French Insurance group acquires stake in structured product specialist

Apicil, a French non-profit social protection group, has announced the conclusion of a memorandum of understanding with Equitim, with a view to taking a significant stake in the company's capital. The transaction, which is part of Apicil’s Défis 2020 strategic plan, enables the group to acquire a structured products consulting and brokerage firm, whose clientele include financial professionals, private banks, and institutional investors. ‘This participation allows the group