mynth
← DATABASE
01/2026

CEDRUS & PARTNERS acquired by LA CARAC

FRANCE Wealth & Asset Management EV 20M - 50M EUR

Context

Carac entered into exclusive negotiations to acquire a majority stake of just under 70% in Cedrus & Partners. This transaction follows a highly competitive bidding process involving international private equity funds and wealth management consolidators, where Carac emerged victorious over finalists such as Corient and Anacap. The deal facilitates the complete exit of the firm's founders while allowing the current management team, led by the President and the CEO, to retain the remaining one-third of the capital by reinvesting their proceeds.

CEDRUS & PARTNERS, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.5x).

-> Deep-dive in Financial Services market trends

Target

A multi-family office and investment firm catering to ultra-wealthy families (minimum EUR100M net worth) and institutions. It specializes in private assets and alternative investments, managing EUR7B in assets under advisory.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

Similar deals in Wealth & Asset Management

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2026BAIN CAPITALPERPETUAL WEALTH MANAGEMENTAUSTRALIAWealth & Asset Management
02/2026NATWEST GROUPEVELYN PARTNERSUNITED KINGDOMWealth & Asset Management
01/2026Deutsche Börse GroupAllfunds GroupSPAINWealth & Asset Management
12/2025IK PARTNERSRHETORESFRANCEWealth & Asset Management
11/2025LA FRANCE MUTUALISTE / MALAKOFF HUMANISUNOFIFRANCEWealth & Asset Management
11/2025PERMIRAJTCUNITED KINGDOMWealth & Asset Management
10/2025PAI PARTNERSCYRUSFRANCEWealth & Asset Management
09/2025GROUPE VYVPATRIMMOFIFRANCEWealth & Asset Management
09/2025QUALIUMGROUPE ALLENFRANCEWealth & Asset Management
05/2025IK PARTNERSKestrel CapitalIRELANDWealth & Asset Management

REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CEDRUS & PARTNERS by LA CARAC are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: cedrus & partners