Paris, November 19th, 2018 : EFESO Consulting, Eurazeo PME and Argos Wityu announce the signing of an agreement for the acquisition of EFESO Consulting by Eurazeo PME, alongside management – Eurazeo PME will hold approximately 70% of the capital. The transaction is expected to close in January 2019, after the release from suspensive conditions and approval from competition authorities. Eurazeo PME’s investment will total approximately €56M, including equity and quasi-equity instruments.
The shared ambition of Eurazeo PME and the management team is to accelerate the growth of EFESO Consulting by reinforcing the company’s positioning as the world-leading specialist in operational excellence consulting, particularly through accretive acquisitions and by deploying its renewed digital offering. For the execution of this strategy, EFESO Consulting will have full access to Eurazeo PME’s international network, which includes Eurazeo’s offices in the US, China, and Brazil; international partnerships, most notably in Germany; and corporate functions (including for acquisition integration, digital, Corporate and Social Responsibility).
Luca Lecchi and Bruno Machiels will become Co-CEOs of EFESO Consulting. Filippo Mantegazza, Founder and President who has led the Group for thirty years, will continue to actively accompany EFESO Consulting and will become a member of the supervisory board.
Merged with Solving International in 2007, EFESO Consulting is a consulting firm addressinoperational agility and excellence, with an international, blue-chip customer base. The strong industrial expertise and seniority of the Group’s 400 consultants, based in 17 offices globally, make EFESO Consulting a player of reference within operational excellence consulting. Its clients include more than 50 Fortune 500 companies within a wide range of sectors, who have longstanding customer relationships. The company has a strong global presence: over 80% of 2017 sales outside of France and EFESO Consulting operates in 4 countries per client on average. With 2017 revenue of €71M, EFESO Consulting has successfully integrated seven acquisitions over the past six years, which has allowed the group to solidify its positioning most notably in Italy, the Netherlands, Egypt, India, Belgium, and Ireland, as well as adding competencies in new adjacencies and subsectors.