Artefact

Rationale

In partnership with Artefact’s Founders, Management and the broader Artefact Partner group, the investment by the Cinven funds draws on Cinven’s deep Business Services expertise and strong track record in France and reflects the strong conviction in Artefact’s leading platform and prospects for sustained growth. Cinven’s Business Services and French teams worked closely together on the investment in Artefact, identifying it as a compelling opportunity underpinned by a number of attractive characteristics, including:

• Large, high-growth data and AI consulting sector: Artefact benefits from a leading position in a large and attractive market supported by long-term, structural tailwinds driven by accelerating technological change;
• Impressive financial track record: Artefact benefits from high-quality, resilient and repeatable revenue streams from blue-chip corporate customers, with the majority of annual revenues from existing customers, secured by the company’s strong reputation and best-in-class customer advocacy;
• Differentiated platform of scale: Artefact is a scarce global platform of scale with strong technical expertise in data and AI and proven ability to attract, retain and grow high-quality talent;
• Buy and build track record in globally fragmented market: Artefact has a successful M&A track record, and strong further pipeline of potential buy and build opportunities across a range of markets and geographies; and
• Strong and experienced senior management team: Led by its co-founders, Vincent Luciani and Guillaume de Roquemaurel, Artefact has a strong senior management team with a clear and ambitious vision, proven track record of execution and entrepreneurial and innovative culture.

Artefact at a glance

Established in 2014 and headquartered in Paris, Artefact empowers leading global businesses to navigate technological change and unlock the competitive advantages of data and AI-led transformation. Today the company employs more than 1,700 individuals in 31 offices across 25 countries.

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.