Investisseurs et Partenaires
Paris, FranceParis-based pioneering impact investment group founded in 2002 by Patrice Hoppenot, led by Jean-Michel Severino from 2011 and co-managed since 2021 by Sebastien Boye and Jeremy Hajdenberg. I&P finances and supports SMEs and startups across sub-Saharan Africa through minority growth equity, managing direct SME funds (IPDEV 1, IPAE 1, IPAE 2), sponsoring African partner funds and running acceleration programs. Around 480 million euros raised and 90-plus direct investments across about 20 African countries.
Investisseurs et Partenaires is a Paris growth equity firm with €480M AUM, 45 active companies and 13 exits.
- ·3 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 13 realized deals: 6 years.
Sector breakdown
58 companiesGeography breakdown
15 geographiesKey facts
Recent exits
Investisseurs et Partenaires sold Afribon to Kerry Group in 2022 after 4 years.
Investisseurs et Partenaires sold PEG Africa to Bboxx in 2022 after 7 years.
Investisseurs et Partenaires sold Normat to EPC Groupe in 2021 after 4 years.
Investisseurs et Partenaires sold Fides Microfinance Senegal to Microcred Senegal (Baobab Group) in 2018 after 7 years.
Coverage notes
3 funds tracked, 58 portfolio companies (45 active · 13 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Investisseurs et Partenaires has raised, with its portfolio companies. Hand-checked from public filings.
IPAE 2HarvestingGrowth201723 assets1 exitsGrowth2017 · 9yr–231
Unrealized
23 held| Company | Entry |
|---|---|
| AerialMetric Logistics · Madagascar | 2023 |
| African Management Institute Education · Kenya | 2018 |
| Afrikrea E-commerce · Ivory Coast | 2022 |
| AgroServ Industrie Consumer · Burkina Faso | 2017 |
| CoinAfrique E-commerce · Senegal | 2018 |
| Delta SA Construction · Senegal | 2021 |
| Ed Partners Financials · Kenya | 2021 |
| Go Africa Online TMT · Ivory Coast | 2022 |
| HERi ClimateTech · Madagascar | 2022 |
| Icona Consumer · Burkina Faso | 2020 |
| iProcure AgTech · Kenya | 2022 |
| Lapaire Glasses Healthcare · Kenya | 2023 |
| Mali Shi Consumer · Mali | 2023 |
| New Crystal Healthcare · Ghana | 2020 |
| Pigier Cameroun Education · Cameroon | 2021 |
| Procréa Healthcare · Ivory Coast | 2018 |
| Rensource ClimateTech · Nigeria | 2020 |
| So Fresh Hospitality · Nigeria | 2022 |
| Soafiary Consumer · Madagascar | 2020 |
| StarNews TMT · Ivory Coast | 2020 |
| WIN Industries Consumer · Senegal | 2023 |
| XpressGas Energy · Ghana | 2021 |
| Zeepay Fintech · Ghana | 2021 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Afribon Consumer · Kenya | 2018 | 2022 | Trade Sale | Kerry Group | – |
IPAE 1HarvestingGrowth201215 assets1 exitsGrowth2012 · 14yr–151
Unrealized
15 held| Company | Entry |
|---|---|
| Acep Burkina Financials · Burkina Faso | 2013 |
| ACEP Group Financials · France | 2017 |
| Acep Madagascar Financials · Madagascar | 2012 |
| Barajii Consumer · Burkina Faso | 2016 |
| Carrières et Chaux du Mali Construction · Mali | 2016 |
| Eden Tree Agriculture · Ghana | 2015 |
| Enko Education Education · South Africa | 2016 |
| ENVAL Laboratoire Business Services · Ivory Coast | 2015 |
| Indian Ocean Trepang (IOT) Agriculture · Madagascar | 2012 |
| NEST Healthcare · Senegal | 2012 |
| Neurotech IT Services · Senegal | 2016 |
| Novago Business Services · Ivory Coast | 2014 |
| Pêcheries du Sud Consumer · Madagascar | 2016 |
| Pharmivoire Nouvelle Pharma · Ivory Coast | 2014 |
| Trianon Homes Real Estate · Ivory Coast | 2014 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| PEG Africa ClimateTech · Ghana | 2015 | 2022 | Trade Sale | Bboxx | – |
IPDEV 1HarvestingGrowth20027 assets11 exitsGrowth2002 · 24yr–711
Unrealized
7 held| Company | Entry |
|---|---|
| ACEP Cameroun Financials · Cameroon | 2005 |
| Bhélix Construction · Benin | 2009 |
| Carotech Bénin Construction · Benin | 2009 |
| Cofipêche Industrials · Ivory Coast | 2009 |
| Sinergi Niger Financials · Niger | 2006 |
| Trainis Education · Mali | 2010 |
| Viseo Healthcare · Ivory Coast | 2010 |
Realized
11 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Camed Pharma · Mali | 2003 | 2011 | Trade Sale | Local pharmacists and a French pharmaceutical wholesaler supplier | – |
| Carotech Mali Construction · Mali | 2005 | 2013 | – | – | – |
| CDS Energy · Mauritania | 2011 | 2016 | Secondary | Engie Rassembleurs d’Energies and SADEV | – |
| Colaser Healthcare · Senegal | 2007 | 2014 | – | – | – |
| Duopharm Pharma · Senegal | 2010 | 2016 | MBO | Founding pharmacists of Duopharm | – |
| Fides Bank Namibia Financials · Namibia | 2010 | 2014 | Trade Sale | Trustco Group Holdings | – |
| Fides Microfinance Senegal Financials · Senegal | 2011 | 2018 | Trade Sale | Microcred Senegal (Baobab Group) | – |
| Legeni Business Services · Niger | 2004 | 2012 | MBO | Adamou Assane | – |
| Normat Industrials · Benin | 2017 | 2021 | Trade Sale | EPC Groupe | – |
| Nutrizaza Consumer · Madagascar | 2012 | 2017 | Secondary | Other existing shareholders of Nutri'zaza | – |
| Saphar Pharma · Niger | 2006 | 2011 | MBO | Djibrilla Hima, Mahamane Sekou and trusted co-investors | – |
About Investisseurs et Partenaires
Investisseurs et Partenaires is a French venture capital firm headquartered in Paris with capital deployed across 10 active fund vehicles. Founded in 2006, the firm deploys institutional capital across early-stage and selective growth-stage equity rounds in European technology companies, with sector focus spanning consumer, healthcare, business services and industrials.
Investment thesis
Investisseurs et Partenaires targets European and selectively global early-stage and growth-stage technology companies across consumer, healthcare, business services and industrials, deploying institutional venture capital across seed, Series A and Series B rounds. The firm emphasises hands-on operational support during the post-investment value-creation phase, leveraging founder and operator partners alongside institutional capital to support international expansion and category leadership across France and selectively across Europe. Average equity tickets vary by stage with reserve capital preserved for follow-on rounds across the platform.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 10 fund vehicles, 39 active portfolio companies and 0 realised exits across the strategy's history.
Frequently asked questions
- What investment strategy does Investisseurs et Partenaires focus on?
- Investisseurs et Partenaires focuses on Growth strategies in the private equity space.
- How many portfolio companies does Investisseurs et Partenaires have?
- Investisseurs et Partenaires has 45 active portfolio companies and 13 completed exits and 3 funds tracked on GP Intel.
- Where is Investisseurs et Partenaires headquartered?
- Investisseurs et Partenaires is headquartered in Paris, France.
- What is Investisseurs et Partenaires's assets under management?
- Investisseurs et Partenaires manages approximately €480M in assets under management.
- When was Investisseurs et Partenaires founded?
- Investisseurs et Partenaires was founded in 2002.
- What sectors does Investisseurs et Partenaires invest in?
- Investisseurs et Partenaires invests across Consumer, Financials, Healthcare, Energy, Business Services, Industrials.
- What are Investisseurs et Partenaires's recent exits?
- Recent realized exits by Investisseurs et Partenaires include: Afribon (2022) to Kerry Group; PEG Africa (2022) to Bboxx; Normat (2021) to EPC Groupe; Fides Microfinance Senegal (2018) to Microcred Senegal (Baobab Group); Nutrizaza (2017) to Other existing shareholders of Nutri'zaza; CDS (2016) to Engie Rassembleurs d’Energies and SADEV; Duopharm (2016) to Founding pharmacists of Duopharm; Fides Bank Namibia (2014) to Trustco Group Holdings.
Similar firms
Other private equity firms tracked on GP Intel.
