Paris, 26/07/2023 – EPSA, a provider of sustainable performance solutions for businesses and public bodies, is expanding its growth strategy by acquiring AB&C, a key player in the Netherlands.
AB&C Group is a company focused on operational performance for businesses and administrations. As a leader in its market in the fields of interim management, procurement, and consulting, AB&C is one of the key players in the consulting space in the Netherlands, notably holding a prominent position in the public sector. AB&C has experienced significant growth for over 10 years, reaching a total revenue of €150 million in 2022, with a workforce of over 500 people.
With a total revenue of €200m in 2023 and more than 1,700 employees, EPSA assists companies in optimizing their lasting operational performance, capitalising on several specific domains of expertise and digital solutions. The company has already established a strong foothold in the European markets, particularly in France, Germany, Belgium, Italy and Spain, and is active in the United States and China as well. EPSA remains committed to its growth strategy, striving to establish itself as the reference actor in the European markets of consulting and performance optimisation.
The acquisition of AB&C will further strengthen EPSA’s presence in the Benelux region, positioning it as a leader in Europe. EPSA closed the acquisition of AB&C Group on July 25th 2023. The transaction was financed by debt and an additional equity investment from EPSA’s existing financial investors (TowerBrook, Raise and Capza), and new financial investors (Tikehau Capital, Bpifrance and Crédit Mutuel Equity). AB&C Group was advised by Lincoln International. EPSA was advised by BNP Paribas (M&A), Roland Berger (Commercial Diligence), KPMG (Financial Diligence) and Lexence (Legal). TowerBrook was advised by 1602 Capital (M&A).
Matthieu Gufflet, President and founder of EPSA: “This acquisition represents a significant step in our internationalization strategy, and we are delighted to welcome new entrepreneurs who will contribute to the future success of our adventure.”
Sherief Abdalla, CEO of AB&C Group: “This collaboration will allow us to accelerate our internationalization ambitions, making the complementarity with EPSA an excellent opportunity from this perspective. We also share the same entrepreneurial culture, which will expedite synergies between our two groups.”
Karim Saddi, Co-CEO of TowerBrook: “The acquisition of AB&C Group is an exciting development for EPSA, it creates a large diversified global leader in specialty consulting with pan-European coverage and deep expertise in performance optimization and cost savings. We are happy to welcome our new partners Tikehau Capital, Bpifrance and Crédit Mutuel Equity.”
EPSA is a creator and provider of reliable company performance. The EPSA group, specialising in consulting to optimise company performance, is the essential partner for any company seeking to grow its performance and profitability. Boasting an international presence, with over 1,700 employees in 35 countries, EPSA is the only player offering comprehensive support across 7 major complementary fields of expertise: Organizational Transformation, Procurement, Marketplace, Innovation, Energy & Environment, Tax, and Finance. Resolutely focused on clients and committed to a process of digitalization for their offerings and processes, EPSA teams seek daily performance and efficiency with a tailormade and responsible approach, adapted to each organization’s specific needs and requirements. With a strong human-centric culture, EPSA is committed through its program “EPSA for Good,” which embraces ambitious social and environmental policies.
About AB&C Groep:
AB&C Groep facilitates high-quality business service providers that offer a full-service proposition to customers to help them grow and improve the effectiveness of their organizations. The following strong brands operate under AB&C Groep: AevesBenefit, Het NIC, Aeves Interim Management, Procumulator, proQure, NewDawn, Boer & Croon, YESS and Vanderkruijs. Its services focus on consultancy, secondment, interim management, outsourcing, digital transformation, executive search and talent development in the public, semi-public and private domains. AB&C Groep is a market leader in procurement and contract management in all sectors and has a strong position in transformation consultancy, executive search, interim management, PMO and project and program management in all sectors. More than 500 employees work within the Group.