PARIS, FRANCE – December 16, 2024 – Sia Partners, a leading next-generation management consulting firm specializing in Artificial Intelligence (AI), has announced a significant minority investment of up to €250 million from Blackstone, a renowned global investment firm. This strategic partnership marks a pivotal moment for Sia Partners, underscoring its impressive growth trajectory and ambitious plans for global expansion, particularly in the U.S. market, and further development of its AI-driven consulting services.
Founded in 1999, Sia Partners has rapidly ascended to become a prominent player in the competitive global consulting landscape. The firm is celebrated for its deep industry expertise, particularly in integrating strategy, management consulting, and AI to deliver tangible business transformation for its clients. With a robust global footprint of 3,000 employees across 50 offices in 20 countries, Sia Partners serves over 1,000 clients, including a substantial number of Fortune 500 companies and major technology players. Its diverse client base spans key sectors such as Energy, Banking, Consumer, Luxury and Retail, and Technology, Media, and Telecoms (TMT).
Sia Partners’ project portfolio is extensive, ranging from critical strategic transformations and change management initiatives to operational analysis, post-merger integrations, and cutting-edge innovation projects. The firm has consistently demonstrated strong financial performance, approaching €500 million in revenue, with a significant portion generated in France (40%) and the United States (30%).
The investment from Blackstone is strategically aimed at accelerating Sia Partners’ growth momentum. A key focus will be to bolster the firm’s expansion within the U.S. market, recognizing the immense potential for its unique consulting approach in this region. Furthermore, the partnership will provide substantial support for strategic mergers and acquisitions (M&A), enabling Sia Partners to further enhance its capabilities and market reach.
Matthieu Courtecuisse, Founder and Chief Executive Officer of Sia Partners, who retains a significant majority stake and will continue to lead the company, expressed his enthusiasm about the partnership: “We are delighted to welcome Blackstone as a minority investor in Sia Partners. This investment validates our strategic consulting model, which is deeply rooted in AI and design thinking. It also reflects our shared vision for Sia Partners to attain a leadership position in a consolidating market. This announcement is a testament to the dedication of our team and our 25 years of organic growth. With Blackstone’s resources, we are poised to enrich our service offerings, expedite our international expansion, and amplify our innovation capabilities, bringing our premium consulting services to an even broader global clientele.”
Lionel Assant, Global Co-Chief Investment Officer at Blackstone, also commented on the investment: “Sia Partners stands out as a rapidly growing leader in the consulting sector. Their differentiated service offering, underpinned by deep expertise in critical megatrends like the energy transition and AI, is particularly compelling. We are excited to collaborate with Matthieu and the entire Sia Partners team to drive sustained long-term growth, leveraging Blackstone’s global network, scale, and operational expertise.”
In addition to the strategic investment, Sia Partners has announced the appointment of Sandrine Carreau as President & COO. Carreau, who has been with Sia Partners for 12 years and previously held the position of Head of Strategy & M&A, Marketing, and ESG, will work alongside Matthieu Courtecuisse in leading the firm’s operations and strategic direction.
J.P. Morgan SE served as the exclusive financial advisor and sole placement agent for Sia Holding in this transaction, while A&O Shearman provided legal counsel. Blackstone received legal advice from Freshfields and transaction services advisory from Eight Advisory.
About Sia Partners
Sia Partners is a next-generation management consulting firm specializing in strategy, management, and AI consulting services. With a global team of 3,000 consultants across 20 countries, Sia Partners delivers innovative and tailored solutions to over 1,000 clients worldwide, including a majority of Fortune 500 companies. Founded in the AI era, Sia Partners distinguishes itself through its deep sector expertise and the integration of AI-driven methodologies, ensuring tangible and impactful results for its clients. For more information, please visit www.sia-partners.com and follow Sia Partners on LinkedIn, X (Twitter), and Instagram.
About Blackstone
Blackstone is the world’s largest alternative asset manager, managing over $1.1 trillion in assets. Blackstone’s mission is to generate compelling returns for institutional and individual investors by enhancing the value of the companies they invest in. Blackstone’s diverse investment strategies span real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. For further details, please visit www.blackstone.com. Follow Blackstone on LinkedIn, X (Twitter), and Instagram.
