Initiative & Finance

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.

Frequently asked questions

What investment strategy does Initiative & Finance focus on?

Initiative & Finance focuses on Buyout, Growth strategies in the private equity space.

How many portfolio companies does Initiative & Finance have?

Initiative & Finance has 47 active portfolio companies and 46 completed exits and 5 funds tracked on GP Intel.

Where is Initiative & Finance headquartered?

Initiative & Finance is headquartered in PARIS, France.

What is Initiative & Finance's assets under management?

Initiative & Finance manages approximately €800M in assets under management.

When was Initiative & Finance founded?

Initiative & Finance was founded in 2025.

What sectors does Initiative & Finance invest in?

Initiative & Finance invests across Healthcare, Consumer, Industrials, Business Services, Financials.

What are Initiative & Finance's recent exits?

Recent realized exits by Initiative & Finance include: AZERGO (2026) to iXO Private Equity; Société Générale Capital Partenaires; BNP Paribas Développement; BRICONORD (2025) to ODDO BHF Strategic Opportunities; OLFEO (2025) to Ekinops; OCCIPAIN (2024) to Arterris / UI Investissement / Credit Mutuel Equity; PRIMELIS (2024) to Sagard; XMCO (2024) to Entrepreneur Invest; YMAG (2024) to Septeo; EXTRUFLEX (2023) to Galiena Capital + Spice Capital.