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06/2025

ARGON & CO acquired by BRIDGEPOINT

FRANCE Professional Services / Consulting & Audit / Strategy & Management EV €300–700M

Context

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.

It is worth noting that the fund Ardian took control of Argon & Co through an LBO in 2020.

ARGON & CO, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Business Services sector (11.4x).

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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

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€100–200M
€25–50M
[members only]
2023
€100–200M
€25–50M
[members only]

Other operations with ARGON & CO

Other operations with ARGON & CO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2020ARDIANARGON & COFRANCEStrategy & Management

REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €25–50M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

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 BRIDGEPOINT are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: bridgepoint