Kea & Partners

Kea, a multi-specialist management consulting group is opening their capital up to Crédit Mutuel Equity, and is being supported by a banking pool lead by LCL with la Banque Palatine, la Caisse d’Épargne and la Banque Postale.
The financing foresees a capital injection of which part is in the form of Sustainable Equity, a new financial innovation supported by non-financial performance objectives which Kea & Partners fixed as part of their status as a Social Business.
The group, which has a turnover of 45M€ and employs 180 consultants, aims to reach 100M€ in turnover within the next five years (DareWin project), via external growth operations in particular.

Founded in 2001, Kea & Partners is a management consultancy supporting business leaders in their strategic, cultural and technological transformations to respond to the challenges in growth, profitability, durability and impact of their companies. The group offers solutions for their large corporate clients and mid-caps, by using their strong experience in distribution, fast-moving consumer goods, manufacturing and services, but also drawing on the three mainstays of digital, innovation and responsibility.

At the end of 2020 Kea & Partners ratified an initial agreement where they committed to a process of exclusive discussions with Arkos, a consultancy specialised in the deployment of large-scale transformation projects, concluded by a formal agreement on June 18th.

“This raising of 23 million euros equity is a source of pride because it fits into Groupe Kea’s approach of accelerating growth without touching the fundamentals of the partnership, the profession or the capital. At a time when many consultancies are being sold to large groups, Kea & partners are giving themselves the means to accommodate new consultancy partners while still preserving their independence. I’d like to thank the teams at Bryan, Garnier & Co and Benichou & Rontchevsky who maintained their unwavering trust in spite of the Covid health crisis. I would also like to thank LCL, Kea & Partners’ oldest banking partner, who have played a major role in making up the banking pool. Finally, Crédit Mutuel Equity perfectly understood our ambitions and set up a Sustainable Equity device which had never been used in France before, in line with our status as a “Social Business”, explained Arnaud Gangloff, Senior Partner, Managing Director of Kea & Partners and the Groupe Kea.

“The Groupe Kea project is unlike other growth projects. It is a development project in support of a “desirable” economy which reflects Crédit Mutuel Alliance Fédérale’s strategic objectives, as our group also has the status of Social Business. We are proud to take an active part of the capital of this company which is committed to promotion of responsible transformation, and with whom we share common values, in order to support their ambition to become the leading consultancy in European culture strategy” add Franck Thouroude and Mélanie Salomez of Crédit Mutuel Equity.

“Kea & Partners is a leading management consultancy with a DNA which makes it stand out in the market. The quality of the DareWin project and the high degree of competence of the Kea & Partners teams have enabled an intensely competitive process to be put in place, in spite of the public health crisis. By raising 23M€ of capital, the group have given themselves the opportunity to become the French champions of the sector”, point out Guillaume Nathan and Marc Picard of Bryan, Garnier & Co.

“LCL supports Kea & Partners and has followed their performance since the founding of the consultancy in 2001. This growth project, named DareWin, is a new stage in their development and LCL are proud to have contributed to it” says Elsa Perrier, Head of Corporate Financing - LCL.

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