2022
Athora Holding Ltd. said its subsidiary Athora Deutschland GmbH (Athora Germany) has agreed to acquire a closed book portfolio of deferred annuities and endowments from AXA Germany. The deal is for a €610 million purchase price (vs. €19 billion of assets under administration) and is expected to make Athora Germany the owner of roughly €24 billion of AuA and 1.1 million customers upon closing.
- Buyers
- Athora Deutschland GmbH
- Targets
- DBV-Winterthur Life (DWL) closed book portfolio of deferred annuities and endowments
- Sellers
- AXA Germany
- Industry
- Insurance
- Location
- Germany
- Transaction Type
- Buyout
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