Apax France to buy Groupe Crystal

The GP will invest in the company via Apax France X, a buyout fund launched in 2019 with a hard-cap of €1.4bn. The fund has raised €1.2bn so far.

Apax will buy a majority stake, while Crystal president Bruno Narchal and managing director Jean-Maximilien Vancayezeele will keep a minority stake. Asset management firm Groupe OFI will also retain its minority holding.

Company
Established in 1992 and based in Montpellier, Crystal is an asset management consultancy specialising in a wide range of services, including investment advisory, fund structuring, insurance brokerage and real estate consulting.

The company employs 300 staff across 29 offices located in France and abroad, and serves 43,800 customers, including 5,000 outside France. It manages assets worth around €8bn.

People
Apax Partners – Eddie Misrahi (CEO).
Groupe Crystal – Bruno Narchal (president); Jean-Maximilien Vancayezeele (managing director).

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