BlackFin acquires minority stake in Groupe Cyrus

BlackFin's investment replaced the capital provided by UI Gestion, which acquired a 30% stake for €3.3m in July 2008.

The firm's management and partners have invested alongside BlackFin.

Company
Cyrus is a French asset and wealth management firm, advising high-net-worth individuals and families on investments. Its services focus on wealth management, real estate and asset management. The firm manages €1.7bn in assets for 2,300 families. Cyrus operates eight offices across France and is headquartered in Paris.

People
Managing director Bruno Rostain led the deal on behalf of BlackFin. Meyer Azogui led the management team.

Advisers
Equity - Gide Loyrette Nouel, Pierre Karpik (Legal); GT Societe D'Avocats, Stéphany Brevost (Tax); Grant Thornton TAS, Emmanuel Riou, Pascal Pellaudin (Financial due diligence).
Vendor - TAJ Avocats, Benoît Dambre, Laurent Schwab (Tax); Deloitte, Philippe Serzec, Tobias Afadjigla (Financial due diligence); Everlaw, Ran Hamou (Legal).

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• Gide Loyrette Nouel