Naxicap's Stelliant to buy GM Consultant

The subsidiary of Stelliant, TGS will be merged with GM Consultant. Together the two business are expected to generated revenues of €50m and employ 400 people.

Naxicap backed Stelliant in 2016. Founded in 1987, the company employs 1,800 people and generates a turnover of €191m.

The transaction sees private equity firm Capital Croissance, which has held a 15% stake in GM Consultant for two years, exit the investment, according to French publication Capital Finance.

Company
Founded in 1999 and based in Vitrolles, GM Consultant is an insurance consulting firm that assists professionals in risk prevention and claims management. GM Consultant generated a turnover of €28m in 2018 and employs 320 people. The company has branches in Algeria, Belgium, China, France, Italy, Romania, Senegal, Singapore, the UK and the US.

People
GM Consultant – Laurent Mayet (founded).

Advisers
Company – Advance Capital (corporate finance); Gramond & Associés (legal).

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