Aquasourca
Aquasourça is a family-owned investment company founded about 20 years ago, active in private equity and real estate with permanent capital. It focuses on supporting small-cap companies in France and Europe through two small-cap investment strategies, one generalist and one sector-specific, with a strong entrepreneurial approach.
Key facts
Recent exits
Coverage notes
2 funds tracked, 28 portfolio companies (19 active · 9 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
28 companiesFunds & portfolio
Every fund Aquasourca has raised, with its portfolio companies. Hand-checked from public filings.
AQS SectorielGrowth2021 · 5yr€100M6 active
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer |  France | 2022 | |
| Consumer | France | 2011 | |
| Consumer | France | 2025 | |
| Consumer | France | 2021 | |
| Consumer | France | 2024 | |
| Consumer | France | 2022 |
France· Entry 2022France· Entry 2011France· Entry 2025France· Entry 2021France· Entry 2024France· Entry 2022AQS CroissanceGrowth2015 · 11yr€100M13 active · 9 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | France | 2023 | |
| Industrials | France | 2021 | |
| Industrials | France | 2020 | |
| Consumer | France | 2023 | |
| Consumer | France | 2017 | |
| Consumer | France | 2023 | |
| Consumer | France | 2019 | |
| Consumer | France | 2020 | |
| Healthcare | France | 2021 | |
| Industrials | France | 2019 | |
| Consumer | France | 2023 | |
| Consumer | France | 2018 | |
| Industrials | France | 2024 |
France· Entry 2023France· Entry 2021France· Entry 2020France· Entry 2023France· Entry 2017France· Entry 2023France· Entry 2019France· Entry 2020France· Entry 2021France· Entry 2019France· Entry 2023France· Entry 2018France· Entry 2024Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Consumer | France | 2012 | 2020 | Trade Sale | – | ||
| Industrials | France | 2006 | 2018 | Trade Sale | – | ||
| Industrials | France | 2008 | 2019 | Secondary | – | ||
| Consumer | France | 2010 | 2018 | Trade Sale | – | ||
| Consumer | France | 2010 | 2018 | Secondary | – | ||
| Business Services | France | 2000 | 2024 | Trade Sale | – | ||
| Healthcare | France | 2014 | 2025 | Trade Sale | – | ||
| Consumer | France | 2012 | 2018 | Trade Sale | – | ||
| Industrials | France | 2005 | 2016 | – | – | – |
France· Entry 2005Saved GPs appear in your watchlist, one click from your workspace.
About Aquasourca
Aquasourça is a family-owned French investment company with €200 million of assets under management, active in private equity and real estate with permanent capital. Founded approximately 20 years ago in Lyon, the platform focuses on supporting small-cap companies in France and Europe through two small-cap investment strategies aligned with the family's multi-generational entrepreneurial heritage.
Investment thesis
Aquasourça targets European small-cap companies across two complementary strategies: private equity (small-cap LBO and growth equity) and real estate (selective property positions). The permanent family capital structure enables long-duration positions unconstrained by traditional fund cycles, with the small-cap focus distinguishing Aquasourça from generalist mid-cap French peers. Equity ticket sizes are aligned with the small-cap mandate.
Recent activity
Recent realised exits include Lens Online (healthcare, 2025) and GL Events (business services, 2024), reflecting active distribution across the family-office portfolio. The platform tracks 2 funds, 19 active portfolio companies and 9 realised exits across the multi-vintage small-cap programme. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€130MGet the full picture on Aquasourca.
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