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Pemberton is looking to stay on as financier to French financial advisory company Astoria as its sponsor Naxicap prepares to exit, according to 9fin sources.

There’s staple financing on offer from Pemberton with net leverage of over 6x and a margin below 5%, sources noted.

Final offers from sponsors looking to acquire the business are expected in early October, the sources added.

Naxicap mandated Cambon Partners to advise on the sale process earlier this year, as previously reported by 9fin in April. The firm is being marketed off €50m EBITDA.

Pemberton has been the incumbent lender to Astoria since 2020, according to 9fin’s private credit database. In May 2025, the lender provided a €340m senior secured loan levered at 4.4x, our data shows.

Pemberton first refinanced the firm’s debt to support future add-on acquisitions of Les Boutiques de l’Epargne and Epargne & Finance, according to a press release.

Founded in 2002, Astoria is a wealth manager for individuals and enterprises, supporting over 100,000 customers through its 21 regional offices, according to its website.

Pemberton declined to comment. Naxicap, Astoria, and Cambon Partners did not return requests for comment.