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21 Invest

21 Invest

Paris, France·21invest.com
AUM
€1.5B
Funds
7
vintages 2008–2024
Portfolio
28
Exits
28

21 Invest is a Paris private equity firm with €1.5B AUM, 28 active companies and 28 exits.

Key takeaways
  • ·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 companies
Consumer
13 · 23%
Industrials
8 · 14%
SaaS
6 · 11%
Business Services
5 · 9%
Pharma
5 · 9%
MedTech
3 · 5%
Healthcare
2 · 4%
Construction
2 · 4%

Geography breakdown

4 geographies
Italy
31 · 55%
France
22 · 39%
Spain
1 · 2%
Poland
1 · 2%

Key facts

HQParis, France

Recent exits

21 Invest sold FMA Assurances to Synex (Canada) in 2026 after 8 years.

Philippe Model

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.

ProductLife Group

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.

7 funds
21 Invest Healthcare
Buyout2024€70M3 assets

Unrealized

3 held
CompanyEntry
Else Solutions
MedTech · Italy
2025
Nu3
Healthcare
2025
Prosol
Consumer · Italy
2025
21 Invest PLG Continuation Fund
Buyout2024€220M2 assets1 exits

Unrealized

2 held
CompanyEntry
Grupo Celesa
Industrials · Spain
2026
ParkinGO Group
Business Services · Italy
2025

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
ProductLife Group
Pharma · France
20242024Continuation Vehicle21 Invest PLG Continuation Fund and Oakley Capital–
21 Invest France Fund VI
Buyout2022€261M7 assets

Unrealized

7 held
CompanyEntry
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 IV
Buyout20229 assets

Unrealized

9 held
CompanyEntry
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 V
Buyout2017€230M5 assets13 exits

Unrealized

5 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Coyote
TMT · France
20102014SecondaryManagement (MBO)–
DL Software
SaaS · France
20172021SecondaryTA Associates4.0x
FMA Assurances
Financials · France
20182026Trade SaleSynex (Canada)–
Impact
Business Services · France
20152022SecondaryAlpha Private Equity–
Interflora
Consumer · France
20072011SecondaryChevrillon & HLD–
Landanger
MedTech · France
20182024SecondaryIDIA Capital Investissement + CARVEST + BNP Paribas Developpement–
LV Overseas
Logistics · France
20192022SecondaryMML Capital + Bpifrance–
MaxiCoffee
Consumer · France
20172022Trade SaleLavazza–
Nadella
Industrials · Italy
20142018SecondaryICG (Intermediate Capital Group)–
Orisha
SaaS · France
20172021SecondaryTA Associates–
ProductLife Group
Pharma · France
20172024Continuation Vehicle21 Invest France single-asset Continuation Fund (lead, EUR220m; Hayfin/Eurazeo lead investors) alongside Oakley Capit...–
Skill & You
Education · France
20152019SecondaryAndera Partners (Winch Capital 4)–
Synerlab
Pharma · France
20132024SecondaryBlue Wolf Capital–
21 Investimenti III
Buyout2016€343M2 assets5 exits

Unrealized

2 held
CompanyEntry
Casa Vinicola Zonin
Consumer · Italy
2018
Gianni Chiarini
Consumer · Italy
2017

Realized

5 exits
CompanyEntryExitTypeBuyerMOIC
Apaczka
SaaS · Poland
20172020SecondaryAbris Capital–
Farnese Vini
Consumer · Italy
20142016SecondaryNB Renaissance–
Forno d Asolo
Consumer · Italy
20142018SecondaryBC Partners–
Philippe Model
Consumer · Italy
20192025Trade SaleSwinger International–
Viabizzuno
Industrials · Italy
20142021SecondaryClessidra–
21 Investimenti II
Buyout20080 assets9 exits

Realized

9 exits
CompanyEntryExitTypeBuyerMOIC
Assicom
Financials · Italy
20122016Trade SaleTecnoinvestimenti–
Carton Pack
Industrials · Italy
20182022Trade SaleA&M Capital Europe–
GPP
Industrials · Italy
20112013Trade SalePiero Capodieci & Soci–
PittaRosso
Consumer · Italy
20112014SecondaryLion Capital–
Poligof
Industrials · Italy
20062013SecondaryPortobello Capital–
RGI
SaaS · Italy
20112014Trade SaleArdian–
Sifi
Pharma · Italy
20102025Trade SaleFaes Farma–
The Space Cinema
Hospitality · Italy
20112014Trade SaleVue Entertainment–
Valbart
Industrials · Italy
20082010Trade SaleFlowserve–

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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Last updated August 2026 · Sourced from public filings · Report an issue