FR

Our transactions

Activity :
Business services

Customer :
Pixis Conseil

Acquirer :
TNP Consultants

Advice :
Tanguy Mantelin, Mathurin Maugendre

About Largillière Finance

With offices in Paris, 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.

Acquisition - 2025

Acquisition of Pixis Conseil by TNP Consultants

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.

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:

  • Adapting historical models to today's consumption challenges.
  • Optimizing supply and operations through data and artificial intelligence.
  • Strengthening supply chain resilience in the face of cost, time, and environmental constraints.
  • Rethinking customer journeys to create a seamless, personalized, and responsible experience.
  • Accelerating digital and regulatory transformation by securing practices and fostering compliance.

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.”

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.”

About Largillière Finance

With offices in Paris, 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.

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