Linklaters advises Allianz Direct on the agreement to acquire Eurofil’s insurance portfolio, brand and operational assets from Abeille Assurances

Linklaters has advised Allianz Direct, a subsidiary of the German group Allianz offering online insurance products, on its agreement to acquire Eurofil’s insurance portfolio, brand, and operational assets from Abeille IARD & Santé, as well as to integrate over 300 employees.

This acquisition, which remains subject to the usual regulatory approvals for this type of transaction, will position Allianz Direct as the third largest player in the French direct insurance market. The employee representative bodies of the relevant parties are also being consulted. Completion of the transaction is expected by the end of 2025.

Linklaters’ multidisciplinary team was led by Hubert Segain, Corporate/M&A Partner, and supported by Louis Prades, Counsel, Espérance Ait Bachir, Associate and Bibi Gbaya and Andréa Midy, both Junior Associates in Corporate/M&A.

The team also included Thomas Elkins, Partner, and Elina Wagenaar, Junior Associate, in Antitrust and Foreign Investment; Géric Clomes, Partner, Cécile Romanin, Managing Associate and Netanel Taid Kashani, Associate, for employment law aspects; and Marc Perrone, Partner, Pierre Vibert, Managing Associate, and Emeric Tidafi, Associate, in Financial Regulation.

Further support was provided by Cyril Boussion, Partner, and Hugo Moreira, Associate, for tax aspects; Sonia Cissé, Partner, Roxane Chrétien, Associate, and Ibrahima Gaye, Junior Associate, on data protection and transitional agreement matters. Pauline Debré, Partner, Laetitia Nicolazzi, Managing Associate, and Canelle Etchegorry, Junior Associate, advised on intellectual property matters.

The Real Estate team, including Françoise Maigrot, Partner, Farah Alabed, Managing Associate, and Marie-Andrée Djiena, Junior Associate, was also involved.