At what enterprise value was CRYSTAL acquired in 2024?

During the acquisition of CRYSTAL by GOLDMAN SACHS in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 13.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CRYSTAL when it was acquired by GOLDMAN SACHS?

The estimated EV/EBITDA multiple for CRYSTAL is in the range of 15x - 25x. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 13.1x. Join our community for free to access full valuation data and industry trends.

When was CRYSTAL acquired by GOLDMAN SACHS?

CRYSTAL was acquired by GOLDMAN SACHS in 2024.

What was the revenue of CRYSTAL at the time of the deal?

The revenue of CRYSTAL at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CRYSTAL during the acquisition?

CRYSTAL's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CRYSTAL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CRYSTAL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals/lbo/lbo-goldman-sachs-valorise-crystal-920meur-2093609

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Home Database Financial ServicesCRYSTAL

05/2024

CRYSTAL acquired by GOLDMAN SACHS

FRANCE Wealth & Asset Management EV 500M - 1.5b EUR

Context

Crystal, a dominant player in the French wealth management and private banking sector, has announced that Goldman Sachs Alternatives, via its Private Equity team, has acquired a majority stake in the group. This high-profile transaction marks a new scaling phase for Crystal, with Seven2 (formerly Apax Partners) reinvesting to maintain a 25% stake alongside the management team.

CRYSTAL, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (13.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Financial Services market trends

Target

Crystal operates as an independent wealth management firm specializing in the provision of bespoke financial advisory, asset allocation, and wealth structuring services. The company's corporate business model focuses on generating recurring fee-based and commission-based revenues through the long-term management of private investment portfolios. The organization strategically targets two primary premium client demographics: high-net-worth individuals (HNWIs) within the domestic French market and French expatriates distributed globally across international jurisdictions.

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2023

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09/2023	BLACKSTONE	GROUPE PREMIUM	FRANCE	Wealth & Asset Management	Groupe Premium, a French leader in wealth management and insurance solutions, has secured a strategic investment from Blackstone via its Tactical Opportunities fund. Existing shareholders Eurazeo and Montefiore remain committed to the group, with Eurazeo retaining its majority position
02/2022	ACTIVA CAPITAL	RHETORES	FRANCE	Wealth & Asset Management	The investment by Activa Capital in Rhétorès Finance, coupled with the simultaneous acquisition of Cap Fidélis, marks the launch of a new consolidation platform in the French wealth management (CGP) sector
01/2022	ASTORG / ALPINVEST / GOLDMAN SACHS	IQ-EQ	LUXEMBOURG	Wealth & Asset Management	Astorg has successfully closed a €1.3bn dedicated continuation vehicle to acquire absolute majority control of IQ-EQ from its Fund V, marking the firm's first-ever continuation fund transaction. Following a heavily oversubscribed process managed by Lazard as exclusive financial advisor, Astorg secured a partnership with AlpInvest and Goldman Sachs Asset Management to lead this next development phase
08/2021	ANDERA PARTNERS	PATRIMMOFI	FRANCE	Wealth & Asset Management	Andera Partners, a leading European private equity firm, has acquired a minority stake in Patrimmofi, a rapidly growing French private wealth advisory group. The transaction, completed in 2021, was carried out through Andera�s Expansion team (small-to-mid-cap fund) and marks a new phase of institutional backing for the firm, which was spun off from Primonial in 2016
03/2021	EURAZEO	GROUPE PREMIUM	FRANCE	Wealth & Asset Management	Eurazeo PME entered into exclusive negotiations to acquire control of Groupe Premium from Montefiore Investment. The transaction is characterized by an exceptionally strong management alignment: the team reinvested significantly (ticket of ~EUR80m) to retain 49% of the capital

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: goldman sachs