• Transactions
  • M&A / Private Equity
  • The 25 April 2023

Yards advises the partners of Nalo in the context of the acquisition of a majority stake by APICIL


The law firm Yards advised the partners of Nalo, the leading French online financial advisor, in the context of the acquisition of a 90% stake in its capital by the APICIL group. This new shareholder will allow Nalo to accelerate its development and to become a key player in the digital savings market.

The APICIL Group, France’s 3rd largest social protection group, becomes Nalo’s new majority shareholder.

This new financing allows Nalo, a French fintech advisory and automated wealth management company launched in 2018, to be supported in the development of its activities and the growth of its assets under management, while maintaining its independence. It follows the two fundraisings completed in 2018 and 2020.

As part of this strategic operation, Nalo will focus on maintaining its full structural and operational autonomy while pursuing its mission: to enable all individuals to invest simply to finance all their life projects.

The Yards Avocats team was composed of Jean-Philippe Jacob and Maud Gendron.



Jean-Philippe Jacob

Attorney, Partner
Jean-Philippe Jacob

Maud Gendron

Attorney, Counsel
Maud Gendron