![\"CREDIT](\"https:\/\/www.europesays.com\/france\/wp-content\/uploads\/2026\/05\/1779376611_41_8a7a4502ba4ea01b4fb13ded699f6f89.png\")
CREDIT AGRICOLE SA <\/p>\n CREDIT AGRICOLE SA <\/p>\n
Press release<\/p>\n
Villejuif, Paris, 30 April 2026<\/p>\n
LCL and Cr\u00e9dit Agricole Assurances
finalise the acquisition of Milleis Group
and strengthen their wealth management strategy<\/p>\n
LCL and Cr\u00e9dit Agricole Assurances today finalised the joint acquisition of Milleis Group from the investment fund AnaCap, thus marking the success of the project announced on July 24th 2025. LCL’s acquisition of the entire Milleis Group, comprising Milleis Banque and its subsidiaries Milleis Vie, Cholet Dupont Oudart and Cholet Dupont Asset Management, was immediately followed by LCL’s sale of the insurance company Milleis Vie to Cr\u00e9dit Agricole Assurances.<\/p>\n
The acquisition of Milleis Group, France’s third-largest independent private bank, with 64,000 client families and 13 billion euros in assets under management, is fully in line with Cr\u00e9dit Agricole S.A.’s medium-term strategic plan ACT 2028 and illustrates the development ambitions of LCL and Cr\u00e9dit Agricole Assurances within the wealth management client segment.<\/p>\n
Bolstered by the addition of Milleis, whose brands and distribution network will be preserved, LCL positions itself to achieve 100 billion euros in assets under management in private banking by 2030.<\/p>\n
Meanwhile, Cr\u00e9dit Agricole Assurances reinforces the market position of its subsidiary Spirica in the premium segment and expands its distribution channels through the integration of Milleis Vie.<\/p>\n
In line with Cr\u00e9dit Agricole S.A.’s return on investment objectives, this transaction has a limited impact on the CET1 ratio of Cr\u00e9dit Agricole S.A., the parent company of Cr\u00e9dit Agricole Assurances and LCL.<\/p>\n
\u201cThis acquisition enables LCL to strengthen its position in the wealth management client market in France. This transaction makes perfect sense: it is fully consistent with the objectives of Cr\u00e9dit Agricole S.A.’s medium-term strategic plan, ACT 2028, and illustrates our shared ambition for growth and value creation. I welcome the 700 employees of Milleis Group who are joining us. Together, we will offer our clients an increasingly broad and innovative range of wealth management expertise and solutions.\u201d Serge Magdeleine, Chief Executive Officer of LCL<\/p>\n
\u201cWith the acquisition of Milleis Vie, Cr\u00e9dit Agricole Assurances continues its life insurance development strategy for the wealth management client segment. This transaction is fully in line with the growth and value creation trajectory driven by ACT 2028, Cr\u00e9dit Agricole S.A.’s strategic plan. Cr\u00e9dit Agricole Assurances will leverage Spirica’s expertise and the complementarity of its savings and retirement solutions to support Milleis Group’s clients over the long term.\u201d Nicolas Denis, Chief Executive Officer of Cr\u00e9dit Agricole Assurances<\/p>\n
Story Continues <\/p>\n
\u201cNow part of LCL, Milleis will accelerate its development and continue to capitalise on its wealth management culture, its agility and the quality of its client relationships.\u201d Nicolas Hubert, Chief Executive Officer of Milleis Banque<\/p>\n
\u201cWe are pleased to announce the completion of the sale of the Milleis Group following receipt of all regulatory approvals. During our partnership, Milleis grew to 13 billion euros in assets under management, becoming the third-largest independent private bank in France, supported by a highly talented team. We wish the Milleis Group, its employees, LCL and Cr\u00e9dit Agricole Assurances every success in the next phase of its growth.\u201d Nassim Cherchali, Managing Partner at AnaCap.<\/p>\n
About Cr\u00e9dit Agricole Assurances<\/p>\n
Cr\u00e9dit Agricole Assurances, France\u2019s leading insurer, is Cr\u00e9dit Agricole Group\u2019s subsidiary, which brings together all the insurance businesses of Cr\u00e9dit Agricole S.A. Cr\u00e9dit Agricole Assurances offers a range of products and services in savings, retirement, health, personal protection and property insurance. They are distributed by Cr\u00e9dit Agricole\u2019s banks in France and in 9 countries worldwide, and are aimed at individual, professional, agricultural and business customers. Spirica is Cr\u00e9dit Agricole Assurances\u2019 high-end life insurance subsidiary, dedicated to online distribution as well as distribution through networks of IFAs and private banks. At the end of 2025, Cr\u00e9dit Agricole Assurances had more than 7,100 employees. Its 2025 premium income (non-GAAP) amounted to 52.4 billion euros. About LCL<\/p>\n A subsidiary of Cr\u00e9dit Agricole S.A., LCL banque urbaine is one of the largest retail banks in France. Customer satisfaction is LCL\u2019s top priority, and it aims to be the n\u00b01 bank in terms of satisfaction. Combining human and digital approaches, LCL offers its 6 million individual clients, of which 220,000 private banking clients, 400,000 professionals and 31,000 corporates and institutions, an omnichannel relationship through its 1,400 branches located in the heart of towns, its remote customer service centers \u00ab LCL Mon Contact \u00bb with 400 advisors available by phone, and its websites and apps, including the highly rated \u00ab LCL Mes Comptes \u00bb. With a comprehensive range of banking, insurance, and non-banking solutions, LCL supports its clients on a daily basis and in their life projects. True to its urban banking strategy, LCL is also committed to supporting clients who want to take part in the fight against climate change. About Milleis Group<\/p>\n Milleis Group comprises Milleis Banque Priv\u00e9e, Cholet Dupont Oudart and Cholet Dupont Asset Management. About AnaCap<\/p>\n AnaCap is a market-leading partner for founders and entrepreneurial management teams, investing in lower mid-market Services, Software and Technology within the European financial ecosystem.\u00a0 Press Contacts<\/p>\n LCL & Cr\u00e9dit Agricole S.A. <\/p>\n Alexandre Barat +33 6 19 73 60 28
www.ca-assurances.com<\/a><\/p>\n
www.lcl.fr<\/a><\/p>\n
With 50 locations across France, Milleis serves 64,000 families, whose assets entrusted to it represent nearly 13 billion euros. Milleis offers its wealth management clients a range of products and solutions tailored to their needs and selected from leading partners in the market.
https:\/\/www.milleis.fr<\/a><\/p>\n
Since 2016, the firm has grown AUM to over \u20ac2bn, successfully executing over 100 deals including add-on acquisitions, across Western and Northern Europe.\u00a0
AnaCap\u2019s focus is on lower mid-market buyouts, management buy-in or buy-outs of businesses in need of capital, expertise and sophistication to execute organic and inorganic strategies.
www.anacap.com<\/a><\/p>\n
Elodie Bossuyt<\/p>\n
+33 6 81 22 97 77<\/p>\n