The independent financial group GVC Gaesco has formalized the integration of Sandman Partners, marking a new phase of growth focused on strengthening its Family Office and Wealth Management divisions.
Based in Barcelona and composed of a team of nine professionals, Sandman Partners is an investment management firm that has been offering independent advisory services since 2012. The firm provides multi-custody asset services with access to both domestic and international banks, and manages both traditional and alternative assets, with a strong focus on private equity. Since 2020, it has managed FCRs (closed-end funds) and SCRs (risk capital companies).
The transaction, which is subject to the necessary regulatory approvals, has been structured as a mixed deal involving a share exchange and a cash payment. As part of the agreement, Cristina Marsal, founding partner and CEO of Sandman Partners SGEIC, will become a shareholder of GVC Gaesco Holding and will lead the Sandman Multi Family Office division.
Maria Àngels Vallvé i Ribera, Executive Chair and Founder of GVC Gaesco Group, stated:
“Thanks to this new acquisition, we will enhance our offering and management capabilities for clients with assets starting at €10 million, further strengthening our range of services for investors of all profiles.”
She added: “We are also adding talent in the area of international private equity fund selection, creation of FCRs and SCRs, and consulting in these types of alternative assets.”
Cristina Marsal, founding partner and CEO of Sandman Partners, emphasized:
“The time has come to join one of the country’s leading financial groups—independent and family-owned—with offices in Barcelona and Madrid, to continue offering the best service while preserving our independent and client-centered spirit, with values rooted in service, care, high standards, and a commitment to finding the best investment solutions for high-net-worth individuals.”
A new phase of organic growth
The integration of Sandman Partners follows the recently announced merger with Diagonal Asset Management, reinforcing a new phase of expansion for GVC Gaesco as it builds a comprehensive, interdisciplinary, and highly personalized service offering.
With the addition of Sandman Partners and Diagonal Asset Management—both pending approval by the CNMV (Spain’s financial markets regulator)—GVC Gaesco will reach €5.7 billion in assets under management and administration, consolidating its position as a reference in the independent financial advisory sector.
With an enhanced value proposition focused on a multi-custody business model and a renewed growth strategy, the group aims to reach €10 billion in assets under management within the next three years. To achieve this, it will prioritize both technology investment and human capital.
About Sandman Partners
Sandman is an entity regulated by the CNMV. It was founded as an EAFi (financial advisory firm) in 2012 and created its closed-end investment management firm (SGEIC) in 2020. The name "Sandman" is inspired by the Nordic folklore figure who opens his umbrella at night so people can fall asleep peacefully. This figure inspired founder Cristina Marsal, who aims to bring peace of mind to her clients and investors through long-term, carefully managed wealth strategies.
Today, Sandman remains specialized in independent, tailor-made advisory services, asset allocation, and private equity for high-net-worth individuals. It manages FCRs and SCRs, and in the Wealth division, operates with multi-custody across major banks in Spain, Luxembourg, Switzerland, and Singapore.
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