De Pardieu is advising LCL on the proposed acquisition of the Milleis Group. LCL and Crédit Agricole Assurances have entered into exclusive negotiations with AnaCap, a private equity fund investing in the European mid-market segment, with a view to acquiring the Milleis Group, a long-standing independent player in private banking and wealth management in France. In connection with this transaction, it is contemplated that Crédit Agricole Assurances will acquire Milleis Vie – the Milleis Group’s insurance subsidiary – from LCL.
The project will be subject to the consultation of the staff representative bodies of the various entities concerned in view of a potential completion of the transaction in the first half of 2026. It would also remain subject to the usual conditions precedent, including obtaining the regulatory approvals.