ACENSI takes majority stake in Finegan
Context
In April 2026, IT services provider Acensi acquired a majority stake in management consultancy Finegan, adding in revenue and significantly expanding its upstream advisory capabilities. The transaction marks the full exit of historical financial sponsors Andera Partners and Capza following a seven-year investment cycle. Following a competitive auction involving four shortlisted bidders, Finegan’s executive team, led by CEO Emmanuel Solesse, chose to partner with Acensi to build a scaled domestic player. As part of the transaction, Finegan’s management team completed a material equity rollover to retain a minority shareholding. The acquisition was fully funded via an existing debt facility arranged in 2025 by a banking syndicate comprising BNP Paribas, Banque Populaire Rives de Paris, Arkéa, and Crédit Agricole Île-de-France during Azulis Capital’s initial investment in Acensi. Led by Azulis Capital Partners Nicolas Cosson, Raphaël Bazin, and Alban Tanaka, the strategic rationale focuses on shifting Acensi toward high-margin consulting mandates. Under a joint five-year strategic plan, Finegan will leverage Acensi’s AI capabilities to enhance its service offering and expand outside the financial services vertical, while maintaining operational autonomy. On the sell-side, Adviso Partners acted as exclusive M&A adviser. On the buy-side, financial due diligence was conducted by Exelmans, while Moncey Avocats advised on legal, tax, and debt structuring.
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Target
Finegan is a management consultancy specializing in the banking, finance, and insurance sectors, supporting financial institutions through digital, regulatory, and technological transformations. Formed through the combination of four boutique firms (99 Advisory, 11 Management, Azzana, and Akium), the company advises financial services clients on critical business operations, operating model redesign, and process optimization. Headquartered in France with offices in Luxembourg and Belgium, Finegan employs 235 specialized consultants. Led by CEO Emmanuel Solesse, the firm focuses on high-value, upstream advisory mandates, helping institutions navigate complex regulatory frameworks and systems modernisation while maintaining operational autonomy across its regional footprint.
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REFERENCES
Revenue range: 25M - 50M EUR
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Target: finegan
Acquirer: acensi