Delville Management welcomes Indigo Capital as a minority partner

Delville Management, a key player in transition management in France, is opening its capital and welcoming Indigo Capital as a minority partner through an LBO. The transaction, structured by Largillière Finance, marks a turning point in the firm's growth strategy.

A strategic expansion

Since its founding in 2010 by Patrick Abadie, Delville Management has completed more than 1,300 assignments for over 700 clients, primarily mid-sized companies and large corporates. It has established itself as the number two pure-play transition management firm in France. Its team of 60 professionals is spread across Paris, Lyon, Lille, Nantes, Toulouse, Strasbourg, London and Munich.

In 2024, the firm is projecting revenues of close to €45 million, with ambitions to double that figure by 2028 through a combination of organic growth and external acquisitions.

This momentum reflects a positive market trend: the transition management sector has grown strongly, with total industry revenues rising from €300 million in 2016 to €800 million in 2023.

Indigo Capital: a partner to support our growth

After reviewing several proposals, Delville Management ultimately chose Indigo Capital as its minority partner to fund the acquisition of future offices in France and internationally.

Indigo Capital stood out for the flexibility and professionalism of its offer. The fund is well-regarded for structuring and arranging mezzanine financing, providing tailored solutions to the businesses in which it invests.

Patrick Abadie, founder and CEO of the firm, commented: "Since founding Delville Management, closeness to our clients and transition managers has always been a central pillar of our strategy. With the support of Indigo Capital, we will be able to accelerate our growth while maintaining that essential proximity."

Laurent Warlop, Stanley de Butler and Fabien Depierre of Indigo Capital said: "We warmly thank Patrick Abadie, Alexandra Cadic, and the entire management team for the trust they have placed in us. Beyond Delville Management's impressive track record since its founding, we were particularly drawn to the human and collective dimension of the project led by Patrick Abadie and his partners. We will be by their side to support Delville Management in its growth and its ambition to consolidate the transition management market, both in France and across Europe."

A trusted partner

This partnership will enable us to strengthen our development strategy in France and internationally, while continuing to deliver high-quality services to our clients.

Thomas Bureau, Managing Director at Largillière Finance, who structured the capital opening transaction for Delville Management, added: "Delville Management has established itself as a reference player in the fast-growing transition management market.

Indigo Capital holds a unique position thanks to its expertise in financial engineering for SMEs and mid-sized companies.

We are delighted to have facilitated this meeting and wish every success to this project." In conclusion, Indigo Capital's entry into our capital represents a major strategic milestone for our transition management firm. This partnership will strengthen our capacity to support clients through their transformations while continuing to develop our position in the transition management market.