21 Invest
21 Invest is a Paris private equity firm with €1.5B AUM, 28 active companies and 28 exits.
- ·14 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 27 realized deals: 5 years.
- ·Best return: 4.0x MOIC on DL Software (2021).
- ·Fund cadence: ~3Y between vintages · last raise 2024.
Sector breakdown
56 companiesGeography breakdown
4 geographiesKey facts
Recent exits
21 Invest sold FMA Assurances to Synex (Canada) in 2026 after 8 years.
21 Invest sold Philippe Model to Swinger International in 2025 after 6 years.
21 Invest sold Sifi to Faes Farma in 2025 after 15 years.
21 Invest sold ProductLife Group to 21 Invest PLG Continuation Fund and Oakley Capital in 2024 after less than a year.
Coverage notes
7 funds tracked, 56 portfolio companies (28 active · 28 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund 21 Invest has raised, with its portfolio companies. Hand-checked from public filings.
21 Invest HealthcareBuyout2024€70M3 assetsBuyout2024 · 2yr€70M3–
Unrealized
3 held| Company | Entry |
|---|---|
| Else Solutions MedTech · Italy | 2025 |
| Nu3 Healthcare | 2025 |
| Prosol Consumer · Italy | 2025 |
21 Invest PLG Continuation FundBuyout2024€220M2 assets1 exitsBuyout2024 · 2yr€220M21
Unrealized
2 held| Company | Entry |
|---|---|
| Grupo Celesa Industrials · Spain | 2026 |
| ParkinGO Group Business Services · Italy | 2025 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| ProductLife Group Pharma · France | 2024 | 2024 | Continuation Vehicle | 21 Invest PLG Continuation Fund and Oakley Capital | – |
21 Invest France Fund VIBuyout2022€261M7 assetsBuyout2022 · 4yr€261M7–
Unrealized
7 held| Company | Entry |
|---|---|
| Agorastore SaaS · France | 2022 |
| Conex SaaS · France | 2023 |
| Donora Consumer · Italy | 2024 |
| Edukea Business Services · France | 2021 |
| Groupe Voltaire France | 2021 |
| Kali Environnement Business Services · France | 2026 |
| Rocamed MedTech · France | 2024 |
21 Invest Italy IVBuyout20229 assetsBuyout2022 · 4yr–9–
Unrealized
9 held| Company | Entry |
|---|---|
| Consydera Software · Italy | 2020 |
| Energreen Agriculture · Italy | 2022 |
| Estela Group Consumer · Italy | 2022 |
| In&Out Construction · Italy | 2021 |
| Omega Pharma Pharma · Italy | 2024 |
| ParkinGO Business Services · Italy | 2025 |
| TheNiceKitchen Consumer · Italy | 2024 |
| Trime Construction · Italy | 2022 |
| Witors Consumer · Italy | 2021 |
21 Invest France Fund VBuyout2017€230M5 assets13 exitsBuyout2017 · 9yr€230M513
Unrealized
5 held| Company | Entry |
|---|---|
| Cieffe Derma Healthcare · Italy | 2025 |
| ESO Education · France | 2021 |
| Krupps Industrials · Italy | 2025 |
| TVH Consulting IT Services · France | 2021 |
| TVH Group IT Services · France | 2021 |
Realized
13 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Coyote TMT · France | 2010 | 2014 | Secondary | Management (MBO) | – |
| DL Software SaaS · France | 2017 | 2021 | Secondary | TA Associates | 4.0x |
| FMA Assurances Financials · France | 2018 | 2026 | Trade Sale | Synex (Canada) | – |
| Impact Business Services · France | 2015 | 2022 | Secondary | Alpha Private Equity | – |
| Interflora Consumer · France | 2007 | 2011 | Secondary | Chevrillon & HLD | – |
| Landanger MedTech · France | 2018 | 2024 | Secondary | IDIA Capital Investissement + CARVEST + BNP Paribas Developpement | – |
| LV Overseas Logistics · France | 2019 | 2022 | Secondary | MML Capital + Bpifrance | – |
| MaxiCoffee Consumer · France | 2017 | 2022 | Trade Sale | Lavazza | – |
| Nadella Industrials · Italy | 2014 | 2018 | Secondary | ICG (Intermediate Capital Group) | – |
| Orisha SaaS · France | 2017 | 2021 | Secondary | TA Associates | – |
| ProductLife Group Pharma · France | 2017 | 2024 | Continuation Vehicle | 21 Invest France single-asset Continuation Fund (lead, EUR220m; Hayfin/Eurazeo lead investors) alongside Oakley Capit... | – |
| Skill & You Education · France | 2015 | 2019 | Secondary | Andera Partners (Winch Capital 4) | – |
| Synerlab Pharma · France | 2013 | 2024 | Secondary | Blue Wolf Capital | – |
21 Investimenti IIIBuyout2016€343M2 assets5 exitsBuyout2016 · 10yr€343M25
Unrealized
2 held| Company | Entry |
|---|---|
| Casa Vinicola Zonin Consumer · Italy | 2018 |
| Gianni Chiarini Consumer · Italy | 2017 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Apaczka SaaS · Poland | 2017 | 2020 | Secondary | Abris Capital | – |
| Farnese Vini Consumer · Italy | 2014 | 2016 | Secondary | NB Renaissance | – |
| Forno d Asolo Consumer · Italy | 2014 | 2018 | Secondary | BC Partners | – |
| Philippe Model Consumer · Italy | 2019 | 2025 | Trade Sale | Swinger International | – |
| Viabizzuno Industrials · Italy | 2014 | 2021 | Secondary | Clessidra | – |
21 Investimenti IIBuyout20080 assets9 exitsBuyout2008 · 18yr–09
Realized
9 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Assicom Financials · Italy | 2012 | 2016 | Trade Sale | Tecnoinvestimenti | – |
| Carton Pack Industrials · Italy | 2018 | 2022 | Trade Sale | A&M Capital Europe | – |
| GPP Industrials · Italy | 2011 | 2013 | Trade Sale | Piero Capodieci & Soci | – |
| PittaRosso Consumer · Italy | 2011 | 2014 | Secondary | Lion Capital | – |
| Poligof Industrials · Italy | 2006 | 2013 | Secondary | Portobello Capital | – |
| RGI SaaS · Italy | 2011 | 2014 | Trade Sale | Ardian | – |
| Sifi Pharma · Italy | 2010 | 2025 | Trade Sale | Faes Farma | – |
| The Space Cinema Hospitality · Italy | 2011 | 2014 | Trade Sale | Vue Entertainment | – |
| Valbart Industrials · Italy | 2008 | 2010 | Trade Sale | Flowserve | – |
About 21 Invest
21 Invest is a family-office investment holding with capital deployed across 7 active fund vehicles, headquartered in Paris. The platform deploys permanent capital into consumer, healthcare, industrials, software, business services and financials businesses, structured to enable long-holding-period equity partnerships unconstrained by traditional fund duration.
Investment thesis
21 Invest deploys permanent capital into consumer, healthcare, industrials, software, business services and financials businesses across France and selectively across Europe, with the family-office structure enabling long-holding-period equity partnerships unconstrained by typical fund duration. Investment focus combines majority and significant minority stakes with operational partnership rights, supporting management teams through growth, transmission and selective M&A activity over multi-decade horizons.
Recent activity
Recent realised exits include FMA Assurances (financials, 2026), Sifi (healthcare, 2025), Philippe Model (consumer, 2025) and Synerlab (healthcare, 2024). The platform tracks 7 fund vehicles, 22 active portfolio companies and 26 realised exits across the strategy's history.
Portfolio platforms backed by 21 Invest made 6 researched add-on acquisitions during its ownership.
Frequently asked questions
- How many portfolio companies does 21 Invest have?
- 21 Invest has 28 active portfolio companies and 28 completed exits and 7 funds tracked on GP Intel.
- Where is 21 Invest headquartered?
- 21 Invest is headquartered in Paris, France.
- What is 21 Invest's assets under management?
- 21 Invest manages approximately €1.5B in assets under management.
- What are 21 Invest's recent exits?
- Recent realized exits by 21 Invest include: FMA Assurances (2026) to Synex (Canada); Philippe Model (2025) to Swinger International; Sifi (2025) to Faes Farma; ProductLife Group (2024) to 21 Invest PLG Continuation Fund and Oakley Capital; Landanger (2024) to IDIA Capital Investissement + CARVEST + BNP Paribas Developpement; ProductLife Group (2024) to 21 Invest France single-asset Continuation Fund (lead, EUR220m; Hayfin/Eurazeo lead investors) alongside Oakley Capit...; Synerlab (2024) to Blue Wolf Capital; Impact (2022) to Alpha Private Equity.
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