Naxicap-backed GSM Consulting acquires Subventium
GSM Consulting has wholly acquired financial consulting firm Subventium, with the support of Naxicap Partners.
As part of the investment Naxicap also increased its stake in GSM Consulting. Naxicap invested €5.75m in the company in 2009 in return for a 24% stake.
Subventium specialises in financial advice for innovative businesses and benefits from a portfolio of 500 clients. The combined companies generate a turnover of $23m, offering a range of fiscal, social environmental and financial advice to French SMEs.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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