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 premium to the 14.0x average currently observed in the Financial Services sector.

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