Olifan Group Partners with Seven2 for Strategic Growth
Deal News | Nov 25, 2024 | Amboise Partners SA
Olifan Group, a leading player in independent wealth management advisory, has announced a strategic partnership with Seven2. Through this partnership facilitated by the Apax Development Fund II, Seven2 takes a majority stake in Olifan Group, marking a significant shift in the group’s capital structure. Founded through the merging of 15 independent wealth management firms, Olifan Group now stands prominent in France with 150 staff across 16 offices serving over 10,000 clients. The group manages over €2 billion in advised assets and ranks among the top 15 wealth management specialists in the country. The investment from Seven2 aims to further Olifan Group's organic and external growth strategies. After successfully acquiring Verney and three client portfolios in Occitanie, the group continues its aim to become a key market consolidator. This transaction also allows the exit of BlackFin Capital Partners as a minority shareholder since 2021 while ensuring the continuity of Olifan Group’s management team. The deal awaits approval from the French financial regulator, AMF. Seven2's investment underscores its alignment with Olifan Group's vision and long-term goals, with substantial investment participation from about 80 Olifan collaborators.
Sectors
- Wealth Management
- Private Equity
- Financial Services
Geography
- France – Olifan Group operates predominantly within France, providing wealth management services.
Industry
- Wealth Management – The article primarily discusses Olifan Group, a firm specializing in wealth management advisory services.
- Private Equity – Seven2’s acquisition of a stake in Olifan Group is facilitated through a private equity investment.
- Financial Services – The activities and expertise of both Seven2 and Olifan Group are embedded within the broader financial services sector.
Financials
- €2 billion – The total assets under advisement managed by Olifan Group.
- Not disclosed – The financial terms of the investment by Seven2.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Olifan Group | Target Company | Company | A leading French advisory in wealth management, targeted for a majority stake acquisition by Seven2. |
| Seven2 | Bidding Company | Company | A private equity firm acquiring a majority stake in Olifan Group via the Apax Development Fund II. |
| BlackFin Capital Partners | Selling Company | Company | A minority shareholder of Olifan Group, exiting as part of the transaction. |
| Apax Development Fund II | Investment Fund | Fund | A fund managed by Seven2, used for acquiring the majority stake in Olifan Group. |
| Hein Donders | President | Person | The President of Olifan Group, leading the company's growth strategy. |
| Natixis Partners | M&A Advisor | Company | M&A advisory services for the buyer, Seven2. |
| PwC | Due Diligence | Company | Provider of financial, regulatory, commercial, and IT due diligence services. |
| Moncey Avocats | Legal Advisors | Company | Legal advisors for corporate, financing, tax, and social due diligence for Seven2. |
| Gide | Legal Advisors | Company | Legal advisors for BlackFin Capital Partners, and for the issuance of debt. |
| WTW | Insurance Due Diligence | Company | Conducted due diligence in insurance for the transaction. |
| Newco Corporate Finance | M&A Advisor | Company | Provided M&A advisory services for the sellers. |
| Poyac Avocats | Legal Advisors | Company | Provided legal advice for the Olifan Group's managers. |
| Ares Management | Lender | Company | Provided debt facilities for the transaction. |