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.
Funds & 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 |
|---|---|---|---|
| Chapoutier | Consumer | France | 2022 |
| Ekkia Group | Consumer | France | 2011 |
| Kinobe | Consumer | France | 2025 |
| Patriarca | Consumer | France | 2021 |
| Relais Vert | Consumer | France | 2024 |
| United Chocolat | Consumer | France | 2022 |
AQS CroissanceGrowth2015 · 11yr€100M13 active · 9 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ALP Acier Etancheite | Industrials | France | 2023 |
| APC Etanch | Industrials | France | 2021 |
| Astrin | Industrials | France | 2020 |
| Brique House | Consumer | France | 2023 |
| Comedie Odeon | Consumer | France | 2017 |
| Jean Martin | Consumer | France | 2023 |
| JL Bourg | Consumer | France | 2019 |
| Jock | Consumer | France | 2020 |
| Mium Lab | Healthcare | France | 2021 |
| Pyramid | Industrials | France | 2019 |
| Réserve de Champlat | Consumer | France | 2023 |
| Tribune de Lyon | Consumer | France | 2018 |
| Vestal Groupe | Industrials | France | 2024 |
Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Acquabella | Consumer | France | 2012 | 2020 | Trade Sale | – | |
| Emin Leydier | Industrials | France | 2006 | 2018 | Trade Sale | – | |
| Eurotab | Industrials | France | 2008 | 2019 | Secondary | – | |
| Finegil | Consumer | France | 2010 | 2018 | – | – | – |
| Focal | Consumer | France | 2010 | 2018 | Secondary | – | |
| GL Events | Business Services | France | 2000 | 2024 | Trade Sale | – | |
| Lens Online | Healthcare | France | 2014 | 2025 | Trade Sale | – | |
| Shark | Consumer | France | 2012 | 2018 | Trade Sale | – | |
| SNOP | Industrials | France | 2005 | 2016 | – | – | – |
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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.
Similar firms
Other private equity firms tracked on GP Intel.
France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€6.0BFrance·€5.1B