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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.