Blackstone has made a minority investment of up to €250m in global management and AI consulting firm, Sia Partners, using funds from its private equity strategy for individual investors, according to a recent press statement.
The partnership will support Sia’s expansion across the US market, as well as strategic M&A. Founded in 1999, the investment marks the company’s first partnership with a financial investor since its inception.
Founder and Chief Executive Officer, Matthieu Courtecuisse, retains a significant majority stake in Sia and will continue to lead the company, which has 3000 employees across 20 countries and 50 offices.
Working with over 1000 clients, including Fortune 500 and major tech clients, across a diversified base of end markets, within sectors such as energy, banking, consumer, luxury and retail and TMT, Sia has achieved close to €500m in revenue – 40% of which is in France and 30% in the United States.
Alongside the transaction, the company has appointed Sandrine Carreau as President & COO, and Matthieu Courtecuisse, Founder & CEO.
Paris-based Carreau has been with Sia Partners for 12 years, and was previously in charge of strategy and M&A, marketing, and ESG.
JP Morgan acted as Exclusive Financial Adviser and Sole Placement Agent, and A&O Shearman acted as legal advisor to Sia with respect to the strategic minority investment from Blackstone.
Freshfields acted as legal advisor and Eight Advisory as legal transaction services advisor to Blackstone.
