London-based Cinven has entered into exclusive negotiations to acquire Artefact, a French company specialising in data and artificial intelligence (AI) consulting. The deal is subject to regulatory approvals. While specific financial details were not disclosed, sources familiar with the matter suggest the acquisition could value Artefact at approximately £789 million.
Artefact, headquartered in Paris, provides data services to over 1,000 clients globally, including major corporations such as BNP Paribas, Carrefour, and Unilever. The company employs more than 1,700 individuials in 31 offices across 25 countries worldwide.
Combining deep expertise in data science, AI and digital marketing, Artefact partners with leading enterprises to design and implement innovative, data-driven strategies. With a powerful blend of data, AI and technology capabilities, the company supports its clients to realise the full value of their data to enhance decision-making, drive growth and deliver personalised customer experiences at scale.
Rory Neeson, Partner and Head of Cinven’s Business Services sector team, said: “Cinven is proud to make this investment in Artefact, a company that perfectly aligns with Cinven’s strategic vision and investment criteria, and to partner alongside its excellent and dynamic Founders, management team and broader Partner group. We believe that Artefact’s leading-edge expertise in data and AI, coupled with its excellent people, strong culture and global footprint, positions it uniquely within its market.
“Our deep understanding of the Specialist Professional Services sector and our extensive experience in supporting the growth and international expansion of high-quality businesses, positions us to help achieve the enormous potential of this highly differentiated business. We are confident that our partnership with Artefact will further enhance its positioning and accelerate its growth, while continuing to deliver unparalleled value to Artefact’s valued clients. This partnership marks a significant milestone in Cinven’s ongoing commitment to investing in businesses that lead through innovation and excellence.”
Image source: Cinven
