Intermediate Capital Group (ICG), a global alternative asset manager, announced a strategic partnership with Astek, where ICG’s European Mid-Market team will provide financing support. Astek is a leading consultancy firm in the digital, engineering, and technology sectors headquartered in France. With operations in over 20 countries, Astek collaborates with major organizations in their digital transformation journeys. Astek has seen substantial growth organically and through acquisitions in the past decade. ICG aims to bolster Astek’s growth, focusing on talent sourcing and pursuing further strategic acquisitions. Jean-Luc Bernard, founder of Astek, and Julien Gavaldon, CEO, retain majority shares, while ICG provides financial and strategic support for global expansion. Laurent Catry of ICG praised Astek’s growth trajectory and expressed commitment to aiding in Astek’s strategic market positioning. ICG’s partnership highlights Astek’s capabilities and adherence to an ambitious vision for growth. Advisor firms on the deal include Vulcain, Proskauer Rose, Arsne Taxand, BCG, EY, KPMG, Bots & Cie, Seedcloud Advisory, Natixis Partners, Hogan Lovells, 8Advisory, and Accenture. ICG, listed on the London Stock Exchange, manages $86.3bn in assets and has committed to net zero by 2040. Astek reported a consolidated turnover of €585 million for 2023.

Private Equity, Consulting Services, IT Services,France, Global

https://www.icgam.com/2024/04/25/icg-invests-in-astek-leading-player-in-consulting-services/