Context

La France Mutualiste, supported by the Malakoff Humanis group, formalised the acquisition of a combined 85% stake in UNOFI, with La France Mutualiste holding 51% and Holding Malakoff Humanis holding 34%. The Conseil Supérieur du Notariat retains a 15% minority stake through Financière Thémis, preserving the alignment between UNOFI and the notarial profession. The transaction succeeds two historical shareholders — AXA France and the Burrus group — following a process initiated in July 2025. The alliance is designed to combine UNOFI's unique distribution network and notarial expertise with La France Mutualiste and Malakoff Humanis's financial strength and product capabilities, enabling the development of new savings solutions and tools for notaries and their clients while preserving UNOFI's operational autonomy and deontological model.

Target

UNOFI is a French life insurance and individual savings specialist founded in 1988, exclusively dedicated to notaries and their clients. The company offers a broad range of life insurance solutions and wealth management services through a privileged distribution network built around French notarial offices (offices notariaux), making it a unique and highly differentiated player in the French savings market. The company's model is deeply intertwined with the ethical standards and impartiality requirements of the notarial profession, which constitutes both a competitive moat and a defining characteristic of its positioning.