PURE CAPITAL acquired by CRYSTAL

Crystal agreed to acquire the wealth management activities of Pure Capital and to merge them with Qualion Finance, the wealth management firm founded in 2007 that had joined the group in April 2026, forming a single entity. Pure Capital’s third-party fund management business was excluded from the perimeter and was to continue independently under a new brand, led by founding partner Bernard Pons, who also joined Crystal’s partnership without operational responsibilities in the new business. The four other founding partners, Thierry Léonard, Frédéric Venditti, Patrick Vander Eecken and Guy Pourveur, took a stake in Crystal’s capital and were to hold leading positions in the governance of the combined entity. Pure Capital generated revenue of €5–25M and brought 2.5 billion euros of assets under management and 52 relationship managers, against 1.7 billion euros and 17 managers for Qualion Finance, giving the new Luxembourg platform 4.2 billion euros and 69 managers. Together with Crystal’s Luxembourg life insurance brokerage, the group reached 5.2 billion euros under management in Luxembourg and Belgium, serving more than 3,000 families, mostly Belgian, with discretionary management, investment advice, life insurance and family office services. It was Crystal’s 42nd acquisition since 2021. Completion remained subject to regulatory approval and was expected in early 2027. EY Luxembourg advised Crystal on the financial side, with A&O Shearman as legal counsel, while Deloitte Luxembourg and Stibbe advised Pure Capital.