Private equity firms in France contribute to economic growth by investing in companies across various sectors. They typically focus on small and medium-sized enterprises, providing capital and strategic advice to enhance performance and growth. As the demand for investment flexibility rises, many firms are shifting toward sustainable and impact-driven investing. This trend not only addresses contemporary challenges but also promises returns aligned with responsible practices. The industry is poised for further innovation, particularly in adapting technology and integrating ESG factors into investment strategies to attract a more conscientious investor base.

This list features 22 private equity firms based in France, primarily located in Paris, varying in size from small teams to larger organizations. Established between the early 1970s and the 2020s, these firms often specialize in different sectors such as infrastructure, healthcare, and technology, providing tailored capital solutions and management expertise. Many have carved out successful niches, demonstrating a commitment to ESG principles and sustainable investing strategies.

Continue reading to discover the top private equity firms in France.

Top 22 Private Equity Firms Companies in France

1. Ardian

• Website: ardian.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 52%, United Kingdom (UK) 13%, United States (USA) 11%, Other 24%
• Founded year: 1996
• Headcount: 1001-5000
• LinkedIn: ardian

Ardian is an investment management firm based in Paris, France, founded in 1996. The company specializes in private equity, real assets, and credit solutions, providing tailored investment strategies to a range of clients, including institutional investors, family offices, and pension funds. With approximately 1,600 employees and a global footprint that includes 19 offices worldwide, Ardian manages around $169 billion in assets. The firm is known for its commitment to sustainable finance, aiming to create lasting value for its clients while fulfilling social responsibilities. Ardian's investment expertise spans various sectors, including private equity, infrastructure, real estate, and private credit, allowing them to offer a wide array of investment opportunities. Their focus on customized solutions and strong client relationships positions them as a significant player in the private equity market.

2. AfricInvest Group

• Website: africinvest.com
• Ownership type: Private Equity
• Headquarters: Paris, Île-De-France, France
• Employee distribution: Tunisia 56%, Kenya 12%, Nigeria 7%, Other 25%
• Latest funding: Other (Debt), $10.1M, June 2024
• Founded year: 1994
• Headcount: 51-200
• LinkedIn: tuninvest

AfricInvest Group, founded in 1994 and headquartered in Paris, is a private equity firm dedicated to investing in small and medium-sized enterprises (SMEs) throughout Africa. With a team of over 100 professionals and offices across the continent, AfricInvest has raised approximately $2 billion across 21 funds. The firm focuses on high-growth sectors such as financial services, agribusiness, consumer/retail, education, and healthcare. AfricInvest not only provides capital but also strategic support to help businesses scale and expand into new markets. Their investment philosophy centers on taking significant minority or majority stakes in companies, with a commitment to enhancing corporate governance and operational efficiency. Recently, AfricInvest has been active in securing funding, including a €9.3 million facility with Oikocredit, demonstrating their ongoing engagement in the market. Their involvement in co-founding the African Venture Capital Association and other industry initiatives further underscores their commitment to fostering private equity in the region.

3. Essling Capital

• Website: esslingcapital.com
• Ownership type: Family Owned
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 100%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: essling-capital

Essling Capital is an independent investment management firm based in Paris, specializing in private equity with a focus on unlisted assets across Europe and North America. Established in 2017, the firm manages and advises over €650 million, offering tailored investment solutions to institutional investors and high-net-worth individuals. Essling Capital employs Lead Investment and Co-investment strategies, allowing them to engage actively in the market and pursue growth equity and buyout opportunities. The firm prides itself on a rigorous decision-making process, which aids in identifying and executing attractive investment opportunities. Additionally, Essling Capital is a signatory of the UN Principles for Responsible Investment, reflecting its commitment to integrating ESG considerations into its investment practices. Their portfolio includes investments in various sectors, such as healthcare, technology, and financial services, showcasing their strategic approach to capital allocation.

4. InfraVia Capital Partners

• Website: infraviacapital.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 94%, Luxembourg 6%
• Founded year: 2008
• Headcount: 51-200
• LinkedIn: ofi-infravia

InfraVia Capital Partners is a private equity firm established in 2008, headquartered in Paris, France. The firm specializes in investments across several sectors, including infrastructure, critical metals, real estate, and technology. With a team of around 98 professionals, InfraVia connects institutional investors with businesses that require capital for growth. They focus on long-term value creation through active management and strategic partnerships, emphasizing sustainable development in their portfolio companies. InfraVia has raised €15 billion in capital and has made 56 investments across 15 European countries, showcasing their commitment to driving growth in resilient businesses. Their investment strategies are designed to capitalize on trends such as urbanization, digital transformation, and the energy transition, positioning them as a significant player in the private equity market.

5. Committed Advisors

• Website: committedadvisors.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 71%, United States (USA) 17%, Singapore 12%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: committed-advisors

Committed Advisors is an independent investment management firm based in Paris, France, with additional offices in New York and Singapore. Founded in 2010, the firm specializes in private equity solutions, offering tailored liquidity options for institutional investors and high-net-worth individuals. Their focus areas include secondary transactions, co-investments, and primary commitments, allowing them to navigate complex investment landscapes effectively. As of now, Committed Advisors manages approximately €6.0 billion in assets and has completed over 200 transactions. The firm recently closed its fifth-generation flagship secondary fund, Committed Advisors Secondary Fund V, with €2.6 billion in commitments, reflecting strong investor trust and a robust strategy in the private equity market. Committed Advisors is committed to responsible investment, integrating Environmental, Social, and Governance (ESG) principles into their investment processes, which underscores their dedication to sustainable practices in the industry.

6. SBV (Société Balnéaire Varoise)

• Website: sbv.com
• Ownership type: Private
• Headquarters: Six-Fours-Les-Plages, Provence-Alpes-Côte D'Azur, France
• Employee distribution: France 100%
• Founded year: 1988
• Headcount: 51-200
• LinkedIn: soci%c3%a9t%c3%a9-baln%c3%a9aire-varoise12

SBV (Société Balnéaire Varoise), founded in 1988 and based in Six-Fours-Les-Plages, France, operates as a private equity firm specializing in investment management and advisory services. The firm focuses on acquiring and managing unique business assets that show exceptional potential for growth. SBV has successfully invested in various sectors, including real estate, hospitality, entertainment, and technology, with a portfolio that boasts over 80 operating companies since its inception. The firm emphasizes a disciplined investment approach, combining financial modeling with a keen understanding of business dynamics. SBV is committed to maximizing returns while managing risks effectively, leveraging a network of experts across multiple industries to support their portfolio companies. Their founder, Amit Raizada, has a strong entrepreneurial background and a vision for investing in ventures that not only promise financial returns but also contribute positively to society.

7. LBO France

• Website: lbofrance.com
• Ownership type: Family Owned
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 87%, Italy 8%, Germany 3%, Other 3%
• Founded year: 1985
• Headcount: 51-200
• LinkedIn: lbo-france

LBO France, based in Paris, is an investment firm that specializes in private equity, real estate, and venture capital. Established in 1985, the firm has over 30 years of experience in the investment sector. LBO France focuses on creating value through strategic investments in mid-cap and small-cap companies, as well as in the digital health sector. The firm has a notable commitment to ESG principles, ensuring that its investment practices are sustainable and responsible. With approximately 3 billion euros in assets under management, LBO France has made over 240 investments since its inception. The firm serves a range of clients, including institutional investors and family offices, who seek to optimize their investment portfolios. LBO France has also expanded its reach beyond France, establishing a presence in Italy and Africa, which reflects its ambition to tap into new markets and opportunities.

8. Apax Partners sas

• Website: apax.fr
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Founded year: 1972
• Headcount: 51-200
• LinkedIn: apax-partners-sas

Apax Partners sas, known as Apax by Seven2, is an investment management firm based in Paris, France. Established in 1972, the firm specializes in private equity, offering tailored investment solutions such as the FCPR Apeo and the Apax Development Fund II. These funds are designed to provide access to private equity investments for private clients and institutional investors, which are typically reserved for professional investors. Apax Partners sas manages €615 million in assets specifically for private clients and a total of €5 billion across its investment strategies. The firm has been active in the market, recently investing in the School of Arts, a private higher education group, and successfully exiting its investment in Europe Snacks, a leader in the production of private label snacks. Their approach focuses on small to medium-sized enterprises, particularly in sectors like technology, telecom, services, and healthcare, reflecting a commitment to fostering growth in these industries.

9. Flexstone Partners

• Website: flexstonepartners.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 45%, United States (USA) 33%, Switzerland 19%, Other 3%
• Founded year: 2005
• Headcount: 51-200
• LinkedIn: euro-private-equity

Flexstone Partners is an investment management firm based in Paris, France, with additional offices in New York, Geneva, and Singapore. Established in 2005, the firm specializes in private equity, real estate, private debt, and infrastructure solutions. Flexstone caters to institutional investors and high-net-worth individuals, offering customized investment strategies and advisory services to navigate the complexities of private markets. The firm has a strong emphasis on client collaboration, ensuring that each investment approach aligns with the unique objectives of their clients. With over $10 billion in assets under management, Flexstone has built a reputation for focusing on small- to mid-cap markets, where they identify compelling investment opportunities. Their commitment to responsible investing is evident through their adherence to ESG principles, aiming to create sustainable value. As part of the Natixis Investment Managers family, Flexstone benefits from a robust network and resources, further enhancing their ability to deliver effective investment solutions.

10. 123 Investment Managers

• Website: 123-im.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 94%, China 2%, Algeria 2%, Other 2%
• Founded year: 2001
• Headcount: 51-200
• LinkedIn: 123-investment-managers

123 Investment Managers, based in Paris, is an investment management firm that specializes in private equity and real estate. Established in 2001, the firm has built a reputation for providing investment solutions tailored to both private and institutional investors. They focus on sectors that are increasingly relevant in today's economy, such as health, energy transition, and tourism. With a strong emphasis on sustainable investment practices, 123 IM aims to balance financial performance with social and environmental responsibility. The firm has successfully invested around 2.5 billion euros in the real economy, supporting entrepreneurs and businesses that contribute to the future of society. Their expertise extends to various investment vehicles, including funds of funds and private debt, showcasing their multifaceted approach to capital management. As a regulated entity by the AMF, they are recognized as a key player in the private equity space in France.

11. Latour Capital

• Website: latour-capital.fr
• Ownership type: Private Equity
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 100%
• Latest funding: January 2025
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: latour-capital

Latour Capital, founded in 2011 and based in Paris, is an independent investment management firm specializing in private equity investments. With a dedicated team of ten partners and a total of 44 employees, the firm has successfully grown its assets under management from 115 million euros to over 3.5 billion euros in just over a decade. This remarkable growth reflects their ability to identify and capitalize on investment opportunities across various sectors. Latour Capital is fully owned by its team, which fosters a strong alignment of interests between the firm and its investors. The firm is regulated by the AMF, ensuring compliance with industry standards. Recent activities include significant investments in companies like European Digital Group and Systra, showcasing their proactive approach to enhancing portfolio value and driving growth. Their commitment to promoting talent within the firm further underscores their focus on operational excellence and strategic development.

12. Triago

• Website: triago.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: United States (USA) 100%
• Founded year: 1992
• Headcount: 11-50
• LinkedIn: triago

Triago is a private equity advisory firm based in Paris, France, with a history dating back to 1992. The firm specializes in fundraising and strategic advisory services tailored for private equity funds and institutional investors. With a dedicated team of professionals, Triago has built a strong reputation for helping clients navigate the complexities of private equity investments. They have successfully raised over $6 billion annually and manage more than 50 assignments each year, showcasing their active involvement in the industry. Triago operates globally, with offices in key financial hubs including New York, Dubai, London, and San Diego. Their recent integration into Houlihan Lokey further enhances their capabilities and market presence, allowing them to offer even more comprehensive services to their clients.

13. Opale Capital

• Website: opalecapital.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 100%
• Founded year: 2022
• Headcount: 1-10
• LinkedIn: opalecapital-by-tko

Opale Capital, based in Paris, is an investment firm that specializes in private equity and private debt. Founded in 2022, it aims to bridge the gap between individual investors and high-quality investment opportunities typically reserved for institutional clients. The firm employs a rigorous fund selection process, ensuring that only a small percentage of analyzed funds are chosen for investment. Opale Capital offers various strategies, including co-investment and growth buyout, catering to the needs of financial advisors and their clients. As a subsidiary of Tikehau Capital, Opale Capital benefits from the extensive experience and resources of its parent company, which has over 200 years of cumulative experience in the private equity sector. This affiliation enhances its credibility and operational capabilities, positioning it as a noteworthy option for investors looking to access the private equity market.

14. Elyseum Investment

• Website: elyseum-investment.com
• Ownership type: Family Owned
• Headquarters: Paris, Île-De-France, France
• Employee distribution: Luxembourg 60%, Switzerland 40%
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: elyseum-investment

Elyseum Investment is an independent investment firm based in Paris, France, founded in 2011. The company specializes in private equity, real estate, and family office services, providing tailored investment solutions to institutional investors and family offices. With a portfolio exceeding €2.5 billion, Elyseum emphasizes long-term value creation and responsible investment practices. The firm has a strong focus on sustainable infrastructures and tangible assets, aiming to optimize client returns while addressing environmental challenges. Elyseum has successfully executed over 100 transactions across various sectors, demonstrating a proven track record in generating sustainable value. Their commitment to active management and rigorous risk monitoring ensures that they remain aligned with their clients' long-term objectives. Elyseum operates from multiple locations, including Paris, London, Geneva, and Luxembourg, and has developed a network of partnerships that enhances their investment capabilities.

15. Access Capital Partners

• Website: access-capital-partners.com
• Ownership type: Private Equity
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 65%, United Kingdom (UK) 12%, Belgium 10%, Other 13%
• Latest funding: $24.4M, August 2022
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: access-capital-partners

Access Capital Partners, founded in 1998 and based in Paris, is an independent investment management firm specializing in private assets across Europe. The firm focuses on smaller buy-outs, infrastructure, and private debt, providing tailored investment solutions to institutional investors and private clients. With a dedicated team of professionals, Access Capital Partners has built a strong reputation for its commitment to responsible investing and the integration of Environmental, Social, and Governance (ESG) factors into its investment strategies. The firm has raised approximately €14.3 billion in assets under management since its inception, reflecting its ability to attract a broad base of investors. Access Capital Partners operates across key European markets, including France, the UK, Belgium, and Finland, and has established a network of relationships with over 350 investors. Their investment approach emphasizes operational improvements and sustainable growth, making them a notable player in the private equity sector.

16. Apicap

• Website: apicap.fr
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: otc-asset-management

Apicap is an independent investment management firm based in Paris, founded in 2001. Specializing in private equity and real estate, Apicap offers tailored investment solutions aimed at entrepreneurs and investors. The firm manages approximately €700 million in assets, focusing on small and medium-sized enterprises that are often overlooked by larger financial institutions. Apicap operates through various business units, including funds for capital development and transmission, as well as regional venture capital initiatives. Their innovative approach includes a fund dedicated to the burgeoning esports sector, reflecting their commitment to investing in growth areas. Apicap emphasizes a sustainable development strategy, integrating ESG principles into their investment philosophy, which further enhances their relevance in today's investment climate.

17. Lfpi

• Website: lfpi.fr
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 51%, Luxembourg 16%, United States (USA) 14%, Other 20%
• Founded year: 2002
• Headcount: 201-500
• LinkedIn: lfpi

Lfpi, or Groupe LFPI, is an independent investment management firm based in Paris, France. Established in 2002, the firm specializes in asset management, private equity, real estate, and private wealth management. With a robust portfolio of over €27 billion in assets under management, Lfpi caters to both institutional and private clients, offering tailored investment strategies aimed at achieving sustainable returns. The firm has expanded its operations internationally, with offices in key financial hubs across Europe, the United States, and Asia. Lfpi's investment approach is characterized by a focus on private equity and private debt, as well as real estate investments, reflecting their commitment to prudent and responsible investment practices. Their team of approximately 400 professionals is dedicated to delivering specialized services to meet the financial needs of their clientele.

18. Pergam

• Website: pergam.net
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 100%
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: pergam-finance

Pergam is an investment management firm based in Paris, founded in 2001. With a team of around 34 professionals, Pergam specializes in portfolio management, private equity, and real estate services. The firm offers a range of investment funds tailored for private, family office, and institutional clients, aiming to help them achieve sustainable returns in complex financial markets. Pergam's private equity activities include investments in various sectors, such as transportation equipment and hospitality, demonstrating their commitment to supporting companies with strong management and growth potential. They have a significant focus on international investments, particularly in Europe and the United States, and manage approximately 850 million in assets. Their approach emphasizes co-investment and active engagement with the companies they support, reflecting an entrepreneurial spirit in their investment strategy.

19. Azulis Capital

• Website: azuliscapital.fr
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 100%
• Founded year: 2000
• Headcount: 11-50
• LinkedIn: azulis-capital

Azulis Capital is an investment management firm located in Paris, Île-De-France, France. Established in 2000, the firm specializes in private equity and middle market funds, providing investment management services to businesses and institutional investors. Azulis Capital focuses on capital growth through strategic investments in various sectors, including health and personal services, business services, food and beverages, and consumer products. The firm is dedicated to responsible investing, implementing an ESG approach that emphasizes sustainability and governance. With a team of 28 employees, Azulis Capital actively manages portfolios and advises clients on investment opportunities, showcasing their expertise in the private equity market.

20. Meanings Capital Partners

• Website: meanings.com
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 100%
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: meechaert-capital-partners

Meanings Capital Partners is a multi-strategy investment firm based in Paris, France, founded in 2015. The firm focuses on private equity, infrastructure, and real estate investments, providing strategic and financial resources to business leaders and real estate operators. With a commitment to sustainability, Meanings Capital Partners integrates responsible investment practices into its operations, aiming to create long-term value for its stakeholders. The firm has managed approximately 1.4 billion euros since its inception and has completed over 60 investments across various sectors, including growth, mid-cap, and real estate. Their approach emphasizes collaboration with management teams to support ambitious development and transformation projects, ensuring alignment of interests and shared risk. Meanings Capital Partners is also certified as a B Corp, reflecting its dedication to social and environmental performance.

21. Altaroc

• Website: altaroc.pe
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 95%, Switzerland 5%
• Founded year: 2021
• Headcount: 51-200
• LinkedIn: altaroc

Altaroc is an investment management firm based in Paris, France, specializing in private equity. Founded in 2021, the company aims to provide private and institutional investors with access to high-quality private equity opportunities. Altaroc offers a range of investment products, including 'Discovery', 'Odyssey', and 'Infinity', each designed to cater to different investment needs and levels of commitment. The firm emphasizes educational resources to help clients navigate the complexities of private equity investing. With a team of experienced professionals, Altaroc is focused on selecting fund managers with proven track records to ensure optimal performance for its clients. The firm operates primarily in France, with a small presence in Switzerland, and is committed to transparency and client engagement through various resources such as webinars and educational videos.

22. M Capital

• Website: mcapital.fr
• Ownership type: Family Owned
• Headquarters: Toulouse, Occitanie, France
• Employee distribution: France 100%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: midi-capital

M Capital, founded in 2002 and headquartered in Toulouse, France, is an investment firm that specializes in private equity, venture capital, real estate, and private debt. With a workforce of around 74 employees, the firm manages over 635 million euros in assets for a variety of clients, including private investors, institutional clients, and public organizations. M Capital is dedicated to responsible investment strategies that align with economic, environmental, and social values. They actively seek to create value through impactful investments and provide training services to enhance investor knowledge. Recently, M Capital joined the B Corp community, reflecting its commitment to a more inclusive and sustainable economy. Their investment focus includes supporting the growth of SMEs and mid-sized companies, particularly those engaged in ecological transitions and innovation. M Capital's approach is characterized by a strong emphasis on social responsibility and environmental sustainability, making them a notable player in the private equity industry.

Private Equity Firms Insights: Key Companies in France

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