BlackFin Capital Partners exits Cyrus

A unitranche package was provided by Ardian to back the deal and to support the company's acquisition strategy. A spokesperson for Ardian confirmed that Ardian Private Debt III was used for the transaction; the vehicle closed on €2bn in 2015, according to Unquote Data.

BlackFin Capital Partners secured a minority stake in the MBO of Cyrus in 2008. BlackFin's investment replaced the capital provided by UI Gestion, which acquired a 30% stake for €3.3m in July 2008.

Since its inception, Cyrus has been majority-owned by its employees.  

Company
Founded in 1989, Cyrus conseil is an independent wealth management advisory firm with €3.4bn in AUM, specialising in wealth strategy and investment consulting. The group operates an asset management business (Invest AM) and a property consulting business (Eternam).

Headquartered in Paris, Cyrus has a workforce of 175, including 60 financial advisers, with 13 offices in France and one in Israel.

People
Ardian – Guillaume Chinardet (head of private debt France).
Cyrus Conseil – Meyer Azogui (CEO).

Advisers
Equity – Willkie Farr & Gallagher,  Paul Lombard, Ralph Unger (legal).
Company – Cambon Partners, David Salabi, Guillaume Eymar, Vincent Ruffat (corporate finance); Jeausserand Audouard,  Jeremie Jeausserand, Marie-Paule Noel, Erwan Bordet, Pascal Gour (legal).

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• Topics
• Exits
• France
• Financials
• France
• Ardian (formerly Axa PE)