Ardian backs Argon & Co

With Ardian's support, the company intends to consolidate its market position, and accelerate its international development and growth strategy.

The GP deployed capital from Ardian Growth II, which closed on €230m in April 2018, surpassing its initial €200m target. The fund targets both minority and majority acquisitions, providing equity tickets in the €5-25m range to businesses with a turnover of €5-100m, operating in the technology, media and telecommunications sectors.

In addition to the equity drawn down from the fund, LCL Banque provided a debt package to support this deal.

Company
Argon & Co is a management consultancy specialising in operational strategy, digital transformation, supply chains, procurement and shared services, serving a wide range of industries.

The company employs 270 staff across seven offices located in Paris, London, Abu Dhabi, Atlanta, Melbourne, Mumbai and Singapore. It generated revenues of around €50m in 2019.

People
Ardian – Geoffroy de La Grandière, Frédéric Quéru (directors).
Argon & Co – Yvan Salamon (CEO).

Advisers
Equity – McDermott Will & Emery (legal); KPMG (financial due diligence).
Company – Rothschild & Co (corporate finance); Paul Hastings (legal); Jeausserand Audouard (tax); Oderis (financial due diligence).

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• Topics
• Buyouts
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• Ardian (formerly Axa PE)
• France
• KPMG
• McDermott Will & Emery
• Rothschild
• Oderis Consulting