PAI Partners, a global private equity firm, has entered exclusive negotiations to buy a majority stake in Cyrus Group, an independent wealth management brand in France.
This strategic partnership will involve significant reinvestment by the Cyrus management team and aims to enhance Cyrus’s growth and market presence.
Cyrus Group manages over €20bn in assets and serves more than 30,000 institutional and private clients.
The partnership with PAI Partners is expected to drive sustainable organic growth and expand product distribution.
The wealth management market is experiencing growth due to clients’ internationalisation and sophisticated needs. Cyrus aims to advance its growth strategy with a comprehensive model based on integrated expertise and a client-centric approach.
PAI’s support will help Cyrus pursue consolidation opportunities in France and Europe.
Cyrus Group co-presidents Meyer Azogui and Patrick Ganansia said: “This transaction is part of a clear ambition: to profoundly transform the private banking and wealth management market.
“With our project to partner with PAI, we are affirming our commitment to creating a strong brand and establishing Cyrus in the wealth management landscape through a new “non-banking” segment. Cyrus is entering a new phase of consolidation in the accelerating private wealth management market and the convergence of wealth management with family offices.”
PAI co-managing partner Frédéric Stévenin and partner Guillaume Leblanc said: “Cyrus has established itself as the leading independent wealth management brand in France.
“We are delighted by our project to partner with Meyer Azogui, Patrick Ganansia and the management team to pursue sustainable organic growth, establish Cyrus as the leading brand in the market, and strengthen the platform through targeted consolidation opportunities in France and Europe.
“This proposed acquisition illustrates PAI’s strategy of partnering with fast-growing companies in the Real Economy.”
The transaction, subject to regulatory approvals, is expected to close in the second quarter of 2026.
Bridgepoint, a minority shareholder in Cyrus since 2020, will sell its stake as part of this transaction.
During its partnership, Cyrus’s assets under management grew from €4bn to over €20bn.
