Skip to content
Home/GPs/ISALT
DetailCard
ISALT

ISALT

PLENEUF-VAL-ANDRE, France·Founded 2008··isalt-gestion.com

ISALT is an independent portfolio management company founded in 2019, specializing in long-term equity investments in French companies with an industrial or technological focus. It manages significant funds including the Fonds Stratégique de Participations (FSP) with over €2.1 billion in assets and the Fonds Stratégique des Transitions (FST) dedicated to innovative SMEs and mid-sized companies.

AUM
€3.0B
Funds
3
vintages 2013–2025
Portfolio
22
Exits
8

ISALT is a PLENEUF-VAL-ANDRE growth equity firm with €3.0B AUM, 22 active companies and 8 exits.

Key takeaways
  • ·5 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 8 realized deals: 4 years.
  • ·Fund cadence: ~6Y between vintages · last raise 2025.

Sector breakdown

30 companies
Business Services
5 · 17%
Industrials
4 · 13%
Consumer
3 · 10%
Deep Tech
2 · 7%
Fintech
2 · 7%
MedTech
2 · 7%
Aerospace & Defence
2 · 7%
Financials
2 · 7%

Key facts

HQPLENEUF-VAL-ANDRE, France
Founded2008

Recent exits

Elior

ISALT exited Elior in 2025 after 7 years.

ISALT sold Believe to Upbeat BidCo (EQT, TCV, Warner Music) in 2024 after 2 years.

Neoen

ISALT sold Neoen to Brookfield in 2024 after 6 years.

Tréhorel

ISALT sold Tréhorel to Actual Group in 2024 after 6 years.

Coverage notes

3 funds tracked, 30 portfolio companies (22 active · 8 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund ISALT has raised, with its portfolio companies. Hand-checked from public filings.

3 funds
Strategie Horizon Dual (SHD)
Growth2025€300M1 assets

Unrealized

1 held
CompanyEntry
Quobly
Deep Tech · France
2026
Fonds Stratégique des Transitions (FST)investing
Growth2023€300M11 assets

Unrealized

11 held
CompanyEntry
DentalMonitoring
HealthTech · France
2024
Energies de Loire
Industrials · France
2024
Epsor
Fintech · France
2024
Groupe Sources
Industrials · France
2024
Intact Regenerative
Industrials · France
2023
Meelo
Fintech · France
2026
Oury Médical
MedTech · France
2026
Pearltrees
Software · France
2026
Tissium
MedTech · France
2023
Unseenlabs
Aerospace & Defence · France
2023
Via Sana
Healthcare · France
2024
Fonds Stratégique de Participations (FSP)divesting
Growth2013€2.7B10 assets8 exits

Unrealized

10 held
CompanyEntry
Arkema
Industrials · France
2020
Eutelsat Communications
Telecom · France
2016
Fonds Stratégique des Transitions (FST)
Financials · France
2023
Groupe ADIT
Business Services · France
2025
Groupe SEB
Consumer · France
2014
Robertet
Consumer · France
2024
Soitec
Deep Tech · France
2022
Tikehau Capital
Financials · France
2021
Valeo
Mobility · France
2021
Verkor
Mobility · France
2023

Realized

8 exits
CompanyEntryExitTypeBuyerMOIC
Awel Quimper
Business Services · France
20172019Trade SaleActual Group–
Awel Saint-Malo
Business Services · France
20172019Trade SaleActual Group–
BBT
Business Services · France
20172019Trade SaleActual Group–
Believe
TMT · France
20222024Trade SaleUpbeat BidCo (EQT, TCV, Warner Music)–
Elior
Consumer · France
20182025–––
Neoen
Energy · France
20182024Trade SaleBrookfield–
Safran
Aerospace & Defence · France
20152022Trade Sale––
Tréhorel
Business Services · France
20182024Trade SaleActual Group–

About ISALT

ISALT is an independent French portfolio management company with €3 billion of assets under management as of December 2024, founded in 2008 and headquartered in Pléneuf-Val-André in Brittany. The firm specialises in long-term equity investments in French companies with an industrial or technological focus, managing significant strategic mandates including the Fonds Stratégique de Participations and dedicated growth equity vehicles aligned with French industrial sovereignty objectives.

Investment thesis

ISALT targets French listed and unlisted companies with industrial or technological strategic importance, deploying significant minority equity positions through long-duration mandates aligned with French sovereign strategic objectives. Sector focus spans Industrials, Business Services, TMT, Healthcare, Consumer and Financials, with patient capital deployment supporting French strategic businesses across multiple investment cycles. The platform's long-term mandate framework distinguishes ISALT from typical mid-market private equity peers.

Recent activity

Recent realised exits include Tréhorel (business services, 2024), reflecting selective distribution activity across the long-duration strategic mandates. The platform tracks 2 funds, 24 active portfolio companies and 4 realised exits, with patient capital deployment supporting French industrial and technological positions.

Portfolio platforms backed by ISALT made 12 researched add-on acquisitions during its ownership.

Frequently asked questions

What investment strategy does ISALT focus on?
ISALT focuses on Growth, Buyout strategies in the private equity space.
How many portfolio companies does ISALT have?
ISALT has 22 active portfolio companies and 8 completed exits and 3 funds tracked on GP Intel.
Where is ISALT headquartered?
ISALT is headquartered in PLENEUF-VAL-ANDRE, France.
What is ISALT's assets under management?
ISALT manages approximately €3.0B in assets under management.
When was ISALT founded?
ISALT was founded in 2008.
What sectors does ISALT invest in?
ISALT invests across Industrials, TMT, Software, Healthcare, Consumer, Financials, Business Services.
What are ISALT's recent exits?
Recent realized exits by ISALT include: Believe (2024) to Upbeat BidCo (EQT, TCV, Warner Music); Neoen (2024) to Brookfield; Tréhorel (2024) to Actual Group; Awel Quimper (2019) to Actual Group; Awel Saint-Malo (2019) to Actual Group; BBT (2019) to Actual Group.
Look up another firm or company
Last updated July 2026 · Sourced from public filings · Report an issue