Ardian
Ardian is a global diversified private markets firm headquartered in Paris, France, founded in 1996. It manages or advises approximately $196 billion of assets across Private Equity, Real Assets, and Credit, serving over 1,890 clients worldwide.
Key facts
Recent exits
Coverage notes
34 funds tracked, 488 portfolio companies (235 active · 253 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Ardian has raised, with its portfolio companies. Hand-checked from public filings.
Ardian Expansion Fund VI2025 · 1yr€3.2B0 active
No portfolio companies tracked yet.
Ardian Secondaries Fund IXSecondaries2025 · 1yr€30.0B2 active
Ardian Infrastructure Fund VIInfrastructure2025 · 1yr€20.0B12 active
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AFCO | Industrials | US | 2025 |
| Akuo | Energy | France | – |
| Attero | Energy | Netherlands | – |
| CampusParc | Industrials | US | 2024 |
| Clermont | Industrials | Canada | 2024 |
| Heathrow | Industrials | UK | 2024 |
| Honkajoki Wind Park | Energy | Finland | – |
| InEnergy Solar Italy | Energy | Italy | – |
| MXT Holdings | TMT | Mexico | – |
| UNITe | Energy | France | 2024 |
| Verlat Energy | Energy | Peru | – |
| Verne | TMT | France | 2024 |
Ardian Semiconductor FundBuyout2024 · 2yr€1.0B2 active · 1 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| centrotherm international | Industrials | France | – |
| Synergie Cad | Industrials | France | 2024 |
Ardian Growth Fund IIIGrowth2024 · 2yr€530M10 active · 1 realized
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Aprium Pharmacie | Healthcare | France | 2024 |
| Argon&Co | Business Services | France | – |
| IVB Wellness Lab | Consumer | Spain | 2026 |
| JPB Système | Industrials | France | – |
| My Pie | Consumer | France | 2024 |
| Parnasse Education | Consumer | France | 2023 |
| Taxually | Software | Hungary | 2022 |
| Théradial | Healthcare | France | 2023 |
| TimeOne | TMT | France | 2024 |
| Uptoo | Business Services | France | 2022 |
Ardian Co-Investment Fund VIBuyout2023 · 3yr€3.4B28 active
Unrealized
28 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AHEAD | TMT | US | 2023 |
| Anovo | Healthcare | US | – |
| Arcwood Environmental | Energy | US | 2024 |
| Avetta | TMT | US | 2024 |
| Barnes | Industrials | US | – |
| Chauvet & Sons | Industrials | US | 2023 |
| CohnReznick | Business Services | US | – |
| Cotiviti | Healthcare | US | 2024 |
| European Digital Group | Business Services | France | 2024 |
| Focus Financial | Business Services | US | 2023 |
| Fortnox | TMT | Sweden | – |
| GCL | Business Services | US | – |
| Healthcare Australia | Healthcare | Australia | 2023 |
| Infopro Digital | Business Services | France | 2023 |
| ISC | Financials | US | – |
| IU Group | TMT | Germany | 2023 |
| IVX Health | Healthcare | US | 2024 |
| Jaggaer | TMT | US | 2024 |
| Mistertemp’ group | Business Services | France | 2024 |
| Motel One | Consumer | Germany | – |
| oneZero | TMT | US | – |
| Ourvita + HBI | Healthcare | France | 2025 |
| Palex | Healthcare | Spain | 2023 |
| Potter Global Technologies | Industrials | US | – |
| Spherea-Averna | Business Services | Switzerland | – |
| Thrive | Business Services | US | – |
| VIP | TMT | US | – |
| Vitamin Well | Consumer | Sweden | 2024 |
Ardian Americas Infrastructure Fund VInfrastructure2022 · 4yr€2.1B0 active
No portfolio companies tracked yet.
Ardian Real Estate European Fund IIReal Estate2021 · 5yr€1.2B10 active
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Atout Box | Industrials | France | 2024 |
| Costockage | Industrials | France | – |
| Pointe des Arts | Industrials | France | 2022 |
| Quartier 21 | Industrials | Germany | 2021 |
| Ritterhof | Industrials | Germany | 2022 |
| Temple | Industrials | France | 2020 |
| Terra | Industrials | Spain | 2024 |
| Vendôme/Montaigne portfolio | Industrials | France | – |
| Vespucci | Industrials | Italy | 2022 |
| Westendcarree | Industrials | Germany | 2021 |
Ardian Expansion Fund VGrowth2020 · 6yr€2.0B23 active · 3 realized
Unrealized
23 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Alixio | Business Services | France | 2022 |
| Alstef Group | Industrials | France | 2024 |
| Assist Digital | Business Services | Italy | – |
| Deli Home | Industrials | Netherlands | 2021 |
| Diam | Industrials | France | 2024 |
| Dovida | Healthcare | Switzerland | – |
| Fermax | TMT | Spain | 2026 |
| Groupe Orion | Financials | France | 2024 |
| Groupe RG | Business Services | France | 2021 |
| Impact Group | Industrials | France | 2020 |
| Liftket | Business Services | Germany | – |
| Mastergrid | Energy | France | 2025 |
| Mimacom Flowable Group | Software | Switzerland | – |
| Mon Véto | Healthcare | France | – |
| Preventis | Healthcare | France | 2022 |
| SERMA Group | TMT | France | 2022 |
| Sicer | Industrials | Italy | – |
| Swissbit | TMT | Switzerland | 2020 |
| Syclef | Business Services | France | 2020 |
| Vecos | TMT | Netherlands | 2024 |
| Vista Vision | Healthcare | Italy | 2024 |
| Vulcain Engineering Group | Business Services | France | 2024 |
| YT Industries | Consumer | Germany | 2021 |
Ardian Co-Investment Fund VBuyout2019 · 7yr€2.5B37 active · 3 realized
Unrealized
37 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| American Renal Associates | Healthcare | US | 2021 |
| Brand Safway | Industrials | US | 2020 |
| Cast & Crew | Business Services | US | 2019 |
| Diot Siaci | Financials | France | 2021 |
| Elsan | Healthcare | France | 2020 |
| Emera Group | Healthcare | France | 2019 |
| Ermewa Group | Industrials | France | 2021 |
| Galderma | Healthcare | Switzerland | 2019 |
| Galway Holdings | Financials | US | 2020 |
| GBA Group | Healthcare | Germany | 2021 |
| Groupe La Centrale | TMT | France | 2021 |
| Imagine Learning | TMT | US | 2021 |
| Infoblox | TMT | US | 2020 |
| Insight Global | Business Services | US | 2019 |
| IQ-EQ | Financials | Luxembourg | 2021 |
| Leqee | Business Services | China | 2019 |
| LindFast Solutions Group | Industrials | US | 2019 |
| Marlink | TMT | France | 2022 |
| New Look Vision | Healthcare | Canada | 2021 |
| Norstella | Healthcare | France | 2022 |
| OptiGroup & Hygas | Industrials | Sweden | 2022 |
| Palex | Healthcare | Spain | 2021 |
| Power Home Remodeling | Consumer | US | 2022 |
| PRGX | Business Services | US | 2021 |
| Questel | TMT | France | 2021 |
| RAC | Consumer | France | 2022 |
| Recipharm | Healthcare | Sweden | 2021 |
| Renta | Industrials | Finland | 2022 |
| Saal Digital | Consumer | Germany | 2019 |
| Suse | TMT | Germany | 2019 |
| Syntax | TMT | Canada | 2021 |
| Trade Me | TMT | New Zealand | 2019 |
| Trinity Consultants | Business Services | US | 2021 |
| Vårgrønn | Energy | Norway | 2022 |
| Waterlogic | Business Services | France | 2021 |
| WS Audiology | Healthcare | Denmark | 2022 |
| Zayo | TMT | US | 2020 |
Ardian North America Fund IIBuyout2019 · 7yr€350M4 active · 2 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Impact Climate Technologies | Business Services | US | – |
| PRGX | Business Services | US | 2021 |
| Revere Plastics Systems | Industrials | US | 2017 |
| Veritas | Industrials | US | 2017 |
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Acousti Engineering Company of Florida | Industrials | US | 2020 | 2026 | Secondary | – | |
| Soteria Flexibles Holdings | Industrials | US | 2019 | 2023 | – | – | – |
Ardian Infrastructure Fund VInfrastructure2019 · 7yr€7.0B17 active · 1 realized
Unrealized
17 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 4NEW | Energy | UK | 2019 |
| Adamo | TMT | Spain | 2021 |
| Andberg Vind | Energy | Sweden | 2019 |
| Energia & Servizi Srl | Energy | Italy | 2021 |
| EWE AG | Energy | Germany | 2020 |
| GreenYellow | Energy | France | 2022 |
| Hill Top Energy Center | Energy | US | 2019 |
| ICQ Holding | Energy | Italy | 2022 |
| Inwit | TMT | Italy | 2020 |
| Maple Leaf | TMT | Canada | 2020 |
| Míla | TMT | Iceland | 2022 |
| Nevel | Energy | Finland | 2021 |
| Novasol Invest La Isla | Energy | Spain | 2019 |
| Tacna and Panamericana | Energy | Peru | 2019 |
| Unison | TMT | US | 2021 |
| Vespucio Norte Express and Tunel San Cristóbal | Industrials | Chile | 2020 |
| Wintics | TMT | France | 2020 |
Ardian Growth Fund IIGrowth2018 · 8yr€230M13 active · 11 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Alsatis | TMT | France | 2020 |
| Cipanguo | Consumer | France | 2020 |
| Digital Value | Business Services | France | 2021 |
| easiware | Software | France | 2021 |
| Elée | Software | France | 2021 |
| H2 Pharma | Healthcare | France | 2020 |
| IWD | Software | France | 2018 |
| Jakala | Business Services | Italy | 2021 |
| Kapten & Son | Consumer | Germany | 2021 |
| Logalty | Business Services | Spain | 2021 |
| Sqorus | Business Services | France | 2019 |
| Stratégie Media Conseil | Software | France | 2021 |
| Translated | Software | Italy | 2021 |
Realized
11 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Bricoprivé | Consumer | France | 2018 | 2020 | – | – | – |
| Eloquant | Software | France | 2019 | 2025 | Trade Sale | – | |
| Filoblu | Business Services | Italy | 2018 | 2021 | – | – | – |
| Ivalua | Software | France | 2019 | 2024 | – | – | – |
| Mobius Group | Business Services | Spain | 2018 | 2023 | – | – | – |
| Nova Reperta | Business Services | Belgium | 2021 | 2026 | Secondary | – | |
| Optimind | Business Services | France | 2019 | 2023 | Trade Sale | – | |
| Planisware | Software | France | 2018 | 2024 | IPO | – | |
| ProduceShop | Consumer | Switzerland | 2020 | 2022 | – | – | – |
| Proteor | Healthcare | France | 2021 | 2025 | Secondary | – | |
| Rivalis | Business Services | France | 2019 | 2026 | Trade Sale | – |
Ardian Buyout Fund VIIBuyout2017 · 9yr€6.5B30 active · 11 realized
Unrealized
30 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AD Education | Consumer | France | 2021 |
| Advancion | TMT | US | 2020 |
| Aire Network | Business Services | Spain | 2022 |
| Bio IDF Sante | Healthcare | France | 2021 |
| Biofarma Group | Healthcare | Italy | 2022 |
| Celli group | Consumer | Italy | 2019 |
| Cérélia | Consumer | France | 2020 |
| Dedalus | Healthcare | Italy | 2020 |
| Diam International | Industrials | France | 2018 |
| Diot-Siaci | Financials | France | – |
| Emera | Healthcare | France | 2019 |
| Energia Group | Energy | Ireland | 2026 |
| Ennov | Software | France | 2026 |
| Expleo | Business Services | France | 2017 |
| GBA Group | Healthcare | Germany | 2021 |
| Indexia Group | Consumer | France | 2018 |
| Inovie Group | Healthcare | France | 2021 |
| Inula | Healthcare | Belgium | 2018 |
| Jakala | Business Services | Italy | 2021 |
| Masco Group | Healthcare | Italy | 2024 |
| Meribel Pharma | Healthcare | France | 2020 |
| Odealim | Business Services | France | 2022 |
| Revima | Industrials | France | 2019 |
| Santé Cie | Healthcare | France | 2020 |
| SFAM | Financials | France | 2018 |
| Sintetica | Healthcare | Switzerland | 2019 |
| SLV | Consumer | Germany | 2017 |
| SMB Moteurs Baudouin | Industrials | France | 2020 |
| Study Group | Business Services | UK | 2019 |
| Vibrant Ingredients | Consumer | US | 2021 |
Realized
11 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Audiotonix | TMT | UK | 2020 | 2024 | Secondary | – | |
| d&b audiotechnik | Industrials | Germany | 2016 | 2023 | Secondary | – | |
| DRT | Industrials | France | 2018 | 2020 | Trade Sale | – | |
| Frulact | Consumer | Portugal | 2020 | 2025 | Trade Sale | – | |
| Kyobo Life Insurance | Financials | South Korea | – | 2025 | Secondary | – | |
| Monbake | Consumer | Spain | 2018 | 2024 | Secondary | – | |
| Neopharmed Gentili | Healthcare | Italy | 2018 | 2025 | Secondary | – | |
| Prosol Group - Grand Frais | Consumer | France | 2017 | 2025 | Trade Sale | – | |
| Robot Coupe + Magimix | Consumer | France | 2024 | 2025 | Trade Sale | – | |
| Staci | Business Services | France | 2019 | 2024 | Trade Sale | – | |
| Unither | Industrials | France | 2017 | 2023 | Secondary | – |
Ardian Real Estate European Fund IReal Estate2017 · 9yr€700M7 active · 8 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Carl | Industrials | Germany | 2018 |
| Elisa | Industrials | Germany | 2019 |
| Fidia | Industrials | Italy | 2019 |
| Mirò Portfolio | Industrials | Italy | 2017 |
| Rio | Industrials | France | 2018 |
| Roncaglia | Industrials | Italy | 2019 |
| Villa Emiliani | Industrials | Italy | 2018 |
Realized
8 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Europa | Industrials | France | 2017 | 2019 | – | – | – |
| Gustav | Industrials | Germany | 2018 | 2021 | – | – | – |
| Konrad | Industrials | Germany | 2017 | 2020 | – | – | – |
| Melzi d'Eril | Industrials | Italy | 2018 | 2022 | – | – | – |
| Napoléon | Industrials | France | 2018 | 2020 | – | – | – |
| Pyramides | Industrials | France | 2019 | 2020 | – | – | – |
| Renaissance | Industrials | France | 2018 | 2025 | Trade Sale | – | – |
| Store | Industrials | Germany | 2018 | 2023 | – | – | – |
Ardian Infrastructure Fund IVInfrastructure2016 · 10yr€2.6B13 active · 2 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Ascendi Group | Industrials | Portugal | 2016 |
| ASTM | Industrials | Italy | 2018 |
| Ataca and Pantac | Energy | France | 2016 |
| Autovia Padana | Industrials | Italy | 2018 |
| C.L.S. | TMT | France | – |
| CGE Palea Arsa | Energy | Italy | 2016 |
| Hamnefjell Vinkraft AS | Energy | Norway | 2016 |
| Los Ausines | Energy | Spain | 2018 |
| Lyrestad Holding AB | Energy | Sweden | 2016 |
| Skyline Renewables | Energy | US | 2018 |
| SPMR | Energy | France | 2017 |
| Tolve Windfarms Holding | Energy | Italy | 2017 |
| Veciana | Energy | Spain | 2018 |
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| LBC Tank Terminals | Energy | US | 2017 | 2025 | Trade Sale | – | |
| Pampul | Energy | Peru | 2016 | 2023 | – | – | – |
Ardian Expansion Fund IVGrowth2016 · 10yr€1.0B2 active · 11 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| SAAL Digital | Consumer | Germany | 2019 |
| Technology & Strategy | TMT | France | 2019 |
Realized
11 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| CCC | Business Services | Germany | 2018 | 2020 | – | – | – |
| Corob | Industrials | Italy | 2018 | 2024 | Trade Sale | – | |
| Diam | Business Services | France | 2016 | 2018 | – | – | – |
| F2A | Business Services | Italy | 2016 | 2024 | Trade Sale | – | |
| Gantner | TMT | Austria | 2016 | 2020 | Trade Sale | – | |
| Imes-Icore | Healthcare | Germany | 2017 | 2023 | – | – | – |
| Ionisos | Healthcare | France | 2016 | 2019 | – | – | – |
| Lagarrigue | Healthcare | France | 2016 | 2021 | – | – | – |
| Opteven | Consumer | France | 2018 | 2022 | – | – | – |
| Schwind | Healthcare | Germany | 2016 | 2023 | Secondary | – | |
| Trustteam | TMT | Belgium | 2018 | 2022 | – | – | – |
Ardian Buyout Fund VIBuyout2016 · 10yr€4.5B1 active · 12 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Dedalus | Healthcare | Italy | 2016 |
Realized
12 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| D & B audiotechnik | TMT | Germany | 2016 | 2023 | – | – | – |
| Envision Pharma | Healthcare | UK | 2016 | 2021 | Secondary | – | |
| ESIM Chemicals | TMT | Austria | 2015 | 2018 | – | – | – |
| IRCA | Industrials | Italy | 2015 | 2017 | Secondary | – | |
| Italmatch Chemicals | Industrials | Italy | 2014 | 2018 | Secondary | – | |
| Kersia | Healthcare | France | 2016 | 2020 | Secondary | – | |
| NHV | Industrials | Belgium | 2014 | 2025 | Trade Sale | – | |
| Schleich | Consumer | Germany | 2014 | 2019 | – | – | – |
| SIACI Saint Honoré | Business Services | France | 2015 | 2021 | – | – | – |
| Solina | Consumer | France | 2018 | 2021 | Secondary | – | |
| Trigo | Business Services | France | 2016 | 2026 | Secondary | – | |
| Weber Automotive | Industrials | Germany | 2016 | 2019 | – | – | – |
Ardian Co-Investment Fund IVBuyout2015 · 11yr€1.1B16 active · 16 realized
Unrealized
16 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Allegro | TMT | Poland | 2017 |
| Evolve IP | TMT | US | 2016 |
| Fives Group | Industrials | France | 2018 |
| Global Medical Response | Healthcare | US | 2015 |
| Inventus | TMT | US | 2015 |
| Lease Plan | Consumer | Netherlands | 2016 |
| Mills Fleet Farm | Consumer | US | 2016 |
| ParkDean | Consumer | UK | 2017 |
| Pet Smart | Consumer | US | 2015 |
| Praesidiad | Industrials | France | 2017 |
| Ramudden | Industrials | Sweden | 2018 |
| Rodan & Fields | Consumer | US | 2018 |
| Sedgwick | Business Services | US | 2018 |
| Seqens | Industrials | France | 2016 |
| Vibrant Ingredients | Consumer | US | 2018 |
| WaterFleet | Industrials | US | 2017 |
Realized
16 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| ACA COMPLIANCE GROUP | Business Services | US | 2018 | 2022 | Secondary | – | |
| Alvest | Industrials | France | 2018 | 2025 | Secondary | – | |
| CCC | Business Services | Germany | 2018 | 2020 | – | – | – |
| Community Medical Group | Healthcare | US | 2015 | 2018 | – | – | – |
| Evans | Business Services | US | 2017 | 2021 | – | – | – |
| Evergreen | Business Services | US | 2016 | 2024 | – | – | – |
| Exactcare | Healthcare | US | 2016 | 2020 | – | – | – |
| Innovation group | Business Services | France | 2015 | 2019 | – | – | – |
| Kangji Medical | Software | China | 2016 | 2020 | – | – | |
| Mirion | Healthcare | US | 2016 | 2022 | – | – | – |
| MultiPlan | Healthcare | US | 2016 | 2025 | – | – | – |
| ProAmpac | Business Services | US | 2016 | 2020 | – | – | – |
| ProService | Business Services | US | 2017 | 2023 | – | – | – |
| SIG | Consumer | Switzerland | 2015 | 2020 | – | – | – |
| W2O | TMT | US | 2016 | 2019 | – | – | – |
| WCG | Healthcare | US | 2016 | 2020 | – | – | – |
Ardian Growth Fund IGrowth2014 · 12yr€70M1 active · 38 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| HR Path | Business Services | France | 2024 |
Realized
38 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Abvent | Software | France | 2017 | 2022 | Trade Sale | – | |
| Adverline | Business Services | France | 2010 | 2012 | – | – | – |
| Ariane Systems | Software | France | 2015 | 2024 | Trade Sale | – | |
| Arismore | Business Services | France | 2010 | 2017 | – | – | – |
| Arpson | Software | France | 2005 | 2012 | – | – | – |
| Batiweb | Software | France | 2008 | 2017 | – | – | – |
| Brainsonic | Business Services | France | 2015 | 2021 | – | – | – |
| Clever Age | Software | France | 2015 | 2022 | – | – | – |
| Clip Industrie | Software | France | 2013 | 2017 | – | – | – |
| Consort NT | Business Services | France | 2012 | 2018 | – | – | – |
| Customs Solutions | Consumer | France | 2010 | 2020 | – | – | – |
| EbuyClub (Plebicom) | Software | France | 2006 | 2018 | – | – | – |
| Envea | Consumer | France | 2015 | 2020 | – | – | – |
| Esker | Software | France | 2012 | 2018 | – | – | – |
| Evolis | Consumer | France | 2014 | 2019 | – | – | – |
| Fitness Boutique | Consumer | France | 2011 | 2016 | – | – | – |
| GOTO Software | Software | France | 2009 | 2013 | – | – | – |
| Hawk | Software | France | 2016 | 2023 | – | – | – |
| Ikoula | Software | France | 2014 | 2021 | – | – | – |
| Iliad | TMT | France | 2003 | 2004 | – | – | – |
| Indom | Business Services | France | 2009 | 2010 | – | – | – |
| Lusis | Business Services | France | 2008 | 2018 | – | – | – |
| Neotys | Software | France | 2014 | 2021 | – | – | – |
| PC Soft | Software | France | 2015 | 2025 | Trade Sale | – | |
| Piz'Wich | Consumer | France | 2017 | 2018 | – | – | – |
| Place des Leads | Software | France | 2012 | 2016 | – | – | – |
| Prodware | TMT | France | 2008 | 2022 | Secondary | – | |
| Public idées | Software | France | 2007 | 2016 | – | – | – |
| Saaswedo | Software | France | 2015 | 2021 | – | – | – |
| Santé discount | Consumer | France | 2017 | 2021 | – | – | – |
| Sarbacane | Software | France | 2017 | 2020 | – | – | – |
| SeLoger.com | Consumer | France | 2000 | 2005 | – | – | – |
| Sociabble | Software | France | 2016 | 2026 | Trade Sale | – | |
| Sword | Software | France | 2014 | 2020 | – | – | – |
| T2O media | Business Services | Spain | 2017 | 2022 | – | – | – |
| Time One group | Software | France | 2016 | 2017 | – | – | – |
| TSI | Software | France | 2011 | 2019 | – | – | – |
| Weborama | Software | France | 2010 | 2020 | – | – | – |
Ardian Co-Investment Fund IIIBuyout2013 · 13yr€700M1 active · 12 realized
Realized
12 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Acino | Healthcare | Switzerland | 2013 | 2022 | – | – | – |
| ATI | Healthcare | US | 2012 | 2016 | – | – | – |
| Cbanner | Consumer | China | 2012 | 2017 | – | – | – |
| ECI Software solutions | Business Services | US | 2014 | 2021 | – | – | – |
| EFS | Business Services | US | 2014 | 2017 | – | – | – |
| Gates | Industrials | US | 2014 | 2025 | – | – | – |
| GC Flowers | Consumer | China | 2014 | 2020 | – | – | – |
| Global Logistics Properties | Business Services | China | 2014 | 2020 | – | – | – |
| Jeld Wen | Industrials | US | 2012 | 2021 | – | – | – |
| Newrest | Consumer | France | 2014 | 2019 | – | – | – |
| Taminco | Healthcare | Belgium | 2012 | 2014 | – | – | – |
| Wirb | Healthcare | US | 2012 | 2020 | – | – | – |
Ardian Expansion Fund IIIGrowth2013 · 13yr€570M0 active · 9 realized
Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Ada International | Consumer | Germany | 2014 | 2018 | – | – | – |
| Chal-Tec (BBG) | Consumer | Germany | 2015 | 2021 | – | – | – |
| CLS Group | Industrials | France | 2013 | 2020 | – | – | – |
| Groupe Bio7 | Industrials | France | 2014 | 2018 | – | – | – |
| Micropross | TMT | France | 2014 | 2015 | – | – | – |
| RGI | Business Services | Italy | 2014 | 2017 | – | – | – |
| Serma Group | Industrials | France | 2015 | 2018 | – | – | – |
| Spie Batignolles | Industrials | France | 2014 | 2019 | – | – | – |
| Synerlab | Software | France | 2013 | 2024 | Secondary | – |
Ardian Infrastructure Fund IIIInfrastructure2013 · 13yr€1.7B2 active · 10 realized
Unrealized
2 heldRealized
10 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| 2i Aeroporti | Industrials | Italy | 2015 | 2024 | Trade Sale | – | |
| Aloe Energy | Energy | France | 2014 | 2017 | – | – | – |
| CLH | Energy | Spain | 2011 | 2018 | – | – | – |
| Encevo | Energy | Luxembourg | 2012 | 2018 | – | – | – |
| Indigo | Industrials | France | 2014 | 2019 | – | – | – |
| Kallista Energy Investment | Energy | France | 2011 | 2018 | Trade Sale | – | |
| LISEA | Industrials | France | 2011 | 2024 | Trade Sale | – | |
| London Luton Airport | Industrials | UK | 2013 | 2018 | – | – | – |
| Trados M-45 | Industrials | Spain | 2011 | 2024 | Trade Sale | – | |
| Tunels Barcelona Cadi | Industrials | Spain | 2015 | 2019 | – | – | – |
Ardian Buyout Fund VBuyout2012 · 14yr€2.7B0 active · 11 realized
Realized
11 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Bruni Glass | TMT | Italy | 2012 | 2016 | – | – | – |
| Fives | Industrials | France | 2012 | 2018 | – | – | – |
| Laboratoires Anios | Healthcare | France | 2013 | 2017 | – | – | – |
| Lima Corporate | Industrials | Italy | 2012 | 2016 | – | – | – |
| Odigeo | Consumer | France | 2011 | 2022 | – | – | – |
| Outremertelecom | TMT | France | 2011 | 2013 | – | – | – |
| Photonis | Industrials | France | 2011 | 2021 | – | – | – |
| Riemser | Healthcare | Germany | 2012 | 2020 | – | – | – |
| Schustermann Borenstein | Consumer | Germany | 2012 | 2017 | – | – | – |
| Seqens | Healthcare | France | 2011 | 2016 | – | – | – |
| Trescal | Business Services | France | 2013 | 2018 | – | – | – |
Ardian Buyout Fund IVBuyout2008 · 18yr€400M0 active · 4 realized
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| HSE 24 | TMT | Germany | 2010 | 2012 | – | – | – |
| Lowen Play | Consumer | Germany | 2008 | 2022 | – | – | – |
| Newrest | Consumer | France | 2009 | 2014 | – | – | – |
| Unipex | Industrials | France | 2008 | 2012 | – | – | – |
Ardian Co-Investment Fund IIBuyout2008 · 18yr€500M0 active · 13 realized
Realized
13 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Bharti Infratel | TMT | India | 2008 | 2016 | – | – | – |
| Caesars | Consumer | US | 2008 | 2018 | – | – | – |
| Envision | Healthcare | US | 2011 | 2017 | – | – | – |
| Fort Dearborn Company | Industrials | US | 2010 | 2016 | – | – | – |
| Glamour Sales | Consumer | China | 2010 | 2021 | – | – | – |
| Insight Global | Business Services | US | 2010 | 2012 | – | – | – |
| KOS | Healthcare | Italy | 2010 | 2016 | – | – | – |
| Monash IVF | Healthcare | Australia | 2009 | 2020 | – | – | – |
| NCI | Financials | China | 2011 | 2016 | – | – | – |
| Odigeo | Consumer | Spain | 2011 | 2022 | – | – | – |
| Spie | Energy | France | 2011 | 2017 | – | – | – |
| Tomkins | Industrials | US | 2010 | 2015 | – | – | – |
| Zabka | Consumer | Poland | 2011 | 2017 | – | – | – |
Ardian Infrastructure Fund IIInfrastructure2008 · 18yr€1.0B1 active · 3 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| A88 Alicorne | Industrials | France | 2008 |
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| 2i Rete Gas | Energy | Italy | 2009 | 2017 | – | – | – |
| Anglian water | Energy | UK | 2008 | 2014 | – | – | – |
| Synerail | Industrials | France | 2010 | 2018 | – | – | – |
Ardian Expansion Fund IIGrowth2006 · 20yr€430M0 active · 22 realized
Realized
22 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Altares | Business Services | France | 2008 | 2016 | – | – | – |
| Arkadin | TMT | France | 2012 | 2014 | – | – | – |
| CCC | Business Services | Germany | 2009 | 2013 | – | – | – |
| Cegos | Business Services | France | 2009 | 2013 | – | – | – |
| Champeau | Industrials | France | 2006 | 2020 | – | – | – |
| Credirec | Business Services | France | 2006 | 2011 | – | – | – |
| Duplomatic Oleodinamica | Industrials | Italy | 2008 | 2013 | – | – | – |
| Frostkrone | Consumer | Germany | 2012 | 2017 | Secondary | – | |
| Groupe Charlois | Industrials | France | 2009 | 2015 | – | – | – |
| KTP | Industrials | Germany | 2006 | 2011 | – | – | – |
| Novarc | Industrials | France | 2012 | 2015 | – | – | – |
| Novotema | Industrials | Italy | 2012 | 2015 | – | – | – |
| Ouvêo | Industrials | France | 2011 | 2018 | – | – | – |
| Phönix/Strack | Industrials | Germany | 2010 | 2013 | – | – | – |
| Piriou | Industrials | France | 2006 | 2009 | – | – | – |
| Rollon | Industrials | Italy | 2010 | 2013 | – | – | – |
| Sfinc | Industrials | Belgium | 2008 | 2011 | – | – | – |
| Skyrock | TMT | France | 2006 | 2018 | – | – | – |
| Solina | Consumer | France | 2018 | 2021 | Secondary | – | |
| Synerlab | Business Services | France | 2007 | 2013 | Secondary | – | |
| Trecobat | Industrials | France | 2007 | 2010 | – | – | – |
| Welcome Real-Time | TMT | France | 2007 | 2012 | – | – | – |
Ardian Infrastructure Fund IInfrastructure2005 · 21yr€500M1 active · 5 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Daunia Calvello/ Daunia Serracapriola | Energy | Italy | 2007 |
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Calvello & Serracapriola / 3NEW & Partners | Energy | Italy | 2007 | 2017 | – | – | – |
| Hisi | Healthcare | Italy | 2007 | 2017 | – | – | – |
| SANEF | Industrials | France | 2006 | 2017 | – | – | – |
| Saur Group | Energy | France | 2007 | 2012 | – | – | – |
| Sita Cornwall et Sita Northumberland | Energy | France | 2006 | 2014 | – | – | – |
Ardian Co-Investment Fund IBuyout2005 · 21yr€300M0 active · 21 realized
Realized
21 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Alliance Boots | Consumer | US | 2007 | 2016 | – | – | – |
| Allison Transmission | Industrials | US | 2007 | 2014 | – | – | – |
| ARK Nursing and Care agency | Consumer | US | 2007 | 2015 | – | – | – |
| Aster | TMT | Poland | 2006 | 2013 | – | – | – |
| Bité | TMT | Lithuania | 2007 | 2016 | – | – | – |
| CHR Handsen | Business Services | Denmark | 2005 | 2012 | – | – | – |
| Com Hem | TMT | Sweden | 2006 | 2013 | – | – | – |
| Easou | TMT | China | 2006 | 2017 | – | – | – |
| ISS | Business Services | Denmark | 2005 | 2015 | – | – | – |
| Keolis | Industrials | France | 2006 | 2013 | – | – | – |
| Kwik Fit | Business Services | UK | 2005 | 2011 | – | – | – |
| Kyobo | Financials | South Korea | 2007 | 2025 | – | – | – |
| Medica | Healthcare | France | 2006 | 2013 | – | – | – |
| Nielsen | TMT | Netherlands | 2006 | 2015 | – | – | – |
| NXP | TMT | Netherlands | 2006 | 2016 | – | – | – |
| Rexel | Industrials | France | 2005 | 2013 | – | – | – |
| Roofind Supply Group | Industrials | US | 2006 | 2012 | – | – | – |
| RSC | Industrials | US | 2006 | 2012 | – | – | – |
| SinoPacific | Energy | China | 2007 | 2017 | – | – | – |
| Spirit | Industrials | US | 2005 | 2014 | – | – | – |
| TDF | TMT | France | 2007 | 2016 | – | – | – |
Ardian Buyout Fund IIIBuyout2005 · 21yr€500M0 active · 10 realized
Realized
10 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Aixam | Consumer | France | 2006 | 2015 | – | – | – |
| Alvest | Industrials | France | 2006 | 2013 | Secondary | – | |
| CABB | Industrials | Germany | 2007 | 2011 | – | – | – |
| Camaieu | Consumer | France | 2005 | 2007 | – | – | – |
| Diana | Consumer | France | 2007 | 2014 | – | – | – |
| Eliokem | Industrials | France | 2005 | 2010 | – | – | – |
| Gerflor | Industrials | France | 2006 | 2011 | – | – | – |
| Rail.one | Energy | Germany | 2006 | 2011 | – | – | – |
| Skyrock | TMT | France | 2006 | 2011 | – | – | – |
| Spotless Group | Consumer | France | 2007 | 2010 | – | – | – |
Ardian Expansion Fund IGrowth2001 · 25yr€200M0 active · 8 realized
Realized
8 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| BBSP | Business Services | France | 2005 | 2010 | – | – | – |
| Iliad | TMT | France | 2003 | 2004 | – | – | – |
| Kammann | Industrials | Germany | 2004 | 2010 | – | – | – |
| Lowendal Group | Business Services | France | 2004 | 2013 | – | – | – |
| Moteurs Baudoin | Industrials | France | 2004 | 2013 | – | – | – |
| Profil | Industrials | Germany | 2003 | 2007 | – | – | – |
| Sateco | Industrials | France | 2004 | 2005 | – | – | – |
| Sotralu | Industrials | France | 2005 | 2008 | – | – | – |
Ardian Buyout Fund IIBuyout2000 · 26yr€350M0 active · 4 realized
Ardian Buyout Fund IBuyout1997 · 29yr€100M0 active · 1 realized
Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Linedata Services | TMT | France | 1998 | 2005 | – | – | – |
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About Ardian
Ardian is a global private markets investment firm with €196.0 billion of assets under management as of December 2024, headquartered in Paris with offices across Europe, North America, Asia and the Middle East. The firm was founded in 1996 as the private equity arm of AXA before becoming independent in 2013 through a partner-led management buyout from AXA, and has since grown into one of the largest privately-held alternative asset managers globally. Ardian remains majority-owned by its employees and select institutional partners.
Investment thesis
Ardian operates across the full alternative spectrum with five core pillars: secondaries (its founding flagship strategy and the largest globally by deal volume), direct buyout (Mid Cap, Expansion and Co-Investment), private debt, infrastructure (transport, telecoms, energy transition) and real estate. The platform deploys capital across more than 30 distinct fund vehicles, with a particular emphasis on partnering with founders and family-owned businesses across Europe and selectively in North America. Ardian's secondaries franchise provides a structural advantage in deploying capital at scale through fund-level GP-led and LP-led transactions.
Recent activity
Recent realised exits include NetCo (industrials, 2026), Acousti Engineering Company of Florida (industrials, 2026), Nova Reperta (business services, 2026) and Rivalis (business services, 2026), reflecting strong 2026 distribution momentum across the mid-cap buyout franchise. The platform tracks 33 active funds, 235 active portfolio companies and 253 realised exits across its history, with continued deployment across European and selective US opportunities. Detailed buyer names and multiple data available on Pro at €29/month.
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