Candesic is a leading strategy consultancy head-quartered in London, serving private operators, investors, and public sector organisations

New Zealand House, 80 Haymarket, London, SW1Y 4TQ

Healthcare Research & Development Strategy

Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organisations

Glass Door
Team Size 50 - 75
Established 2002

Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organisations

Our main practices are healthcare and social care, aerospace, defence and security.

Candesic offers clients a unique model of consulting that delivers insight beyond what other consultancies traditionally offer. The firm is led by consultants with a wealth of international experience, supported by well-established teams with deep expertise across sectors, unrivalled access to decision makers and a focus on high quality, original primary research. A rigorous approach to data collection and analysis, coupled with sophisticated insight from interviews, drives the development of our solutions. High-level access delivers opinion and forecasts from industry heavyweights, policy makers and stakeholders. We specialise in strategy for companies looking for expert advice on how to best capitalise on market trends, maximise their profitability and improve their offering to service users and commissioners.

Private equity firms, banks, operators, and the NHS rely upon us for commercial due diligence advice. We help clients, buy, sell, and refinance businesses across a variety of sectors. Our name is well known among lending banks, leading our reports to be used to raise debt and to support refinancing. Private equity firms rely on us to help them acquire businesses as well as prepare them for sale or IPO. Property and asset portfolio investors rely on us to give them comfort in the businesses underlying their investment.

Corporate operators large and small, the NHS, local and central government, and charities, use Candesic to help them solidify their position in the marketplace, expand internationally and/or diversify, protect against regulatory/technology changes and competitor moves, and develop a vision of the future of their industry. We also work for private equity firms to help them develop, monitor, and validate their investment strategy.

We collect data using techniques we have developed and tested over the past decade. We build web robots to collect industry and market information on a massive scale and use Big Data to draw unparalleled insights. And we collect industry benchmarking data from operators and conduct surveys to empower our market intelligence. Our team is composed of not only experts, but also practitioners. This gives us access to industry figures like no other consultancy.

Founders & Leaders

Dr Leonid Shapiro Photo

Dr Leonid Shapiro

Managing Partner & Founder

Leonid is a medical doctor, entrepreneur and management consultant and oversees Candesic's corporate and commercial due diligence work. He consults Private Equity firms, Corporate Operators, and Government Organisations in the areas of healthcare, technology, and communications focusing on strategy, marketing, and organization. Prior to founding Candesic, Leonid was a senior consultant at McKinsey & Company, London. He has also consulted to Hewlett-Packard in medical imaging product development. Leonid’s entrepreneurial ventures include being COO of a $126m software company and CEO of a telecommunications firm. He holds a D.Phil. from Magdalen College, Oxford in Radiological Imaging, a MD from Duke University in North Carolina, an undergraduate degree in Physics from Cornell University and is fluent in Russian and English.

Marc Kitten Photo

Marc Kitten


Marc has 25 years of experience of transactions and financial markets. He serves private equity funds, financial institutions and corporates and manages Candesic operations in continental Europe. Marc is a member of the boards of several high growth companies in EMEA. He is also an adjunct professor of finance at Imperial College London and a senior lecturer in strategy and finance at Edhec, ESCP-Europe, ENPC Paristech and Cass Business School. Prior to joining Candesic, Marc was a senior consultant at McKinsey & Co. and a Vice-President at Deutsche Bank in Europe. He holds an MBA from Chicago Booth, completed the Young Managers Programme at INSEAD and graduated from Edhec Business School in France. Marc speaks fluent French, English and German, conversational Spanish and Russian, and basic Mandarin.

Dr Michelle Tempest Photo

Dr Michelle Tempest


Dr Michelle Tempest MA LLM MB BChir (Cantab) ACAT has expertise in medicine, psychiatry, psychotherapy, business, law and politics. She has been a Partner at Candesic since 2013 and has led multiple projects reviewing market opportunities for investors, public and private providers to develop beneficial partnerships. She has delivered projects for NHS Trusts (acute, community and mental health), Private Hospitals, Specialist Hospitals, Private Patient Units (PPUs), Community Providers, Care Home and Care at Home. In 2006 she edited the book 'The Future of the NHS' and more recently has delivered strategy projects for the UK government on ‘new ways of working’. She has an expert interest in medical technology companies, and has worked with several MedTech companies. Previously Michelle worked as a hospital doctor and liaison psychiatrist and continues to lecture in 'medical ethics and law' at Cambridge University.

Antoine Gelain Photo

Antoine Gelain

Practice Leader, ASD & Security

Antoine is a specialist in corporate strategy and an expert in aerospace, defence and security, with more than twenty years of industry experience. After starting his career as a financial analyst for Indosuez Bank in South Korea, he worked for two leading European aerospace & defence companies (now part of EADS) in commercial management and business development roles in the Asia-Pacific region. He later joined Booz Allen & Hamilton (now Booz & co.) in London, where he advised multiple international companies and governments on strategic issues before founding his own strategy and business consulting company Octagon Partners in 2004, specialized in the aerospace, defence and security industry. In 2011, Octagon Partners merged with Candesic and became its aerospace, defence and security practice. Antoine graduated from ESSEC business school in France and holds a MBA from Harvard Business School.

Coronavirus - UK: can the NHS cope with the situation ?
FRANCE 24 English: Dr Michelle Tempest, analyst at Candesic and former NHS doctor, answered our questions.
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