Strategy Consulting · France & Italy · Private Equity Conseil en stratégie · France & Italie · Private Equity Consulenza strategica · Francia & Italia · Private Equity

Senior-led Commercial Due Diligence
for French & Italian
Small & Mid-Cap Private Equity Due diligences commerciales senior-led
pour les fonds de private equity
français & italiens Small & Mid-Cap Commercial Due Diligences senior-led
per i fondi di private equity
francesi & italiani Small & Mid-Cap

Cross-sector and France–Italy cross-border expertise. Supporting private equity funds and privately owned companies throughout their full investment lifecycle — from pre-acquisition to post-acquisition value creation. Expertise cross-sectorielle et transfrontalière France–Italie. Nous accompagnons les fonds de private equity et les entreprises privées tout au long de leur cycle d'investissement — de la due diligence à la création de valeur post-acquisition. Expertise cross-settoriale e transfrontaliera Francia–Italia. Supportiamo fondi di private equity e aziende private lungo l'intero ciclo di investimento — dalla due diligence alla creazione di valore post-acquisizione.

Contact us Nous contacter Contattaci Meet us in Milan Nous rencontrer à Milan Incontriamoci a Milano
150+ Due diligences completed Due diligences réalisées Due diligence completate
50+ PE client funds across Europe Fonds PE clients en Europe Fondi PE clienti in Europa
100% Senior involvement Implication senior Coinvolgimento senior
~85% Italian sector deal coverage (2025) Couverture sectorielle deals italiens (2025) Copertura settoriale deal italiani (2025)
What we do Ce que nous faisons Cosa facciamo

Pre- & Post-Investment
Strategy Support Accompagnement stratégique
Pré- & Post-Investissement Supporto strategico
Pre- & Post-Investimento

01
Commercial & Vendor Due Diligences (CDD & VDD) Due diligences commerciales (CDD & VDD) Commercial & Vendor Due Diligences (CDD & VDD)

High-impact CDD & VDD designed to rigorously test investment theses and identify key value creation levers. 150+ assignments completed with 100% senior involvement. We bring advanced quantitative capabilities combined with effective use of AI-powered tools, and a network of sector expert partners rapidly mobilized. Des CDD & VDD à fort impact, conçues pour tester rigoureusement les thèses d'investissement et identifier les leviers de création de valeur. 150+ missions réalisées avec 100% d'implication senior. Nous combinons des capacités quantitatives avancées, l'usage d'outils IA, et un réseau de partenaires experts sectoriels mobilisables rapidement. CDD & VDD ad alto impatto progettate per testare rigorosamente le tesi d'investimento e identificare i principali leve di creazione di valore. 150+ incarichi completati con coinvolgimento senior al 100%. Capacità quantitative avanzate, AI, e una rete di partner esperti settoriali rapidamente mobilitabili.

02
Post-Acquisition Value Creation Création de valeur post-acquisition Creazione di valore post-acquisizione

Acting as operating partners, we drive growth strategy and operational improvement. We also support the rapid integration and transformation of international subsidiaries in France and Italy, with a strong focus on tangible, short-term results. Our commitment is demonstrated through a compensation model partly based on results. En tant qu'operating partners, nous pilotons la stratégie de croissance et l'amélioration opérationnelle. Nous accompagnons également l'intégration rapide de filiales internationales en France et en Italie, avec un focus fort sur des résultats concrets à court terme. Notre engagement est de montrer par une rémunération en partie fondée sur les résultats. In qualità di operating partner, guidiamo la strategia di crescita e il miglioramento operativo. Supportiamo anche la rapida integrazione di filiali internazionali in Francia e Italia, con forte focus su risultati concreti a breve termine. Il nostro impegno si traduce in una remunerazione in parte basata sui risultati.

Why us Pourquoi nous Perché noi

A differentiated
value proposition Une proposition de valeur
différenciée Una proposta di valore
differenziata

150+ due diligences completed 150+ due diligences réalisées 150+ due diligence completate
100% senior involvement on every mandate 100% d'implication senior sur chaque mandat 100% di coinvolgimento senior su ogni mandato
A broad network of expert partners and industry specialists, readily mobilized to meet client needs Un large réseau d'experts partenaires et spécialistes sectoriels, rapidement mobilisables selon les besoins clients Un'ampia rete di partner esperti e specialisti di settore, prontamente mobilitabili per soddisfare le esigenze dei clienti
Strong France–Italy cross-border expertise Forte expertise transfrontalière France–Italie Solida expertise transfrontaliera Francia–Italia
Advanced expertise in analysing market dynamics and anticipating shifts in competitive positioning Expertise avancée dans l'analyse des dynamiques de marché et l'anticipation des évolutions du positionnement concurrentiel Expertise avanzata nell'analisi delle dinamiche di mercato e nell'anticipazione dei cambiamenti nel posizionamento competitivo
Extensive, hands-on experience in business transformation and performance improvement Expérience approfondie et concrète en transformation d'entreprise et amélioration des performances Vasta esperienza pratica nella trasformazione aziendale e nel miglioramento delle performance
A genuine vocation for working with SMEs and their leaders Une véritable vocation pour travailler avec les PME et leurs dirigeants Una vera vocazione per lavorare con le PMI e i loro dirigenti
Our approach Notre approche Il nostro approccio

A rigorous
three-step methodology Une méthodologie
en trois étapes Una metodologia
in tre fasi

01
Market Assessment Évaluation du marché Analisi del mercato

Size, dynamics, and growth drivers. Identification of structural trends and disruption vectors including AI impact analysis. Taille, dynamiques et moteurs de croissance. Identification des tendances structurelles et vecteurs de disruption, y compris l'impact de l'IA. Dimensioni, dinamiche e driver di crescita. Identificazione di tendenze strutturali e vettori di disruption, inclusa l'analisi dell'impatto dell'IA.

02
Competitive Positioning Positionnement concurrentiel Posizionamento competitivo

Rigorous benchmarking, expert interviews, analysis of positioning and strengths/weaknesses of targets. Benchmarking rigoureux, entretiens experts, analyse du positionnement et des points de force/faiblesse des cibles. Benchmarking rigoroso, interviste con esperti, analisi del posizionamento e dei punti di forza/debolezza dei target.

03
Growth & Risks Croissance & Risques Crescita & Rischi

Definition of potential upsides (quick enablers & long-term winners). Clear risk mapping, human capital assessment (when relevant), and AI disruption risk analysis. Définition des upsides potentiels (quick enablers & long term winners). Cartographie claire des risques, évaluation du capital humain (si pertinente), et du risque de disruption liés à l'IA. Definizione degli upsides potenziali (quick enablers & long-term winners). Mappatura chiara dei rischi, valutazione del capitale umano (se pertinente), e rischio di disruption legato all'AI.

Selected experience Expérience sélectionnée Esperienza selezionata

Mandates across
France & Italy Mandats à travers
la France & l'Italie Mandati in
Francia & Italia

"We have worked with more than 50 private equity funds across Europe, bringing consistent senior commitment to every mandate." "Nous avons travaillé avec plus de 50 fonds de private equity en Europe, avec un engagement senior constant sur chaque mandat." "Abbiamo lavorato con più di 50 fondi di private equity in Europa, portando un impegno senior costante su ogni mandato."
50+
The team L'équipe Il team

Two experienced founders,
fully committed Deux fondateurs expérimentés,
pleinement engagés Due fondatori esperti,
pienamente coinvolti

Giovanni Di Francesco
Giovanni Di Francesco
Partner
CDD & VDD Build-Up Strategy M&A Both-Side Advisory Growth Strategy
LinkedIn
  • 25 years in strategy consulting — Mars & Co, NeoStrategy, Neovian, Ares & Co 25 ans en conseil en stratégie — Mars & Co, NeoStrategy, Neovian, Ares & Co 25 anni nella consulenza strategica — Mars & Co, NeoStrategy, Neovian, Ares & Co
  • 5 years in investment banking — Aforge / Degroof 5 ans en banque d'investissement — Aforge / Degroof 5 anni nell'investment banking — Aforge / Degroof
  • 2 years of interim executive management — D&I 2 ans de management exécutif intérimaire — D&I 2 anni di management esecutivo interinale — D&I
  • Co-founder of Equallis Capital Co-fondateur d'Equallis Capital Co-fondatore di Equallis Capital
Bocconi University Milan · MSc Finance, London Business School
Luca Rigano
Luca Rigano
Principal
CDD & VDD Build-Up Strategy Operational Efficiency / Transformation PMI (Post-Merger Integration)
LinkedIn
  • 15 years in strategy consulting — Accenture, NeoStrategy, Neovian 15 ans en conseil en stratégie — Accenture, NeoStrategy, Neovian 15 anni nella consulenza strategica — Accenture, NeoStrategy, Neovian
  • 10 years in corporate — Automotive, Technology, Retail, Real Estate, Telecommunications 10 ans en corporate — Automobile, Technologie, Retail, Immobilier, Télécommunications 10 anni in corporate — Automotive, Tecnologia, Retail, Real Estate, Telecomunicazioni
  • Post-merger integration and operational transformation specialist Spécialiste en intégration post-fusion et transformation opérationnelle Specialista in post-merger integration e trasformazione operativa
Bocconi University Milan · MBA, Tuck School of Business at Dartmouth
Contact Contact Contatto

Let's talk about
your next project Parlons
de votre prochain projet Parliamo
del vostro prossimo progetto

Whether you are evaluating an acquisition in France or Italy, or seeking post-acquisition support, we are based in Paris and Milan, and deployable across Europe. Que vous évaluiez une acquisition en France ou en Italie, ou que vous recherchiez un accompagnement post-acquisition, nous sommes basés à Paris et Milan, déployables partout en Europe. Che stiate valutando un'acquisizione in Francia o in Italia, o cercando supporto post-acquisizione, siamo basati a Parigi e Milano, operativi in tutta Europa.

contact@neo-op.com →
Headquarters Siège social Sede principale Paris, France
Secondary office Bureau secondaire Ufficio secondario Milan, Italy
Coverage Couverture Copertura France · Italy · Cross-border Europe
Languages Langues Lingue Français · Italiano · English
Focus Small & Mid-Cap PE, SMID-cap PE Small & Mid-Cap, SMID-cap PE Small & Mid-Cap, SMID-cap