DECRYPTION – This Monday, the firm Crystal announces the takeover of a competitor, with the help of the Apax fund.
Investment funds are interested in the woolen stockings of the French. These players have for some time set their sights on wealth management firms (CGP) which advise individuals and business leaders on investments. And the takeovers of firms are multiplying. This Monday, the Crystal group (7 billion in assets under management) one of the champions of wealth management, supported by the French fund Apax Partners, got its hands on Financière du Capitole (650 million euros in assets ), a firm specializing in consulting for business leaders.
This is his eighteenth acquisition of a CGP firm, since the entry into the capital of Apax in 2021 (to which are added the purchase of the specialist in structured products Zenith and the fintech Quartzo). This rapid growth has placed the group on the podium of the largest French CGPs in less than two years. And it’s not over. “The vocation of the group is to reach 10 billion in outstandings within a year”
This article is for subscribers only. You have 80% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
Already subscribed? Login