Deals
Chanel Owners Among Wealthy Taking Rothschild Bank Private
- Dassault, Peugeot, Wertheimer families investing in bank
- Maurel, Giuliani families also taking part in Rothschild deal
A family crest outside the Rothschild & Co. offices in London.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Three of France’s wealthiest dynasties including the owners of luxury giant Chanel are investing in Rothschild & Co. to help take the eponymous French bank private.
The Dassault, Peugeot and Wertheimer families, along with Giammaria Giuliani of Italy, will back the offer by the Rothschilds’ holding company Concordia of €48.0 per share, reflecting a valuation of about €3.7 billion for the historic firm, according to a statement Monday. They’ll also be joined by the Maurel family, shareholders in the bank stemming from its previous merger with their wealth management company, and other members of the Rothschild clan.