Communiqués de presse - 10 December 2025
TNP Consultants and Pixis Conseil have announced their strategic merger, marking the birth of a leading consulting firm in the retail, luxury goods, and consumer goods sectors. Largillière Finance advised on the transaction.
This alliance combines Pixis’s sectoral, strategic, and operational expertise with TNP’s integrated transformation capabilities: a comprehensive consulting model covering all transformation challenges, from strategy to artificial intelligence, within a secure, compliant, and innovative framework
A natural alliance built on a shared result-oriented culture
Founded in 2005, Pixis Conseil has established itself as a recognized partner of major French and European brands, thanks to its 360° approach to transformation: strategy, offering, customer relations, supply chain, digital, and omnichannel.
For Benoit Ranini, president and co-founder of TNP, “This merger illustrates our desire to combine highly targeted expertise with our multi-specialist model in order to provide our clients in the retail, luxury goods, and consumer goods sectors with concrete, high-impact, and perfectly executable solutions.”
Damien Ferraro, partner at TNP Strategy, adds: “The Pixis teams share our belief that a strategy is only valuable if it is implemented quickly and effectively in the field. Their expertise in business challenges ideally complements our ability to manage end-to-end transformations. We would like to thank the teams at Largillière Finance, whose in-depth understanding of our sector and the human challenges associated with our business enabled us to successfully complete this merger.”
Addressing new retail and consumer challenges together
Players in the retail, luxury goods, and fast-moving consumer goods (FMCG) sectors are currently facing profound change: rapidly evolving purchasing behaviors, a search for meaning and transparency, expectations of sustainability, and the widespread adoption of omnichannel retailing. The TNP–Pixis merger will enable us to support brands in five key areas:
As Noria Cung, President of Pixis Conseil, highlights, “This merger opens up new perspectives for our teams and our clients. It provides us with the resources to deploy our proven expertise on a larger scale, while remaining true to our DNA: the ability to combine vision, pragmatism, and proximity.”
Christophe Lahay, Managing Director of Pixis Conseil, adds: “Together, we are strengthening the alignment between strategic vision, operational excellence, and responsible innovation.”
According to Tanguy Mantelin, Founding Partner at Largillière Finance, “This transaction confirms TNP's strategy of combining strong organic growth with targeted external acquisitions. The expertise provided by Pixis Conseil strengthens retail activities in France by offering a more comprehensive value proposition to clients, and will also be deployed internationally, particularly in Africa, the Middle East, and India, where TNP already maintains a strong presence.”
Stakeholders in the operation:
| Buyer: TNP Consultants | Benoit Ranini, Damien Ferraro |
| Seller: Pixis Conseil | Noria Cung, Christophe Lahay |
| Buy-side M&A Investment Banker / Advisor: LARGILLIERE FINANCE | Tanguy Mantelin |
| Legal Advisor: August Debouzy | Philippe Lorentz, Coralie Foucault, Hadrien Auzoux |
Press contact
Margie
Aliénor Miens - +33 6 64 32 81 75 - alienor.miens@margie.fr
With offices in Paris, Lyon, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.