Following 25 years of privately-funded progress, Sia Companions has turned to the world of personal fairness to fast-track its future progress ambitions.
Launched in 1999 by the Frenchman Matthieu Courtecuisse, Sia Companions immediately has over 3,000 workers working from 50 workplaces in round 20 nations. The administration and know-how consulting agency serves over 1,000 purchasers in a variety of sectors, offering experience together with technique, organisation, finance, danger & compliance, gross sales & advertising, innovation, cyber, information, and digital transformation.
Having funded its natural progress and greater than 20 acquisitions from its personal reserves, Sia Companions has now opened up a contemporary avenue of funding with the arrival of Blackstone as a minority shareholder. Full particulars of the deal haven’t been disclosed, nonetheless, Sia Companions confirmed the non-public fairness group will inject to the tune of €250 million into the agency in return for a minority stake, with chief government Courtecuisse retaining a big majority stake.
“We’re thrilled that Blackstone is investing in our consulting agency as a minority associate. With Blackstone’s sources we are able to develop our natural choices, speed up our worldwide growth plans and develop our means to innovate, bringing our premium providing to extra purchasers all over the world,” stated Courtecuisse.
When it comes to choices, Sia Companions goals to ramp up its capabilities in high-demand areas similar to AI and information science, ESG and sustainability, innovation, and digital transformation.
From an growth perspective, Courtecuisse stated that the agency expects the consulting business to enter a “new part of consolidation”, in response to a convergence of tendencies impacting the market together with evolving consumer expectations, continued globalisation of engagements at multinationals, AI turning into a co-pilot to consultants, and the rising investments wanted to stay on the forefront of know-how developments.
With the funding from Blackstone, Sia Companions will probably be in a greater place to shut offers in areas that strategically strengthen its capabilities.
Investments can even purpose to develop the agency’s geographic footprint, which immediately closely leans on the French and US markets – collectively they characterize 40% and 30% respectively of the agency’s near €500 million income base. Past these two key markets, Sia Companions additionally has profitable practices within the UK & Eire, the Benelux, the Center East, Asia, and Australia, amongst others.
“Sia Companions is a fast-growing chief within the consulting area, benefitting from a differentiated service providing and deep experience throughout industries,” stated Lionel Assant, International Co-Chief Funding Officer at Blackstone, which has over $1.1 trillion in belongings beneath administration, making it the world’s largest different asset supervisor. “We look ahead to partnering with Sia Companions to drive long-term progress by leveraging our international footprint, scale and experience.”
The deal was led by J.P. Morgan, which acted because the unique monetary adviser to Sia Companions. Eight Advisory and Freshfields acted as advisors to Blackstone.
