TH Global Capital advises LCG on its majority acquisition by Audensiel
LCG, a Portugal-based consulting firm, has been acquired by French digital transformation consultancy Audensiel. TH Global Capital acted as the exclusive financial advisor to LCG.
Founded in 2009 and headquartered in Portugal, LCG offers services and solutions across business consulting, data analytics, artificial intelligence and Gen AI, business intelligence, finance and accounting, cloud, and cybersecurity. The company holds a strong and competitive position in Portugal and across Iberia, serving clients through multiple specialised business lines and a scalable services platform.
LCG has a team of over 250 professionals and wide range of certifications and accreditations, including on the technology stacks from Microsoft, AWS, SAP and Google Cloud.
The deal
TH Global Capital acted as the exclusive financial advisor to LCG on its majority acquisition by Audensiel, a company with more than 3,500 people across six countries. Portugal now becomes its seventh market, while its revenue is anticipated to grow to €350 million by the end of financial year 2026.
Pedro Rebelo, CEO of LCG, stated: “This joining of forces opens new perspectives for our teams and our clients while preserving what constitutes LCG’s identity. The continuity of management will allow us to navigate this new phase, with the aim of offering an even broader technological spectrum to our local clients, as well as to large European companies.”
“Audensiel’s extensive network and proven expertise in scaling successful, high-performing businesses will play a pivotal role in accelerating the next chapter of our growth journey.”
Commenting on TH Global Capital’s support for LCG’s shareholders, Rebelo said: “I am deeply thankful to the TH Global Capital team for their unwavering support and expert guidance throughout this journey. Their deep expertise in the consulting and IT services sector, combined with their proactive engagement and extensive global investor reach, played a pivotal role in positioning us as a key player in the Portuguese market and connecting us with the right set of potential partners.”
“TH Global Capital not only helped us identify the ideal partner aligned with our long-term vision but also structured a compelling and balanced transaction that addressed key priorities for all stakeholders, securing terms that reflect the true value of what we have built.”
Vivek Subramanyam, Founder and CEO of TH Global Capital, added: “We are delighted to have closed our 27th consulting and 21st analytics and AI transaction between LCG and Audensiel and wish both parties continued success in this exciting new phase. This transaction reinforces TH Global Capital’s track record of delivering strong outcomes for consulting firms across Europe and globally.”
“We look forward to supporting more founders and management teams in the sector as they navigate their next phase of growth.”
Pablo Jorge, President at TH Global Capital, added: “We are delighted to have advised LCG on this important milestone in their journey. LCG has built an outstanding business, achieving strong growth thanks to its exceptional delivery capabilities in the Consulting space. Among the parties we engaged with, Audensiel stood out for their deep understanding of the market and their strong alignment with management’s vision. Congratulations to the LCG and Audensiel teams. We wish them every success in this exciting new chapter.”
