For some time Cegos has encouraged the development of a significant body of employee shareholders via salary-based saving schemes. Following an LMBO implemented in May 2006 and renewed in January 2010, the Cegos capital henceforth rests with four majority shareholders:

• 120 Cegos managers, collectively forming a holding company, “NCP”, which has control of the Group,
• The majority of the Group’s employees,
• The Cegos Association, a historic shareholder in the Group,
• Axa Private Equity fund, which took up 15% of the capital in 2010.

A powerful strategic lever

This body of shareholders provides powerful leverage for deploying our strategy, where each employee shareholder can make an association between the strategic paths chosen, the action plans deployed and the results expected in terms of growth in turnover, profitability and external growth capacity. The recent arrival of Axa Private Equity also allows Cegos to strengthen its development capacity.