Africinvest Europe
AfricInvest Europe is a French private equity firm, a subsidiary of the AfricInvest Group, managing the Franco-African Funds (FFA) dedicated to French SMEs and mid-sized companies with development projects in Africa. It focuses on minority investments in profitable, fast-growing companies, leveraging AfricInvest's extensive network and expertise to support growth and market expansion.
Africinvest Europe is a PARIS growth equity firm with €150M AUM, 20 active companies and 4 exits.
- ·4 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 4 realized deals: 6 years.
- ·Top sector focus: Industrials (33% of portfolio).
- ·Fund cadence: ~4Y between vintages · last raise 2025.
Sector breakdown
24 companiesKey facts
Recent exits
Africinvest Europe sold Les Centaures Routiers to Delsuc family (founding shareholders) in 2026 after 8 years.
Africinvest Europe sold Mathevon to Montyon Capital in 2025 after 7 years.
Africinvest Europe sold Amerigo Group to Société Générale, BNP Paribas Développement, SOCADIF Capital Investissement in 2024 after 5 years.
Africinvest Europe sold Afitex to Sparring Capital in 2023 after 5 years.
Coverage notes
3 funds tracked, 24 portfolio companies (20 active · 4 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Africinvest Europe has raised, with its portfolio companies. Hand-checked from public filings.
Fonds Franco-Africain III (FFA3)Growth2025€50M1 assetsGrowth2025 · 1yr€50M1–
Unrealized
1 held| Company | Entry |
|---|---|
| HTDS Industrials · France | 2026 |
Fonds Franco-Africain II (FFA2)Growth2020€50M11 assets1 exitsGrowth2020 · 6yr€50M111
Unrealized
11 held| Company | Entry |
|---|---|
| Etude Généalogique Guénifey Business Services · France | 2024 |
| Fondasol Construction · France | 2021 |
| Groupe Spengler Holtex MedTech · France | 2021 |
| GSH Group Industrials · France | 2024 |
| Hemodia MedTech · France | 2022 |
| Jems Software · France | 2022 |
| Pharmatis Pharma · France | 2024 |
| Ragni Industrials · France | 2021 |
| RAYNAL Assurances Financials · France | 2024 |
| Technamm Aerospace & Defence · France | 2024 |
| Tecofi Industrials · France | 2022 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Les Centaures Routiers Logistics · France | 2018 | 2026 | Recapitalization | Delsuc family (founding shareholders) | – |
Fonds Franco-Africain I (FFA1)Growth2017€77M8 assets3 exitsGrowth2017 · 9yr€77M83
Unrealized
8 heldRealized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Afitex Industrials · France | 2018 | 2023 | Trade Sale | Sparring Capital | – |
| Amerigo Group Hospitality · France | 2019 | 2024 | Secondary | Société Générale, BNP Paribas Développement, SOCADIF Capital Investissement | – |
| Mathevon Industrials · France | 2018 | 2025 | Trade Sale | Montyon Capital | – |
About Africinvest Europe
AfricInvest Europe is a French private equity firm subsidiary of the AfricInvest Group, with €150 million of assets under management and managing the Franco-African Funds (FFA) dedicated to French SMEs and mid-sized companies with development projects in Africa. Founded in 2016 and headquartered in Paris, the platform focuses on minority investments in companies with African expansion ambitions.
Investment thesis
AfricInvest Europe targets French SMEs and mid-cap companies pursuing African expansion or development projects, deploying minority equity positions aligned with the Franco-African Funds mandate. Sector focus spans Industrials, Consumer, Healthcare and selectively other French mid-market verticals where African markets represent significant growth potential. The unique Franco-African mandate distinguishes the platform from purely domestic French PE peers.
Recent activity
Recent realised exits include Mathevon (industrials, 2025), Amerigo Group (consumer, 2024) and Afitex (industrials, 2022), reflecting active distribution across the Franco-African portfolio. The platform tracks 3 funds, 19 active portfolio companies and 3 realised exits across the multi-vintage Franco-African programme.
Frequently asked questions
- What investment strategy does Africinvest Europe focus on?
- Africinvest Europe focuses on Growth strategies in the private equity space.
- How many portfolio companies does Africinvest Europe have?
- Africinvest Europe has 20 active portfolio companies and 4 completed exits and 3 funds tracked on GP Intel.
- Where is Africinvest Europe headquartered?
- Africinvest Europe is headquartered in PARIS, France.
- What is Africinvest Europe's assets under management?
- Africinvest Europe manages approximately €150M in assets under management.
- When was Africinvest Europe founded?
- Africinvest Europe was founded in 2016.
- What sectors does Africinvest Europe invest in?
- Africinvest Europe invests across Healthcare, Industrials, Business Services, Software, Consumer.
- What are Africinvest Europe's recent exits?
- Recent realized exits by Africinvest Europe include: Les Centaures Routiers (2026) to Delsuc family (founding shareholders); Mathevon (2025) to Montyon Capital; Amerigo Group (2024) to Société Générale, BNP Paribas Développement, SOCADIF Capital Investissement; Afitex (2023) to Sparring Capital.
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