Announced
Financials
Sources
Tags
asset management
France
Asset Managers and Custodians
Single Bidder
Acquisition
Cross Border
Private
Disposal
Pending
Majority
Private Equity
Friendly
Synopsis
Goldman Sachs Alternatives, the alternative investments platform is part of Goldman Sachs, agreed to acquire a 75% stake in Crystal, an independent wealth management services and product provider, from Seven2, a private equity firm in Paris, France. Financial terms were not disclosed. "Crystal is an exceptional company within the attractive wealth management advice and distribution sector. We are confident GS Alternatives as a partner and investor can help further accelerate Crystal’s growth trajectory," Michele Titi-Cappelli, Goldman Sachs Alternatives Partner.
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