A technological services company founded in 1992, CONSORT NT is specialised in consulting, systems integration and outsourced management of applications and infrastructures. With 1,700 staff, present in the main economic regions in France, with a turnover of over €109 million in 2012 and a growth ratio of 5%, CONSORT NT is distinguished by a corporate culture of real integration quality. This vision favours a powerful innovative spirit and the development of ambitious projects, making CONSORT NT a long-term partner for its clients.
Website: www.consortnt.fr
Interview of Jason Guez – CEO of CONSORT NT (January 2013)
- In what context did NAXICAP Partners take an equity share in CONSORT NT?
NAXICAP PARTNERS invested in CONSORT NT in 2008 with an LBO transaction. This transaction was linked to a family transmission of the company. It enabled me to buy the company from my father, after having developed it for several years, and thus to become the majority shareholder of the company. At the same time, other managers also became shareholders, strongly associating them with our enterprise project. Our challenge was to double our size in five years, reaching a turnover of around €100 million and employing over 1,500 staff. This challenge was totally met with strong organic growth over the whole period.
- After 5 years of collaboration with NAXICAP Partners, what conclusions do you draw?
Very positive! I am very satisfied 1/ with the relationship, 2/ with the external growth opportunities presented, 3/ with the financial engineering at our disposal for studying acquisition projects. This is obviously why we have continued our partnership for a new secondary LBO transaction.
- What are your joint projects for the medium term?
As I mentioned, in January 2012 we signed a new transaction which enabled the managers to hold 70% of the equity, versus 60% previously. The financing of this transaction was done by raising a new senior debt and by a cash increase in the company’s equity.
Our teams are now mobilized around a development plan with a target of €200 million turnover by 2016. Together with NAXICAP Partners, we are studying ways to achieve this target more quickly. Partners, we are studying ways to achieve this target more quickly.