Goldman Sachs Alternatives Takes Majority Stake in Crystal Group
May 6, 2024
The Private Equity business at Goldman Sachs Alternatives has agreed to become the majority shareholder in French wealth manager Crystal, alongside Crystal's management team led by Bruno Narchal and Jean-Maximilien Vancayezeele; Seven2 will remain a c.25% shareholder. Crystal, founded in 1992, manages around €22 billion AUM (pro forma for recent acquisitions) and said the investment will support growth in France and internationally, including significant investments in digital and AI. The transaction is subject to regulatory and antitrust approvals.
- Targets
- Crystal (Crystal group)
- Industry
- Wealth Management
- Location
- France
- Transaction Type
- Buyout
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