Private equity firm PAI Partners is in exclusive negotiations to acquire a majority stake in the Cyrus Group, a France-based wealth management firm, through a strategic partnership with the Cyrus management team. The management team would reinvest significantly as part of the transaction.
Cyrus has over €20bn in assets under management and a customer base of more than 30,000 institutional and private clients.
The support from PAI aims to drive organic growth, increase product distribution and further build its platform through targeted consolidation opportunities across France and Europe.
The wealth management market continues to experience sustained growth driven by the internationalisation of its clients, their increasingly sophisticated needs and the search for comprehensive support. Cyprus is looking to build a model based on the diversity of integrated expertise and a tailored, client-centric approach.
