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A&O Shearman advised Goldman Sachs Alternatives on its majority stake acquisition in Crystal

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Published Date

Nov 20 2024

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A&O Shearman has advised the Private Equity division of Goldman Sachs Alternatives on its acquisition of a majority stake in Groupe Crystal, a leading wealth management firm in France, alongside the management team and Seven2, which retains approximately 25% ownership.

Founded in 1992, Crystal is one of France's foremost independent providers of wealth management services and products, managing nearly EUR22 billion in assets. The company offers a comprehensive range of wealth management solutions to both French and international clients.

This transaction, completed on October 31, 2024, following customary regulatory approvals, marks a significant milestone for Groupe Crystal as it aims to accelerate its growth trajectory both in France and internationally.

"We are delighted to have assisted the Private Equity division of Goldman Sachs Alternatives on the regulatory aspects of this complex transaction involving multiple jurisdictions as well as a multitude of stakeholders."

Brice Henry

Partner

The A&O Shearman team was led by partner Brice Henry, with senior associates Pauline Robin and Alexandra Morançais and associate Marina Valdez on French financial regulatory and asset management aspects, as well as Luxembourg partner Paul Peporte, counsel Helena Finn and associate Céline Sharp on Luxembourg insurance regulatory aspects.