Paris, 16 April 2025 – Bridgepoint, one of the world’s leading quoted private asset growth investors, has announced it will partner with Argon & Co, a global management consultancy specialising in operations strategy and transformation.
The transaction sees Bridgepoint Development Capital V – a lower middle-market fund focused on supporting fast-growing businesses across Europe – become a significant minority shareholder in Argon & Co. The company will continue to be majority owned by its Partners with incumbent sponsor Ardian reinvesting a minority stake in the business.
Operating in 13 countries with over 850 FTEs, Argon & Co serves a wide range of blue-chip and middle-market clients with a differentiated offering spanning supply chain planning, logistics, manufacturing, procurement, data and AI advisory, and related strategic transformation services. The company has established itself as a trusted partner for global industrial leaders seeking to optimise their operations, enhance innovation and resilience, and deliver tangible value across their supply chains. The strength of Argon & Co’s position in the market is reflected in its strong growth record, with revenue in the region of €175m in FY2024-25 and with 15 acquisitions completed since 2020.
The consulting market segment in which Argon & Co operates – focused on supply chain excellence together with operations strategy and transformation – is valued at over €4.4bn globally and projected to expand at around 7% per annum. This robust growth is underpinned by long-term structural drivers including geopolitical volatility, procurement cost pressures, digital innovation and greater supply chain sustainability requirements. These dynamics are increasing demand among corporates for specialist partners who can reliably deliver both strategic vision and hands-on implementation.
Leveraging its deep sector expertise and global platform, Bridgepoint will support Argon & Co’s next phase of expansion, including further internationalisation – particularly in Europe and the US – alongside continued development of its consulting capabilities. In addition, Bridgepoint will aid Argon & Co in pursuing an enhanced M&A strategy, helping assess and complete highly synergistic transactions that will strengthen the company’s leadership position, commencing in the immediate term.
Bridgepoint has extensive sector expertise in scaling specialist consulting businesses in their respective niches, including experience with investments in Alpha FMC, Analysys Mason and Prescient. The partnership will also draw on Bridgepoint’s experience in adjacent industries, including supply chain management and technology services companies such as Achilles, Groupe Sinari and Surikat.
Bertrand Demesse, Partner at Bridgepoint, said: “Argon & Co is a stand-out player in the global operations consulting market. With its strong technical expertise, high client retention and clear growth strategy, the business is well placed to capitalise on intensifying global demand for supply chain resilience, digital transformation, and operational excellence. We are delighted to partner with Jean-François and the team to help accelerate Argon & Co’s international footprint and continue building a leading global specialist in the operations strategy and transformation consulting space.”
Jean-François Laget, CEO of Argon and Co, added: “We are proud of the journey Argon & Co has been on to date with Ardian and are excited to be partnering with Bridgepoint for this next chapter. Their experience in internationalising specialist consultancies, and deep understanding of our sector, make them the ideal partner to help us scale further.”
Frédéric Quéru and Geoffroy de La Grandière, Managing Directors, Growth at Ardian, said: “We thank the leadership team of Argon & Co for their trust and their invitation to continue our collaboration. Since our first investment in 2020, the firm has grown from a tier-one player in France to a leading international operations consulting group. We have been delighted to back the company's development, with notably 15 acquisitions completed to date and the launch of a data/AI offering. Ardian is excited to continue supporting Argon & Co's ambition alongside Bridgepoint."
The transaction completed in April 2025. Financial terms of the deal were not disclosed.
Bridgepoint was advised by Hogan Lovells (Corporate, Tax, Antitrust), Sycomore Corporate Finance, Natixis Partners, Lazard (M&A), KPMG (Finance, Legal, Labour, Tax, ESG), L.E.K. Consulting (Strategy), Ropes & Gray (Legal), and Singulier x Indefi (AI).
Argon and Co. was advised by Edmond de Rothschild (M&A, Debt Advisory), Paul Hastings (Legal, Tax), Argos and Cards (Legal), and Eight Advisory, Oderis, and PwC (Due Diligence).
Ardian was advised by King & Spalding (Corporate).
About Bridgepoint – www.bridgepointgroup.com
Bridgepoint is one of the world's leading quoted private asset growth investors, specialising in mid-market private equity, infrastructure and private credit. With over $75 bn of assets under management and a strong local presence in Europe, North America and Asia, Bridgepoint combines global scale with local market insight and sector expertise.
Prior Bridgepoint investments in technology-enabled services and specialist consultancy businesses include Alpha FMC, Analysys Mason, Achilles and Prescient.
About Argon & Co. - www.argonandco.com
Argon & Co is a global management consultancy that specialises in operations strategy and transformation. Its expertise spans supply chain planning, manufacturing, logistics, procurement, finance, and shared services, working together with clients to transform their businesses and generate real change. Its people are engaging to work with and trusted by clients to get the job done.
Argon & Co has 17 offices across Europe, Australasia, America, Asia and the Middle East.
About Ardian – www.ardian.com
Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 20 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility. At Ardian we invest all of ourselves in building companies that last.