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05/2020

ARGON & CO acquired by ARDIAN

FRANCE Professional Services / Consulting & Audit / Strategy & Management REV 50M - 100M EUR

Context

Argon & Co, a leading independent management consulting firm specializing in operations strategy and transformation, has partnered with Ardian to accelerate its global expansion. Through this transaction, Ardian Growth has taken a minority stake in the firm, providing the financial resources necessary to fuel a proactive external growth strategy.

ARGON & CO, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Argon & Co is a global management consultancy specializing in operations strategy and transformation. The firm advises blue-chip and mid-market clients on optimizing supply chain planning, logistics, manufacturing, procurement, and finance. Recently, it has expanded its capabilities into Data & AI advisory. It positions itself as a specialist capable of delivering both strategic vision and hands-on implementation for Corporate leaders facing geopolitical and digital challenges.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2020
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2019
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Other operations with ARGON & CO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
06/2025BRIDGEPOINTARGON & COFRANCEProfessional Services

Bridgepoint acquired a significant minority stake in Argon & Co, joining the existing management team and partners who retain majority ownership. The incumbent financial sponsor, Ardian (which first invested in 2020), also reinvested a minority stake in the business. The transaction aims to fund the next phase of Argon & Co's expansion, specifically targeting growth in North America and Europe. Bridgepoint will support an enhanced M&A strategy to consolidate the operations consulting market.

REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ARGON & CO by ARDIAN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: ardian