Groupe Crystal specialized in consulting and distribution of global wealth solutions announces the acquisition of Expert & Finance.
The goal is clear: to become the benchmark brand of the wealth management market and independent investment advice within five years. An achievable ambition thanks to a 34% state of the OFI group in Groupe Crystal’s capital.
« Given the constant changes in the market, the fundamental challenge is to rely on three levers of growth: a differentiating value proposition, the quest for critical size and digital at the heart of the system. The acquisition of Expert & Finance is a real opportunity for us and promises a bright future for the Group. We will be able to quickly propose a range of efficient solutions with high added values. » explains Bruno Narchal, President of Groupe Crystal.
Towards an alchemy of know-how
The Groupe Crystal expands its skills and know-how by acquiring Expert & Finance. For 30 years, the wealth management consulting firm partner of the accounting profession has been advising business leaders and the professions in the management of their assets. The new group combines multidisciplinary skills recognized in all business expertise: wealth engineering, insurance, social protection, real estate, credit … and allows to address all customers in France and abroad.
With this acquisition, the Group Crystal becomes a key player in wealth management with the goal of 5 years to double its assets and set up a multi-channel heritage hub in 5 years.
OFI as a development accelerator
Founded in 1971, OFI Asset Management is one of the largest French asset management companies in terms of outstandings managed with € 68 billion in assets under management at the end of September 2016. OFI is developing expertise in both collective and underwriting management in traded and untraded assets and offers a range of solutions and services adapted to the needs of a multiple clientele.
The OFI Group, wishing to increase its presence in the retail market, has decided to contribute to the development of the Groupe Crystal, by acquiring a 34% stake in the capital, which completes the acquisition of La Française while preserving the Group’s independence.
As part of this transaction, Groupe Crystal was advised by Largillière Finance.
About Groupe Crystal (www.groupe-crystal.com)
Leader in the consulting and distribution of wealth management solutions in France and abroad, the Groupe Crystal step in all skills and statuses of the business, including insurance brokerage, financial investment consulting, real estate transactions, brokerage and legal expertise appropriate to its activity.
Today Groupe Crystal has more than 35,000 customers of which 5,000 are abroad, 220 employees, 490 partners in the accounting profession and 300 professional legacy partners.
About Groupe OFI (www.ofi-am.com)
Founded in 1971, OFI Asset Management is one of the largest French asset management companies in terms of outstandings managed with € 68 billion in assets under management at the end of March 2017.
The Group has developed expertise in both collective and mandated management, on listed and unlisted assets, in order to offer a range of solutions and services adapted to the needs of a diversified clientele.
Committed to the development of responsible finance, OFI Asset Management is one of the SRI leaders in the French asset management market. The Group has a historical anchor in the social economy. Its main partners and shareholders are mutual members of FFA and FNMF, and in particular Macif and Matmut.
About Largillière Finance (www.largilliere-finance.com)
Based in Paris and Brussels, Largillière Finance is an independent consulting company specialized in assisting executives and shareholders of ETI and SMEs in their corporate finance transactions: corporate disposals and acquisitions, financing (capital and debt), financial engineering (valuation, etc.) and financial strategy.
Since 2005, the firm has conducted numerous mergers and acquisitions and also offers strategic coaching services to groups and executives.
Buyer Advisor for financing: Largillière Finance – Paul Bougnoux