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.

Buyers
Goldman Sachs Alternatives (Private Equity business at Goldman Sachs)
Targets
Crystal (Crystal group)
Location
France
Transaction Type
Buyout

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