Ardian Growth, Naxicap Partners and Apax Partners Development today announce the sale of their minority stake in Consort NT, a leading digital services company. Following an ownership buyout transaction, the management team, led by Jason Guez, President and majority shareholder of Consort NT, will now be the sole holders of the company.
Founded in 1992, Consort NT is one of France's leading digital services companies, specializing in data and digital infrastructure. The company designs, operates and maintains technological solutions addressing its customers' businesses, computing and storage capacities and interactions with banks, insurance companies and telecom operators.
Ardian Growth, Naxicap Partners and Apax Partners Development supported the company in its organic and external growth strategy. The first step was to strengthen the management team through organizational optimization. Consort NT was then able to cement its market position by developing a dedicated "Applications" branch, and through the acquisition of Estia, a data consultancy firm, and Altea, a consultancy firm specializing in software testing, in 2016. Consort NT generates more than €150 million in sales and employs 2,200 people based in France, Belgium, Germany, Luxembourg and Morocco.
Jason Guez, President of Consort NT, said: "I am happy and proud to have shared in the Consort NT adventure with my team. Our journey alongside the financial partners has brought about many useful learnings and has helped accelerate the growth of the business. Our independence only strengthens the enthusiasm and common vision shared by myself and the management team, Elie Cohen (CEO) and Stephan Mardel (CFO): to develop an international, multi-specialist group of technology consultants with strong family values."
Laurent Foata, Head of Ardian Growth, added: "We are delighted to have been able to support Consort NT from its first equity transaction, and to have worked with Jason Guez over the years. Over the period, the company increased its turnover fivefold, and grew from 400 to more than 2,000 employees. Congratulations to the entire Consort NT team who will now continue on the next stage of growth."
Alban Sarie, Investment Director at Naxicap Partners, thanked Jason Guez and his teams for their trust and the quality of their collaboration over the past 10 years. He concluded: "Jason Guez was able to develop the business
its and profitability at the same time while realizing three successive leverage buyouts; this enabled him, alongside the management, to take control of the group’s capital as a whole."
Raphaël Delmarre, Apax Partners Development, commented: "We are proud to have supported this high-level management team in their development projects through organic growth, acquisitions and international development."
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