cmi strategies

What cmi strategies does

CMI Strategies is an independent strategy and transformation consulting firm headquartered in Paris, founded in 1985 and operating as a French SAS (Société par Actions Simplifiée) with €832,000 share capital. The firm is led by President Nicolas Kandel and employs 51–100 people, with an additional Madrid office. CMI delivers advisory services through six core practice areas — Strategy, Transformations, Private Equity, Innovation, and Sustainability — combined with deep sector specializations across healthcare, public sector, telecom, energy and environment, infrastructure, technologies, consumer/retail, financial services, and building and real estate. Its client base spans large French and European corporates (Orange, Nestlé, RTE, Auchan), public institutions (Ordre National des Médecins, CNC), and private equity funds, for which it supported approximately 60 investment dossiers in 2023.

CMI's commercial model is project-based professional services, with multi-year engagements scoped by complexity and team composition. The firm differentiates on senior consultant involvement, analytical rigor, and sector depth rather than scale. In April 2025, CMI formalized the 'Consulting For Capital' alliance with Fairgrove and CODEX, creating access to 170 consultants across six European cities while each partner retains independent governance. The firm has also acquired Welcomeurope (2024) for EU public funding capabilities and established a joint venture with Think Creative for US/Asia innovation consulting. Underlying technology is limited to AI-augmented analytical tooling applied within consulting engagements; the firm does not sell software products. CMI is GDPR- and CNIL-compliant, holds registered trademarks, and was recognized as 'Incontournable' in PE strategy and 'Excellent' in M&A by Décideurs Magazine / Leaders League in 2025.

Name

cmi strategies

Legal name

CMI

Website

https://cmi-strategies.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

CMI Strategies is an independent Paris-based strategy and transformation consulting firm, founded 1985, serving European corporates, private equity funds, and public institutions across sectors including healthcare, energy, telecom, and consumer.

Ownership category

akta.pro rank

Product category

Management Consulting

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG)

akta.pro secondary industry

Management Buyouts (MBO/MBI) & Sponsor-Led Transactions Advisory (FSAEAGAI)

Keywords

• Strategy consulting
• Transformation consulting
• Private equity advisory
• Due diligence services
• Sustainability consulting

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Strategic Consulting Services: CMI generates revenue through strategic consulting engagements, including strategy development, organizational transformation, and due diligence services for private equity funds, corporations, and public institutions. Services are delivered through project-based engagements.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CMI Strategies is an independent strategy and transformation consulting firm that advises companies, investment funds, and public institutions. It delivers project-based engagements across five core practice areas — Strategy, Transformations, Private Equity, Innovation, and Sustainability — and across sector specializations including healthcare, public sector, telecom, energy & environment, technologies, consumer, financial services, infrastructure, and building & real estate. The firm also performs strategic, commercial, ESG, and vendor due diligence for private equity clients.

Product overview

CMI Strategies is an independent strategy and transformation consulting firm offering advisory services across multiple sectors and practice areas. The firm provides consulting services organized around six core practice areas: Strategy (including investment strategy and diagnostic services), Transformations (covering digital, sustainable, and organizational change), Private Equity (with due diligence and value creation services), Innovation (including market intelligence and business model development), and Sustainability (ESG and environmental transition advisory). Sector-specific practices cover Healthcare, Financial Services, Consumer, Energy & Environment, Technologies, Building & Real Estate, Education & Training, Public Sector, Infrastructure & Network Services, and Telecom. The firm also offers specialized services including Due Diligence (strategic, ESG, commercial, and vendor), training programs for energy transition, and partners internationally with Think Creative for innovation advisory. CMI Strategies does not offer software products but delivers consulting engagements through its team of sector experts.

Differentiator

Problem solved

Functional benefit

Products and services

• Strategy Consulting (Stratégie) Strategic consulting services including strategy elaboration, diagnostic assessment, and investment strategy development for organizations across various sectors.
• Transformation Consulting (Transformations) Transformation consulting covering sustainable transformation, digital transformation, change management, and program/project management for organizational change.
• Private Equity Advisory Advisory services for investment funds including investment strategy, deal sourcing, buy-side and sell-side due diligence (strategic, ESG, commercial), value creation plans, and exit preparation.
• Innovation Consulting Innovation strategy and management consulting including market intelligence, prospective analysis, business model development, innovation program management, and prototyping for new value propositions.
• Sustainability Consulting Sustainability and ESG consulting services including sustainability due diligence, energy and environmental transition strategy, sustainable economic model development, and skills management for sustainability.
• Extra-Financial Due Diligence (ESG & Impact) Non-financial due diligence services combining strategic and ESG analysis for private equity investors, including value assessment, ESG roadmap development, and impact measurement.
• Strategic Due Diligence Strategic due diligence services including commercial due diligence, market analysis, competitive positioning assessment, business plan validation, and value creation opportunity identification.
• Vendor Due Diligence Sell-side due diligence services preparing companies for divestiture, including equity story development and comprehensive strategic assessment for exit processes.
• Energy Transition Skills Management (Gestion des compétences TEE) Skills management and training services for energy and environmental transition, including competency diagnostics, training strategy development, program design, and training delivery for public and private sector clients.
• Healthcare Sector Consulting (Conseil Santé) Healthcare sector consulting services covering health industries, healthcare establishments, regulators, social protection institutions, and medical projects for healthcare operators and investors.
• Public Sector Consulting (Secteur Public) Public sector consulting services for government entities, regulatory bodies, and public institutions on strategic projects, investments, and organizational transformation.
• Financial Services Consulting (Services Financiers) Financial services consulting for banking, insurance, and wealth management sectors on strategic initiatives, transformation, and market positioning.
• Consumer & Retail Consulting Consumer goods and retail consulting including investment thesis validation, market analysis, strategic due diligence, and value creation support for consumer sector companies and investors.
• Energy & Environment Consulting Energy and environment sector consulting covering energy transition strategy, environmental policies, market analysis, and sustainable development planning for energy companies and environmental stakeholders.
• Technology Sector Consulting Technology sector consulting for IT companies, software providers, and digital transformation initiatives across various industry applications.
• Building & Real Estate Consulting (Bâtiment & Immobilier) Building and real estate sector consulting including investment analysis, market strategy, and transformation advisory for construction and property companies.
• Telecom Sector Consulting
• Infrastructure & Network Services Consulting Infrastructure and network services consulting for telecommunications, utilities, and networked service organizations on strategic and operational challenges.
• Think Creative Innovation Partnership International innovation consulting partnership with Think Creative, providing cross-border innovation advisory services across US, Asia, and Europe through a joint venture structure.

Quantifiable outcome

• 60+ investment dossiers supported in 2023 for PE clients
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• FairgroveflagshipStrategic or Co-development Partner · 29 April 2025CMI, Fairgrove, and CODEX formed an exclusive international consulting partnership called 'Consulting For Capital' to serve European corporations and private equity firms. The alliance combines 170 consultants across London, Paris, Madrid, Munich, Frankfurt, and Zurich, having completed over 1,500 projects collectively. All partners retain independence and owner-led governance.
• CODEXflagshipStrategic or Co-development Partner · 29 April 2025CMI, Fairgrove, and CODEX formed an exclusive international consulting partnership called 'Consulting For Capital' to serve European corporations and private equity firms. The alliance combines deep local knowledge, craftsmanship, and high-touch service levels into a pan-European platform with scale and reach.
• Think CreativecoreStrategic or Co-development PartnerInternational partnership for innovation consulting. Think Creative is present in the US, Asia, and Europe. The joint venture CMI-Think Creative enables personalized international accompaniment for clients seeking innovation strategy support across multiple geographies.
• KaléliaminorImplementation/ SI/ Consulting PartnerDigital agency responsible for website design and development. Located in Nantes, France. Kalélia developed and maintains the CMI corporate website.
• WelcomeuropecoreStrategic or Co-development PartnerWelcomeurope joined the CMI Group, expanding the firm's capabilities and service offerings within the Group structure.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Roland Berger: European-headquartered strategy consulting firm serving corporates and PE across sectors. Highly comparable to CMI's mid-market European strategy and transformation offering, including PE due diligence and value-creation work.
• L.E.K. Consulting: Global strategy consulting firm with one of the largest dedicated private equity commercial-due-diligence practices. Comparable to CMI's PE-focused buy-side/sell-side due diligence and value-creation mandate footprint.
• Alvarez & Marsal: Global professional services firm with a private equity performance improvement and transaction advisory practice. Overlaps with CMI's commercial/strategic due diligence and value-creation plan services for PE sponsors.
• OC&C Strategy Consultants: Independent global strategy boutique with strong consumer-facing and PE due-diligence expertise. Comparable to CMI's sector-specialized, owner-led boutique model and PE deal-sourcing support offering.

Regional players

• Wavestone: Paris-headquartered consulting firm serving French and European clients on strategy and transformation. Directly competes with CMI in the French mid-market for both corporate transformation and PE advisory mandates.
• Sia Partners: Paris-based management and technology consultancy with transformation and sector advisory practices. Comparable to CMI's French-rooted, multi-sector mid-market positioning and transformation consulting focus.
• Eleven Consulting: French boutique consulting firm focused on strategy, organization and transformation. Closely comparable to CMI's mid-size, France-based, sector-specialized strategy and transformation offering.

Broad incumbents

• Bain & Company: Global top-tier strategy consulting firm with deep private equity practice (Bain & Company) and private equity fund (Bain Capital). Represents the upper-bound incumbent competition for CMI's larger PE and corporate strategy mandates.
• Oliver Wyman: Global management consulting firm serving financial services, healthcare, energy and other sectors. Broad incumbent comparator for CMI's sector-specific strategy and transformation work.

Emerging players

• Kepler (consulting arm of European mid-market): European mid-market consulting firms offering M&A advisory and due diligence support to PE funds. Operates in adjacent niches to CMI's PE commercial due diligence and vendor due diligence services.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cmi-strategies

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about cmi strategies