
Investment date:
7/1/2020
-
State:
Exited
Strategy:
Florac Mid-Market Europe
Country: United States
France
Founded in 1995, Herez is a leading independent provider of wealth management services in France. In July 2020, Florac took a minority stake in the business alongside its founders to support the growth of the Company and its core obsession with best-in-class customer service. During Florac’s hold period, the Company completed 18 acquisitions and tripled its size via geographic expansion, the entry into new customer segments, and the launch of new service offerings. In April 2024, Herez merged with Cyrus to form the leading player in private wealth management in France (more than 500 employees and €16 billion in assets under management).
https://www.herez.fr/