{"id":59045,"date":"2026-07-27T11:35:06","date_gmt":"2026-07-27T09:35:06","guid":{"rendered":"https:\/\/editing.capitalmind.com\/?post_type=deals&p=59045"},"modified":"2026-07-28T18:32:14","modified_gmt":"2026-07-28T16:32:14","slug":"mbo-azergo-a-fonds-de-pe","status":"publish","type":"deals","link":"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/","title":{"rendered":"MBO d’Azergo soutenu par iXO Private Equity, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Capital Partenaires et BNP Paribas D\u00e9veloppement"},"content":{"rendered":"\n

Investec a conseill\u00e9 les actionnaires d’Azergo dans le cadre de la cession d’une participation minoritaire du Groupe \u00e0 iXO Private Equity, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Capital Partenaires et BNP Paribas D\u00e9veloppement<\/strong><\/p>\n\n\n\n

A propos du deal<\/h2>\n\n\n\n

Fond\u00e9 en 2007 par Nicolas Pfennig, Azergo s’est impos\u00e9 en tant que leader fran\u00e7ais des solutions ergonomiques pour les lieux de travail. Initialement reconnu pour son expertise dans l’am\u00e9nagement des postes de travail des personnes en situation de handicap, le Groupe accompagne aujourd’hui les entreprises et les organisations publiques sur l’ensemble des enjeux li\u00e9s \u00e0 la sant\u00e9 au travail, \u00e0 la pr\u00e9vention des troubles musculo-squelettiques (TMS), au maintien dans l’emploi et \u00e0 l’am\u00e9lioration durable des conditions de travail. Avec plus de 200 collaborateurs, Azergo s\u2019appuie sur un r\u00e9seau national d’experts en ergonomie, biom\u00e9canique et ergoth\u00e9rapie, ainsi qu’un portefeuille de solutions permettant d’accompagner les employeurs dans l’am\u00e9nagement et l’optimisation des environnements de travail.<\/p>\n\n\n\n

Accompagn\u00e9 par Initiative & Finance depuis 2021, Azergo a construit un solide track record de croissance, port\u00e9 par une expansion organique et des acquisitions cibl\u00e9es, passant d’un chiffre d’affaires de 24 M\u20ac en 2021 \u00e0 c.60 M\u20ac en 2026.\u00a0<\/p>\n\n\n\n

Avec l’arriv\u00e9e d’iXO Private Equity comme investisseur de r\u00e9f\u00e9rence, aux c\u00f4t\u00e9s de Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Capital Partenaires et BNP Paribas D\u00e9veloppement, Azergo ouvre une nouvelle phase de son d\u00e9veloppement. Le Groupe entend poursuivre son d\u00e9veloppement organique et acc\u00e9l\u00e9rer sa strat\u00e9gie de croissance externe afin de participer activement \u00e0 la consolidation d’un secteur encore tr\u00e8s fragment\u00e9, en France comme \u00e0 l’\u00e9chelle europ\u00e9enne. Cette nouvelle \u00e9tape de croissance sera pilot\u00e9e par Vincent Rigoudy qui prend la Pr\u00e9sidence Direction G\u00e9n\u00e9rale du Groupe, avec l\u2019appui de Nicolas Pfennig, fondateur du Groupe. Pr\u00e8s de trente cadres du Groupe rejoignent \u00e9galement l’actionnariat aux c\u00f4t\u00e9s du management et des investisseurs financiers.<\/p>\n\n\n\n

A propos d\u2019<\/strong>iXO<\/strong> Private Equity<\/strong><\/p>\n\n\n\n

Cr\u00e9\u00e9e en 2003, iXO Private Equity est le 1er<\/sup> acteur r\u00e9gional du capital-investissement ind\u00e9pendant en France. Avec un actif sous gestion de 1 Md\u20ac, la soci\u00e9t\u00e9 de gestion r\u00e9alise principalement des op\u00e9rations de capital-d\u00e9veloppement et de capital-transmission. Elle investit en fonds propres de 2 \u00e0 30 M\u20ac par projet, dans les entreprises du Grand Sud et de l\u2019Ouest de la France.<\/p>\n\n\n\n

A propos d\u2019Initiative & Finance<\/strong><\/p>\n\n\n\n

Depuis sa cr\u00e9ation en 1984, Initiative & Finance a r\u00e9alis\u00e9 pr\u00e8s de 350 op\u00e9rations de capital-d\u00e9veloppement et de capital-transmission et a contribu\u00e9 \u00e0 faire \u00e9merger de nombreuses Entreprises de Taille Interm\u00e9diaire. La soci\u00e9t\u00e9 de gestion est ind\u00e9pendante depuis 2010 et g\u00e8re aujourd\u2019hui environ 800 M\u20ac de capitaux pour le compte d\u2019investisseurs institutionnels et de family offices fran\u00e7ais ou europ\u00e9ens de premier plan.<\/p>\n\n\n\n

Notre r\u00f4le<\/h2>\n\n\n\n

Investec a accompagn\u00e9 les actionnaires d\u2019Azergo tout au long du processus de cession : <\/p>\n\n\n\n

    \n
  • D\u00e9finition de la strat\u00e9gie et du calendrier de l’op\u00e9ration<\/li>\n\n\n\n
  • D\u00e9finition de l\u2019equity story<\/em><\/li>\n\n\n\n
  • R\u00e9daction de la documentation marketing<\/li>\n\n\n\n
  • S\u00e9lection des investisseurs financiers les plus \u00e0 m\u00eame de valoriser le positionnement de l\u2019entreprise et d\u2019accompagner son d\u00e9veloppement<\/li>\n\n\n\n
  • Formalisation du business plan<\/em> avec le management<\/li>\n\n\n\n
  • Pilotage des due diligences<\/em><\/li>\n\n\n\n
  • Lev\u00e9e du financement LBO<\/li>\n\n\n\n
  • Organisation d\u2019un processus de vente comp\u00e9titif<\/li>\n\n\n\n
  • Gestion des n\u00e9gociations jusqu\u2019au closing<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Investec a conseill\u00e9 les actionnaires d’Azergo dans le cadre de la cession d’une participation minoritaire du Groupe \u00e0 iXO Private…<\/p>\n","protected":false},"featured_media":0,"template":"","dt":[],"sector":[3705],"dealtype":[16633,3706,3718],"clienttype":[3729,3720],"class_list":["post-59045","deals","type-deals","status-publish","hentry","sector-business-services-fr","dealtype-mbo-fr","dealtype-cession-fr","dealtype-debt-advisory-fr","clienttype-entrepreneurs-fr","clienttype-pe-fr"],"acf":[],"yoast_head":"\nMBO d'Azergo | Investec Business Advisory<\/title>\n<meta name=\"description\" content=\"Investec a conseill\u00e9 les actionnaires d'Azergo dans le cadre de la cession d'une participation minoritaire \u00e0 des fonds de capital-invest\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MBO d'Azergo | Investec Business Advisory\" \/>\n<meta property=\"og:description\" content=\"Investec a conseill\u00e9 les actionnaires d'Azergo dans le cadre de la cession d'une participation minoritaire \u00e0 des fonds de capital-invest\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/\" \/>\n<meta property=\"og:site_name\" content=\"Investec Business Advisory\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-28T16:32:14+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/deals\\\/mbo-azergo-a-fonds-de-pe\\\/\",\"url\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/deals\\\/mbo-azergo-a-fonds-de-pe\\\/\",\"name\":\"MBO d'Azergo | Investec Business Advisory\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/#website\"},\"datePublished\":\"2026-07-27T09:35:06+00:00\",\"dateModified\":\"2026-07-28T16:32:14+00:00\",\"description\":\"Investec a conseill\u00e9 les actionnaires d'Azergo dans le cadre de la cession d'une participation minoritaire \u00e0 des fonds de capital-invest\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/deals\\\/mbo-azergo-a-fonds-de-pe\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/deals\\\/mbo-azergo-a-fonds-de-pe\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/deals\\\/mbo-azergo-a-fonds-de-pe\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MBO d’Azergo soutenu par iXO Private Equity, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Capital Partenaires et BNP Paribas D\u00e9veloppement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/#website\",\"url\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/\",\"name\":\"Investec Business Advisory\",\"description\":\"Investec Business Advisory\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/#organization\",\"name\":\"Capitalmind Investec\",\"url\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/Logo_Investec_cmjn_6.jpg\",\"contentUrl\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/Logo_Investec_cmjn_6.jpg\",\"width\":1120,\"height\":1121,\"caption\":\"Capitalmind Investec\"},\"image\":{\"@id\":\"https:\\\/\\\/www.investec.com\\\/advisory\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/capitalmind---corporate-finance-advisory\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UC4bVt7iNejh8tGT6Qfa9R4w\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MBO d'Azergo | Investec Business Advisory","description":"Investec a conseill\u00e9 les actionnaires d'Azergo dans le cadre de la cession d'une participation minoritaire \u00e0 des fonds de capital-invest","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/","og_locale":"fr_FR","og_type":"article","og_title":"MBO d'Azergo | Investec Business Advisory","og_description":"Investec a conseill\u00e9 les actionnaires d'Azergo dans le cadre de la cession d'une participation minoritaire \u00e0 des fonds de capital-invest","og_url":"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/","og_site_name":"Investec Business Advisory","article_modified_time":"2026-07-28T16:32:14+00:00","twitter_card":"summary_large_image","twitter_misc":{"Dur\u00e9e de lecture estim\u00e9e":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/","url":"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/","name":"MBO d'Azergo | Investec Business Advisory","isPartOf":{"@id":"https:\/\/www.investec.com\/advisory\/fr\/#website"},"datePublished":"2026-07-27T09:35:06+00:00","dateModified":"2026-07-28T16:32:14+00:00","description":"Investec a conseill\u00e9 les actionnaires d'Azergo dans le cadre de la cession d'une participation minoritaire \u00e0 des fonds de capital-invest","breadcrumb":{"@id":"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investec.com\/advisory\/fr\/deals\/mbo-azergo-a-fonds-de-pe\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investec.com\/advisory\/fr\/"},{"@type":"ListItem","position":2,"name":"MBO d’Azergo soutenu par iXO Private Equity, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Capital Partenaires et BNP Paribas D\u00e9veloppement"}]},{"@type":"WebSite","@id":"https:\/\/www.investec.com\/advisory\/fr\/#website","url":"https:\/\/www.investec.com\/advisory\/fr\/","name":"Investec Business Advisory","description":"Investec Business Advisory","publisher":{"@id":"https:\/\/www.investec.com\/advisory\/fr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investec.com\/advisory\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/www.investec.com\/advisory\/fr\/#organization","name":"Capitalmind Investec","url":"https:\/\/www.investec.com\/advisory\/fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.investec.com\/advisory\/fr\/#\/schema\/logo\/image\/","url":"https:\/\/www.investec.com\/advisory\/wp-content\/uploads\/2020\/01\/Logo_Investec_cmjn_6.jpg","contentUrl":"https:\/\/www.investec.com\/advisory\/wp-content\/uploads\/2020\/01\/Logo_Investec_cmjn_6.jpg","width":1120,"height":1121,"caption":"Capitalmind Investec"},"image":{"@id":"https:\/\/www.investec.com\/advisory\/fr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/capitalmind---corporate-finance-advisory","https:\/\/www.youtube.com\/channel\/UC4bVt7iNejh8tGT6Qfa9R4w"]}]}},"_links":{"self":[{"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/deals\/59045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/deals"}],"about":[{"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/types\/deals"}],"wp:attachment":[{"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/media?parent=59045"}],"wp:term":[{"taxonomy":"dt","embeddable":true,"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/dt?post=59045"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/sector?post=59045"},{"taxonomy":"dealtype","embeddable":true,"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/dealtype?post=59045"},{"taxonomy":"clienttype","embeddable":true,"href":"https:\/\/www.investec.com\/advisory\/fr\/wp-json\/wp\/v2\/clienttype?post=59045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}