The APRIL Group and the DLPK Group have entered into negotiations with aiming at entering into a strategic partnership. With assets under management of €15 billion, this combination would make APRIL and DLPK a leading player in the French savings and investment products market.
The DLPK group, a leading player in the fields of savings and asset management, deploys its expertise in the distribution of multi-channel wealth management solutions, the design and management of savings and investment products (life insurance, securities accounts, employee savings schemes) and innovative financial solutions. This strategic alliance with APRIL will enable the DLPK group to accelerate its growth and consolidate its leadership of the French market among financial intermediaries (IFAs, private banks, brokers, etc.) through its brands recognised for their high level of expertise, such as Nortia, Nevidis, Nélia Gestion, Nélia Titres, Warold, Go Epargne Entreprise, Tailor AM, Nexo Capital and Linavest. The DLPK group will continue to be managed by the current team led by Vincent Dubois.
This transaction is in line with APRIL Group’s growth strategy, which confirms its strong ambitions in a savings market that offers numerous development prospects and opportunities through local brokerage. APRIL is thus confirming its desire to join forces with the best players to become a leader in this market in France and Europe.
The transaction is expected to close in the second quarter of 2024, subject to regulatory approval and completion of the applicable legal and labour procedures.
“This exciting prospect of a merger will serve our mutual ambitions for growth in the savings and investment product market. We will be able to pool our expertise for the benefit of our various distribution networks. Above all, this commitment is based on a shared entrepreneurial DNA and a drive for innovation” Vincent Dubois, Chairman of the DLPK Group.
“We are delighted to be joining forces with DLPK, which has established itself as a leading and expert group in the field of and investment products under the leadership of a talented management team with whom we share a taste for entrepreneurship at the service of our partners and customers. This agreement represents a key step in our shared ambitions to become a leading player at the heart of a fast-growing market” Eric Maumy, CEO of APRIL Group.
“18 months after the acquisition of Magnacarta, which is continuing its growth trajectory, we are confirming our will to accelerate strongly in the French savings market. We are looking forward to implementing the first synergies with the DLPK Group’s teams in order to build an ambitious roadmap for the benefit of our partners, both independent asset managers and brokers” Emmanuel Maillet, APRIL Group’s Vice Managing Director.
About the DLPK Group
Majority-owned by its founding directors, the DLPK Group is dedicated to the design, management and distribution of financial solutions for wealth management professionals (asset managers, institutional investors, private banks, etc.).
Its expertise is structured around 3 areas:
-The design of innovative financial solutions, via Tailor Asset Management (collective investment management), Nexo Capital (structured investment solutions) and Linavest (real estate investment solutions);
-Management of provident, savings and employee savings products through Nevidis, Nélia Gestion, Nélia Titres, Go Epargne Entreprise ! and Warold.
Distribution of open-architecture wealth management solutions to wealth management professionals through Nortia, a BtoB marketplace.
The DLPK Group currently employs more than 250 people at its offices in Roubaix and Paris, and has achieved sales of €150m by 2023.
It has €11.3 billion in savings assets (of which €8.5 billion in life insurance, €2.3 billion in securities accounts and €0.5 billion in discretionary management), and €1.17 billion in asset management assets.
About APRIL Group
APRIL is the leading wholesale broker in France with a network of 15,000 partner brokers. APRIL’s 2,400 staff members aim to offer their customers and partners – individuals, professionals and businesses – an outstanding experience combining the best of people and technology, in health and personal protection for individuals, professionals and VSEs, loan insurance, international health insurance (iPMI), property and casualty niche insurance and asset management. APRIL aspires to become a digital, omnichannel and agile operator, a champion of customer experience and leader in its markets, while committing to the societal responsibility issues set forth in its Oxygen approach.
The APRIL Group operates in 18 countries and recorded a turnover of €590 million in 2022.
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