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Andera Partners

Andera Partners

Paris, France·anderapartners.com
AUM
€5.3B
Funds
25
vintages 2005–2025
Portfolio
119
Exits
181

Key facts

HQParis, France

Recent exits

Tubulis
Healthcare · 2026 · 4yr hold
AgoMab
Healthcare · 2026 · 7yr hold
Avalyn Pharma
Healthcare · 2026 · 9yr hold
Finegan
Business Services · 2026 · 7yr hold

Coverage notes

25 funds tracked, 300 portfolio companies (119 active · 181 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Andera Partners has raised, with its portfolio companies. Hand-checked from public filings.

25 funds
Andera Croissance 2Growth
2025 · 1yr1 active

Unrealized

1 held
NumansActive
FinancialsFrance· Entry 2025
Andera MidCap 6Buyout
2025 · 1yr3 active

Unrealized

3 held
HealthcareFrance· Entry 2025
AymingActive
Business ServicesFrance· Entry 2025
TMTFrance· Entry 2025
BioDiscovery 7VC
2025 · 1yr€500M6 active

Unrealized

6 held
HealthcareFrance· Entry 2025
HealthcareFrance· Entry 2026
BasisActive
· Entry 2026
BioptimusActive
HealthcareFrance· Entry 2025
EG 427Active
HealthcareFrance· Entry 2025
HealthcareFrance· Entry 2026
Acto VMezzanine
2024 · 2yr€1.1B7 active

Unrealized

7 held
CDS GroupActive
LogisticsFrance· Entry 2025
TMTFrance· Entry 2026
IndustrialsFrance· Entry 2024
EducationFrance· Entry 2024
HealthcareFrance· Entry 2025
SpartesActive
Business ServicesFrance· Entry 2025
XeliansActive
Business ServicesFrance· Entry 2025
Terra NeaInfrastructure
2023 · 3yr€45M4 active

Unrealized

4 held
EnsolActive
EnergyFrance· Entry 2025
IndustrialsFrance· Entry 2024
QualisteoActive
EnergyFrance· Entry 2023
EnergyFrance· Entry 2024
BioDiscovery 6VC
2022 · 4yr€456M11 active · 3 realized

Unrealized

11 held
AbivaxActive
HealthcareFrance· Entry 2023
AriceumActive
HealthcareFrance· Entry 2023
HealthcareFrance· Entry 2023
DualyxActive
HealthcareFrance· Entry 2023
FIRE 1Active
HealthcareFrance· Entry 2023
InventivaActive
HealthcareFrance· Entry 2024
HealthcareUS· Entry 2024
HealthcareFrance· Entry 2022
NouscomActive
HealthcareUS· Entry 2023
SciRhomActive
HealthcareFrance· Entry 2024
TargedActive
HealthcareFrance· Entry 2022

Realized

3 exits
ImcheckExited 2025
HealthcareFrance· Entry 2022
Trade Saleto
SoniVieExited 2025
HealthcareFrance· Entry 2023
Trade Saleto
TubulisExited 2026
HealthcareFrance· Entry 2022
Trade Saleto
Andera Smart Infra 1Infrastructure
2022 · 4yr€233M10 active

Unrealized

10 held
Hydr.AActive
EnergyFrance· Entry 2024
EnergySpain· Entry 2023
InthyActive
LogisticsFrance· Entry 2024
KyothermActive
EnergyFrance· Entry 2022
LhyfeActive
EnergyFrance· Entry 2022
EnergyFrance· Entry 2023
QovoltisActive
EnergyFrance· Entry 2022
SkysunActive
EnergyFrance· Entry 2024
Terr.AActive
EnergyFrance· Entry 2022
EnergyFrance· Entry 2021
Andera MidCap 5Buyout
2021 · 5yr€750M10 active

Unrealized

10 held
Real EstateFrance· Entry 2024
IndustrialsFrance· Entry 2022
EnergyFrance· Entry 2023
IndustrialsFrance· Entry 2021
Business ServicesFrance· Entry 2024
Business ServicesBelgium· Entry 2023
HealthcareFrance· Entry 2022
TMTFrance· Entry 2022
IndustrialsItaly· Entry 2024
TMTFrance· Entry 2022
Andera Expansion 3Growth
2021 · 5yr€250M10 active · 1 realized

Unrealized

10 held
IndustrialsFrance· Entry 2024
TMTFrance· Entry 2022
EducationFrance· Entry 2022
Immo CityActive
Real EstateFrance· Entry 2021
KeplerActive
Business ServicesFrance· Entry 2023
TMTFrance· Entry 2021
MeogroupActive
Business ServicesFrance· Entry 2024
FinancialsFrance· Entry 2021
PM StudioActive
ConsumerFrance· Entry 2024
HealthcareFrance· Entry 2021

Realized

1 exit
ArtemysExited 2025
TMTFrance
Trade Saleto
Cabestan CroissanceGrowth
2020 · 6yr€80M2 active · 2 realized

Unrealized

2 held
2CGroupActive
FinancialsFrance· Entry 2024
TX CubeActive
TMTFrance· Entry 2021

Realized

2 exits
Forex FinanceExited 2024
FinancialsFrance· Entry 2020
Secondaryto
SIRSAExited 2022
TMTFrance· Entry 2020
Trade Sale
Acto Mezzanine IVMezzanine
2020 · 6yr€500M21 active · 9 realized

Unrealized

21 held
AurisActive
FinancialsFrance· Entry 2023
BiolamActive
HealthcareFrance· Entry 2022
ECF SPSActive
EducationFrance· Entry 2023
EforActive
Business ServicesFrance· Entry 2023
Business ServicesFrance· Entry 2022
EnacoActive
EducationFrance· Entry 2021
Business ServicesFrance· Entry 2021
ConsumerFrance· Entry 2023
TMTFrance· Entry 2022
IndustrialsFrance· Entry 2022
HeritageActive
ConsumerFrance· Entry 2021
HealthcareFrance· Entry 2023
Business ServicesFrance· Entry 2020
NG TravelActive
LogisticsFrance· Entry 2023
TMTFrance· Entry 2023
PassmanActive
ConsumerFrance· Entry 2023
ConsumerFrance· Entry 2022
FinancialsFrance· Entry 2023
SogetrelActive
TMTFrance· Entry 2021
SynacktivActive
TMTFrance· Entry 2021
TBS GroupActive
TelecomFrance· Entry 2022

Realized

9 exits
BEA GroupExited 2024
FinancialsFrance· Entry 2022
Trade Saleto
DP LogicielsExited 2022
TMTFrance· Entry 2021
Trade Sale
FactoriaExited 2022
TMTFrance· Entry 2020
Trade Sale
Groupe PhysitekExited 2023
TMTFrance· Entry 2021
Trade Saleto
NaitwaysExited 2025
TMTFrance· Entry 2022
Trade Saleto
Prenax – LMExited 2022
TMTFrance· Entry 2020
Trade Sale
RedslimExited 2024
TMTFrance· Entry 2023
Trade Saleto
SfeirExited 2022
TMTFrance· Entry 2020
Trade Sale
TiepoloExited 2022
FinancialsFrance· Entry 2021
Trade Sale
Winch Capital 4Buyout
2018 · 8yr€445M5 active · 3 realized

Unrealized

5 held
AuxigaActive
FinancialsFrance· Entry 2019
OrbilityActive
Business ServicesFrance· Entry 2018
ConsumerFrance· Entry 2020
SphereaActive
TMTFrance· Entry 2019
TelamonActive
Real EstateFrance· Entry 2020

Realized

3 exits
HR PathExited 2024
Business ServicesFrance· Entry 2019
Secondaryto
MastergridExited 2025
EnergyFrance· Entry 2019
Secondaryto
Skill & YouExited 2021
EducationFrance· Entry 2018
Trade Saleto
BioDiscovery 5VC
2017 · 9yr€345M15 active · 9 realized

Unrealized

15 held
AM PharmaActive
HealthcareNetherlands· Entry 2019
HealthcareUK· Entry 2018
HealthcareUK· Entry 2018
HealthcareFrance· Entry 2018
ErytechActive
HealthcareFrance· Entry 2017
ExcivaActive
HealthcareUS· Entry 2019
HealthcareUS· Entry 2018
HealthcareUK· Entry 2018
HealthcareFrance· Entry 2018
LogicBioActive
HealthcareFrance· Entry 2017
HealthcareSwitzerland· Entry 2018
MedLumicsActive
HealthcareFrance· Entry 2017
NyxoahActive
HealthcareBelgium· Entry 2020
T-KnifeActive
HealthcareGermany· Entry 2018
TricaresActive
HealthcareFrance· Entry 2018

Realized

9 exits
AgoMabExited 2026
HealthcareFrance· Entry 2019
IPOto
Amolyt PharmaExited 2024
HealthcareFrance· Entry 2021
Trade Saleto
ArvelleExited 2021
HealthcareSwitzerland· Entry 2019
Trade Saleto
HealthcareIreland· Entry 2018
Trade Saleto
Avalyn PharmaExited 2026
HealthcareFrance· Entry 2017
IPOto
ComplexaExited
HealthcareFrance· Entry 2017
Trade Saleto
HealthcareUS· Entry 2018
Trade Saleto
EvommuneExited 2025
HealthcareFrance· Entry 2021
IPOto
PegaOneExited
HealthcareFrance· Entry 2019
Trade Sale
Acto Mezzanine IIIMezzanine
2017 · 9yr€315M3 active · 13 realized

Unrealized

3 held
TMTFrance· Entry 2019
Business ServicesFrance· Entry 2019
SolwareActive
TMTUK· Entry 2018

Realized

13 exits
BioclinicExited 2022
HealthcareFrance· Entry 2018
Trade Saleto
Biogroup-LCDExited 2021
HealthcareFrance· Entry 2018
Unknownto
Groupe 3SExited 2022
LogisticsFrance· Entry 2017
Trade Sale
IndustrialsFrance· Entry 2017
Trade Sale
JoryfExited 2021
Real EstateFrance· Entry 2018
Trade Sale
Lease ProtectExited 2021
TMTFrance· Entry 2019
Trade Sale
PassmanExited
TMTFrance· Entry 2019
Trade Sale
HealthcareFrance· Entry 2017
Trade Sale
PrenaxExited 2020
Business ServicesFrance· Entry 2018
Trade Sale
SylpaExited 2022
EnergyFrance· Entry 2019
Trade Sale
TimeOneExited 2021
Business ServicesFrance· Entry 2017
Trade Sale
ConsumerFrance· Entry 2019
Trade Sale
TravelsoftExited 2023
TMTFrance· Entry 2019
Trade Saleto
Cabestan Capital 2Growth
2016 · 10yr€170M4 active · 15 realized

Unrealized

4 held
99 GroupActive
Business ServicesFrance· Entry 2019
Real EstateFrance· Entry 2020
OlaqinActive
HealthcareFrance· Entry 2019
StudiaActive
TMTFrance· Entry 2017

Realized

15 exits
ACBExited 2022
TMTFrance· Entry 2016
Secondaryto
ADX GroupeExited 2023
Real EstateFrance· Entry 2017
Secondaryto
FineganExited 2026
Business ServicesFrance· Entry 2019
Trade Saleto
Groupe OrestExited 2023
ConsumerFrance· Entry 2018
Trade Saleto
Real EstateFrance· Entry 2017
Trade Saleto
HealthcareFrance· Entry 2017
Trade Sale
IPSIDEExited 2021
Business ServicesFrance· Entry 2016
Trade Sale
KlaxcarExited
IndustrialsFrance· Entry 2017
Trade Sale
ConsumerFrance· Entry 2017
Trade Sale
Business ServicesFrance· Entry 2017
Trade Sale
MovingExited 2019
ConsumerFrance· Entry 2017
Secondaryto
OCTIME (2016)Exited 2020
Business ServicesFrance· Entry 2016
Trade Sale
OCTIME (2020)Exited 2024
TMTFrance· Entry 2020
Secondaryto
SarawakExited 2022
Business ServicesFrance· Entry 2017
Trade Sale
TRAVELSOFTExited 2023
TMTFrance· Entry 2016
Trade Saleto
Winch Capital 3Buyout
2015 · 11yr€300M2 active · 12 realized

Unrealized

2 held
TelecomFrance· Entry 2017
ConsumerFrance· Entry 2017

Realized

12 exits
AltaviaExited 2023
TelecomFrance· Entry 2015
Trade Saleto
ConsumerFrance· Entry 2016
Trade Saleto
BacacierExited 2019
IndustrialsFrance· Entry 2017
Trade Saleto
Exclusive GroupExited 2018
TMTFrance· Entry 2015
Trade Saleto
Groupe GlobeExited 2023
ConsumerFrance· Entry 2017
Trade Sale
Groupe RougnonExited 2019
IndustrialsFrance· Entry 2015
Trade Sale
MinafinExited 2021
HealthcareFrance· Entry 2017
Trade Sale
NetCoExited 2021
IndustrialsFrance· Entry 2016
Trade Sale
Potel & ChabotExited 2023
ConsumerFrance· Entry 2017
Trade Saleto
ScalianExited 2019
Business ServicesFrance· Entry 2015
Secondaryto
SFAMExited 2018
FinancialsFrance· Entry 2016
Trade Sale
The Reefer GroupExited 2021
LogisticsFrance· Entry 2016
Trade Sale
Acto Mezzanine IIMezzanine
2014 · 12yr€209M0 active · 12 realized

Realized

12 exits
ADFExited 2018
IndustrialsFrance· Entry 2014
Secondaryto
AxellianceExited 2019
FinancialsFrance· Entry 2015
Trade Saleto
Business ServicesFrance· Entry 2015
Trade Sale
EmeraudeExited
IndustrialsFrance· Entry 2014
Trade Sale
FH OrthoExited 2020
HealthcareFrance· Entry 2014
Trade Saleto
FurnotelExited
IndustrialsFrance· Entry 2015
Trade Sale
HVJExited 2019
IndustrialsFrance· Entry 2016
Trade Sale
La ToulousaineExited 2019
IndustrialsFrance· Entry 2016
Trade Sale
MS VacancesExited 2019
ConsumerFrance· Entry 2016
Trade Sale
NACCExited 2018
FinancialsFrance· Entry 2015
Trade Sale
PassmanExited 2019
TMTFrance· Entry 2014
Trade Sale
SogetrelExited 2021
TelecomFrance· Entry 2016
Unknownto
BioDiscovery 4VC
2013 · 13yr3 active · 9 realized

Unrealized

3 held
AllecraActive
HealthcareGermany· Entry 2013
GAMAMABSActive
HealthcareFrance· Entry 2015
InotremActive
HealthcareFrance

Realized

9 exits
HealthcareUS· Entry 2015
Trade Saleto
AxonicsExited 2019
HealthcareUS· Entry 2014
IPOto
HealthcareUS· Entry 2014
Trade Saleto
ComplixExited 2017
HealthcareBelgium· Entry 2013
Trade Saleto
HealthcareFrance· Entry 2016
Trade Sale
OncoethixExited 2014
HealthcareBelgium· Entry 2013
Trade Saleto
ReViralExited 2022
HealthcareUK· Entry 2015
Trade Saleto
SanifitExited 2021
HealthcareSpain· Entry 2015
Trade Saleto
Verona PharmaExited 2017
HealthcareUK· Entry 2016
Trade Sale
Winch Capital 2Buyout
2012 · 14yr€250M0 active · 9 realized

Realized

9 exits
AtlandExited 2022
Real EstateFrance· Entry 2014
Trade Saleto
DEFIExited
TelecomFrance· Entry 2012
Trade Sale
FinsecurExited 2019
IndustrialsFrance· Entry 2014
Trade Sale
IntesciaExited 2019
TelecomFrance· Entry 2013
Trade Sale
MaesaExited 2019
ConsumerFrance· Entry 2014
Trade Sale
MCIExited 2017
Business ServicesSwitzerland· Entry 2013
Trade Sale
Star ServiceExited 2019
LogisticsFrance· Entry 2013
Trade Sale
TMTFrance· Entry 2014
Trade Saleto
IndustrialsFrance· Entry 2013
Trade Sale
Cabestan Capital 1Growth
2010 · 16yr0 active · 34 realized

Realized

34 exits
A2IAExited 2018
TMTFrance· Entry 2014
Trade Saleto
ACEExited 2017
FinancialsFrance· Entry 2015
Trade Saleto
AlouetteExited
TelecomFrance· Entry 2012
Trade Sale
ARCHIVECOExited
Business ServicesFrance· Entry 2010
Trade Sale
IndustrialsFrance· Entry 2011
Trade Sale
CertiNergyExited 2019
EnergyFrance· Entry 2009
Trade Saleto
CetalExited
IndustrialsFrance· Entry 2011
Trade Sale
ChabéExited 2019
LogisticsFrance· Entry 2011
Trade Sale
CMPExited
ConsumerFrance· Entry 2011
Trade Sale
EPSAExited 2018
Business ServicesFrance· Entry 2013
Trade Sale
Erget GroupeExited 2019
Business ServicesFrance· Entry 2015
Trade Sale
Business ServicesFrance· Entry 2014
Trade Sale
TMTFrance· Entry 2010
Trade Sale
ConsumerFrance· Entry 2009
Trade Sale
IndustrialsFrance· Entry 2015
Trade Saleto
GEOTECExited
IndustrialsFrance· Entry 2010
Trade Sale
Gris DécoupageExited 2018
IndustrialsFrance· Entry 2014
Trade Sale
ConsumerFrance· Entry 2008
Trade Sale
HTIExited
IndustrialsFrance· Entry 2013
Trade Sale
ItesaExited 2017
TMTFrance· Entry 2012
Trade Sale
ConsumerFrance· Entry 2011
Trade Sale
MAESAExited
ConsumerFrance· Entry 2011
Trade Saleto
TelecomFrance· Entry 2010
Trade Saleto
MariettonExited 2018
LogisticsFrance· Entry 2012
Trade Sale
OCEANExited
TMTFrance· Entry 2010
Trade Sale
IndustrialsFrance· Entry 2015
Trade Sale
HealthcareFrance· Entry 2012
Trade Sale
ProwebCEExited 2015
TMTFrance· Entry 2012
Trade Saleto
ProzoneExited 2015
TelecomFrance· Entry 2013
Trade Sale
REALEASEExited 2018
FinancialsFrance· Entry 2015
Trade Sale
SmileExited 2017
TMTFrance· Entry 2013
Trade Sale
SnadecExited 2019
IndustrialsFrance· Entry 2011
Trade Sale
SOFT COMPANYExited 2023
TMTFrance· Entry 2010
Trade Sale
Volta CroissanceExited 2022
IndustrialsFrance· Entry 2013
Trade Sale
BioDiscovery 3VC
2009 · 17yr1 active · 9 realized

Unrealized

1 held
PoxelActive
HealthcareFrance· Entry 2010

Realized

9 exits
CellnovoExited 2015
HealthcareFrance· Entry 2011
Trade Sale
CovagenExited 2014
HealthcareFrance· Entry 2010
Trade Saleto
EndosenseExited 2013
HealthcareFrance· Entry 2009
Trade Saleto
GenKyoTexExited 2014
HealthcareFrance· Entry 2011
Trade Sale
GlycovaxinExited 2015
HealthcareFrance· Entry 2009
Trade Sale
HealthcareFrance· Entry 2010
Trade Sale
SapiensExited 2013
HealthcareFrance· Entry 2011
Trade Saleto
HealthcareFrance· Entry 2009
Trade Saleto
VivoryonExited 2014
HealthcareFrance· Entry 2009
Trade Sale
Winch Capital 1Buyout
2008 · 18yr€166M0 active · 13 realized

Realized

13 exits
B2SExited
Business ServicesFrance· Entry 2011
Trade Sale
ChampeauExited 2020
IndustrialsFrance· Entry 2007
Trade Sale
Euro ProtectionExited 2017
IndustrialsFrance· Entry 2011
Trade Sale
European HomesExited 2017
Real EstateFrance· Entry 2011
Trade Sale
FilaExited
ConsumerFrance· Entry 2010
Trade Sale
Groupe FontanelExited 2021
Real EstateFrance· Entry 2010
Trade Sale
Groupe SegexExited 2018
IndustrialsFrance· Entry 2010
Trade Sale
NexiraExited 2016
ConsumerFrance· Entry 2010
Trade Sale
OCEAExited 2019
IndustrialsFrance· Entry 2007
Trade Sale
ConsumerFrance· Entry 2010
Trade Sale
Sun CityExited
ConsumerFrance· Entry 2011
Trade Sale
SYCLEFExited 2015
IndustrialsFrance· Entry 2011
Trade Sale
LogisticsFrance· Entry 2010
Trade Sale
Acto Mezzanine IMezzanine
2007 · 19yr€187M0 active · 23 realized

Realized

23 exits
AbrisudExited
IndustrialsFrance· Entry 2011
Trade Sale
AntemetaExited
TMTFrance· Entry 2011
Trade Sale
CESAExited
IndustrialsFrance· Entry 2010
Trade Sale
DelpharmExited
HealthcareFrance· Entry 2007
Trade Sale
DomidepExited 2019
HealthcareFrance· Entry 2011
Trade Sale
EmeraudeExited
IndustrialsFrance· Entry 2011
Trade Sale
FaabExited
IndustrialsFrance· Entry 2006
Trade Sale
Groupe RGExited
IndustrialsFrance· Entry 2013
Trade Sale
Groupe RougnonExited 2019
IndustrialsFrance· Entry 2010
Trade Sale
IonisosExited 2014
HealthcareFrance· Entry 2007
Trade Sale
KopramExited
IndustrialsFrance· Entry 2013
Trade Sale
LagarrigueExited 2016
HealthcareFrance· Entry 2011
Trade Sale
LegallaisExited
IndustrialsFrance· Entry 2007
Trade Sale
LudendoExited 2019
ConsumerFrance· Entry 2010
Trade Sale
Business ServicesFrance· Entry 2007
Trade Sale
ConsumerFrance· Entry 2009
Trade Sale
Oberthur (2013)Exited 2019
ConsumerFrance· Entry 2013
Trade Saleto
EducationFrance· Entry 2011
Trade Sale
SodimeExited
IndustrialsFrance· Entry 2008
Trade Sale
SotraluExited 2012
IndustrialsFrance· Entry 2008
Trade Sale
VignalExited 2014
IndustrialsFrance· Entry 2008
Trade Sale
WFCExited 2015
LogisticsFrance· Entry 2007
Trade Sale
WFCIExited 2015
LogisticsFrance· Entry 2008
Trade Sale
BioDiscovery 2VC
2007 · 19yr1 active · 3 realized

Unrealized

1 held
JenaValveActive
HealthcareFrance· Entry 2007

Realized

3 exits
ImplanetExited 2013
HealthcareFrance· Entry 2007
Trade Sale
NoxxonExited 2016
HealthcareFrance· Entry 2007
Trade Sale
HealthcareFrance· Entry 2008
Trade Saleto
BioDiscovery 1VC
2005 · 21yr0 active · 2 realized

Realized

2 exits
EOS ImagingExited 2012
HealthcareFrance· Entry 2005
Trade Sale
MDxHealthExited 2006
HealthcareFrance· Entry 2005
Trade Sale
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About Andera Partners

Andera Partners is a European mid-market private equity firm with €5.3 billion of assets under management as of December 2024, headquartered in Paris with offices in Munich and Brussels. The firm became independent in 2017 through a management-led spinoff from Edmond de Rothschild Group, building on a multi-decade track record across the underlying investment teams. Andera operates as a multi-strategy platform spanning LBO, growth equity, small-cap, mezzanine financing, energy transition infrastructure and life sciences venture.

Investment thesis

Andera deploys capital across six complementary strategies: Andera Acto (mid-cap LBO), Andera Croissance (growth equity), Andera Expansion (small-cap), Andera Mezzanine (debt-equity hybrid), Andera Smart Infra (energy transition infrastructure) and Andera Life Sciences (biotech venture and growth). Sector focus across the platform spans Healthcare (particularly biotech and HealthTech), TMT, Industrials, Real Estate, Telecom and Consumer, with the Life Sciences franchise providing dedicated expertise in early and growth-stage biotech transactions across European and selectively North American targets.

Recent activity

Recent realised exits include AgoMab (healthcare, 2026), Avalyn Pharma (healthcare, 2026), Tubulis (healthcare, 2026), Artemys (TMT, 2025), Evommune (healthcare, 2025) and Imcheck (healthcare, 2025), reflecting strong 2026 distribution momentum across the Life Sciences franchise. The platform tracks 26 funds, 119 active portfolio companies and 181 realised exits across multiple strategy types and vintages. Detailed buyer names and multiple data available on Pro at €29/month.

Last updated June 2026 · Sourced from public filings