Eurazeo PME finalizes its majority investment in EFESO Consulting, taking the reins from Argos Wityu
Paris, January 16th, 2019
EFESO Consulting, Eurazeo PME, and Argos Wityu announce today that Eurazeo PME, the subsidiary of Eurazeo making middle market investments, has finalized its majority investment in EFESO Consulting. Eurazeo PME succeeds Argos Wityu, who have accompanied EFESO Consulting since 2010. EFESO is a consulting firm specialized in operational agility and excellence, with a focus on manufacturing, and works on behalf of an international, corporate client base.
This investment will allow EFESO Consulting to accelerate its growth and reinforce the company’s positioning as the world-leading specialist in operational excellence consulting, particularly through accretive acquisitions and by deploying its renewed digital offering.
Eurazeo PME has invested €55 million, including equity and quasi-equity instruments, alongside the management team led by Co-CEOs Luca Lecchi and Bruno Machiels, and will hold an ownership stake of approximately 67% in EFESO.
About Argos Wityu
Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value ranging from €25M to €200M). Its majority ownership investments range between €10M and €100M.
With €1Bn under management, the group develops a unique investment strategy focusing on business transformation and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.
About Eurazeo PME
A subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs with a value of under €250 million. As a long-term professional shareholder, it provides its investments with all the financial, human and organizational resources necessary for long-term change, and supports those companies in its portfolio in implementing sustainable and therefore responsible growth. This commitment is formalized and deployed through a CSR (Corporate Social Responsibility) policy.
Eurazeo PME achieved a consolidated turnover of €1.1 billion in 2017 and supports the development of the following companies: 2RH, Dessange International, EFESO Consulting, Léon de Bruxelles, Péters Surgical, Redspher, the MK Direct Group, Orolia, Smile, In’Tech Medical and Vitaprotech. These companies are solidly established within their market and driven by experienced management teams.
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