Milleis Acquired | Financial Services M&A Deal

LCL and Crédit Agricole Assurances have acquired Milleis, a French private banking business, in a strategic acquisition divestiture acquisition deal. Milleis acquisition includes Milleis Banque and subsidiaries Milleis Vie, Cholet Dupont Oudart, Cholet Dupont Asset Management, expanding wealth management and private banking services in France. The banking acquisition strengthens financial services M&A capabilities for LCL and Crédit Agricole Assurances by adding client assets, advisory offerings, and regional distribution. Announced as a divestiture acquisition, the strategic acquisition is led by strategic buyers rather than private equity, with deal size undisclosed and closing terms not publicly specified.