Initiative & Finance
Initiative & Finance is a Paris-based private equity firm founded in 1984, specializing in the financing and transmission of small and medium enterprises (SMEs) across France, Belgium, and Switzerland. It manages around €650 million in capital and has completed nearly 350 growth and buyout transactions.
Key facts
Recent exits
Coverage notes
5 funds tracked, 91 portfolio companies (50 active · 41 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Initiative & Finance has raised, with its portfolio companies. Hand-checked from public filings.
Initiative & Finance PME IVBuyout2025 · 1yr€240M6 active
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| DATASHAKE | Business Services | France | 2025 |
| DO IT GROUP | Industrials | France | 2025 |
| Do iT Platinum | Industrials | France | 2025 |
| FINANCIALE GESTION PRIVEE | Business Services | France | 2025 |
| NOVORA GROUPE | Consumer | France | 2025 |
| OPUS FORMATION | Business Services | France | 2026 |
Initiative & Finance TomorrowGrowth2022 · 4yr€300M6 active
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Airess | Industrials | France | 2026 |
| AKTID | Industrials | France | 2023 |
| BABYMOOV GROUP | Consumer | France | 2022 |
| CSD INGENIEURS | Industrials | France | 2022 |
| OCELLIS | Business Services | France | 2024 |
| ROLLAKIN | Industrials | France | 2025 |
Initiative & Finance FPCI IIIBuyout2020 · 6yr€206M20 active
Unrealized
20 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AMPLITUDE | Business Services | France | 2024 |
| AZERGO | Consumer | France | 2021 |
| BRICONORD | Consumer | France | 2021 |
| CRYOPAL | Industrials | France | 2022 |
| EUKLEED (SYSCOM PROREP) | Industrials | France | 2024 |
| GRANDIR NATURE | Business Services | France | 2021 |
| GROUPE ALIENOR | Business Services | France | 2022 |
| INOVELEC | Industrials | France | 2022 |
| JM POLYMERS | Industrials | France | 2021 |
| LE COMPTOIR DE MATHILDE | Consumer | France | 2021 |
| MONETIVIA | Business Services | France | 2022 |
| OFFIBAT | Business Services | France | 2022 |
| PBI | Consumer | France | 2023 |
| PEBEO | Consumer | France | 2022 |
| PNY | Consumer | France | 2022 |
| RESEAU VERT L'OBJECTIF | Business Services | France | 2023 |
| SAMSHIELD | Consumer | France | 2023 |
| SANTARELLI GROUP | Business Services | France | 2021 |
| SCP | Business Services | France | 2022 |
| UNIBEO | Consumer | France | 2022 |
Initiative & Finance FPCI IIBuyout2015 · 11yr€165M16 active · 12 realized
Unrealized
16 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| BEL AIR FINE ART | Consumer | France | 2017 |
| BT CONCEPT | Business Services | France | 2015 |
| DISTEC | Consumer | France | 2016 |
| EDEA | Business Services | France | 2018 |
| FAK | Industrials | France | 2015 |
| GROUPE TEZ | Industrials | France | 2017 |
| INOMED TECHNOLOGY | Industrials | France | 2018 |
| MOBILIS | Consumer | France | 2018 |
| MOUSTACHE BIKES | Consumer | France | 2015 |
| NORD COFFRAGE | Industrials | France | 2019 |
| OCCIPAIN | Consumer | France | 2016 |
| OLFEO | TMT | France | 2016 |
| PM2S | Industrials | France | 2017 |
| PROFERM | Industrials | France | 2018 |
| RONDOT | Industrials | France | 2019 |
| SUCHEME | Business Services | France | 2019 |
Realized
12 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| ADAMING | Business Services | France | 2015 | 2018 | Unknown | – | – |
| ATLAS FOR MEN | Consumer | France | 2016 | 2019 | Unknown | – | – |
| AZMAN | Business Services | France | 2017 | 2020 | Trade Sale | – | |
| EPSA | Business Services | France | 2017 | 2022 | Unknown | – | – |
| EXTRUFLEX | Industrials | France | 2017 | 2023 | Secondary | – | |
| FERMATIC | Business Services | France | 2015 | 2021 | Trade Sale | – | |
| ORIGIN GROUP (ELASTOTECH) | Industrials | France | 2016 | 2022 | Secondary | – | |
| PRIMELIS | Business Services | France | 2018 | 2024 | Secondary | – | |
| PURE TRADE | Consumer | France | 2015 | 2020 | Secondary | – | |
| VALTUS | Business Services | France | 2017 | 2020 | Secondary | – | |
| XMCO | Business Services | France | 2017 | 2024 | Secondary | – | |
| YMAG | TMT | France | 2019 | 2024 | Trade Sale | – |
Initiative & Finance FCPR IBuyout2010 · 16yr€140M2 active · 29 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AXE LOGISTICS | Business Services | France | 2014 |
| SMART GOOD THINGS | Consumer | France | 2014 |
Realized
29 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| AKANEA | TMT | France | 2013 | 2018 | Unknown | – | – |
| ALDEN | Consumer | France | 2006 | 2014 | Unknown | – | – |
| BEST ENVIRONNEMENT | Industrials | France | 2011 | 2014 | Unknown | – | – |
| BIO INTELLIGENCE SERVICE | Business Services | France | 2010 | 2013 | Unknown | – | – |
| COTTES | Consumer | France | 2003 | 2004 | Unknown | – | – |
| DAGARD | Industrials | France | 2014 | 2018 | Unknown | – | – |
| DGI | Industrials | France | 2008 | 2014 | Unknown | – | – |
| ECF | Business Services | France | 2011 | 2017 | Unknown | – | – |
| ENALSA | Consumer | France | 2007 | 2008 | Trade Sale | – | |
| FILIASSUR | Business Services | France | 2011 | 2018 | Unknown | – | – |
| FONDIS ELECTRONIC | Industrials | France | 2005 | 2011 | Unknown | – | – |
| FRANCE THERMES | Business Services | France | 2013 | 2018 | Unknown | – | – |
| GEOXIA | Industrials | France | 2003 | 2011 | Secondary | – | |
| IDO-IN | TMT | France | 2013 | 2016 | Unknown | – | – |
| IRIUM | TMT | France | 2011 | 2017 | Unknown | – | – |
| ISILIS | TMT | France | 2014 | 2021 | Unknown | – | – |
| LABORATOIRES FILORGA | Healthcare | France | 2006 | 2010 | Unknown | – | – |
| LABORATOIRES VIVACY | Healthcare | France | 2012 | 2015 | Trade Sale | – | |
| LBA | Industrials | France | 2011 | 2018 | Unknown | – | – |
| LGI WINES | Consumer | France | 2011 | 2019 | Unknown | – | – |
| MEDIANE | TMT | France | 2011 | 2017 | Unknown | – | – |
| NOMADVANCE | TMT | France | 2005 | 2012 | Unknown | – | – |
| OWANDY | Healthcare | France | 2004 | 2008 | Trade Sale | – | |
| PRESTOSID | Industrials | France | 2006 | 2014 | Unknown | – | – |
| PROPRIETES PRIVEES | Business Services | France | 2012 | 2016 | Unknown | – | – |
| SLAT | Industrials | France | 2009 | 2014 | Unknown | – | – |
| SOLWARE | TMT | France | 2008 | 2012 | Unknown | – | – |
| VULCAIN | Business Services | France | 2013 | 2019 | Secondary | – | |
| WEBNET | Business Services | France | 2008 | 2016 | Unknown | – | – |
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About Initiative & Finance
Initiative & Finance is a Paris-based private equity firm with €800 million of assets under management, founded in 1984 and specialising in the financing and transmission of small and medium enterprises (SMEs) across France, Belgium and Switzerland. The firm has built a 40-year continuous track record supporting French-speaking European SMEs through buyout transactions and growth equity commitments.
Investment thesis
Initiative & Finance targets French, Belgian and Swiss SMEs and lower mid-cap companies, deploying buyout and growth equity capital with ticket sizes typically ranging from €10 million to €50 million per transaction. Sector focus spans Business Services, TMT, Industrials, Consumer and Healthcare, with the platform's transmission expertise particularly valuable for owner-operator succession scenarios. The 40-year heritage provides extensive French-speaking European SME networks and management relationships.
Recent activity
Recent realised exits include PRIMELIS (business services, 2024), VULCAIN (business services, 2024), XMCO (business services, 2024) and YMAG (TMT, 2024), reflecting strong distribution momentum across the business services franchise. The platform tracks 5 funds, 47 active portfolio companies and 41 realised exits across the multi-decade SME transmission 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