ISALT
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.
ISALT is a PLENEUF-VAL-ANDRE growth equity firm with €3.0B AUM, 22 active companies and 8 exits.
- ·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 companiesKey facts
Recent exits
ISALT exited Elior in 2025 after 7 years.
ISALT sold Believe to Upbeat BidCo (EQT, TCV, Warner Music) in 2024 after 2 years.
ISALT sold Neoen to Brookfield in 2024 after 6 years.
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.
Strategie Horizon Dual (SHD)Growth2025€300M1 assetsGrowth2025 · 1yr€300M1–
Unrealized
1 held| Company | Entry |
|---|---|
| Quobly Deep Tech · France | 2026 |
Fonds Stratégique des Transitions (FST)investingGrowth2023€300M11 assetsGrowth2023 · 3yr€300M11–
Unrealized
11 held| Company | Entry |
|---|---|
| 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)divestingGrowth2013€2.7B10 assets8 exitsGrowth2013 · 13yr€2.7B108
Unrealized
10 held| Company | Entry |
|---|---|
| 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| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Awel Quimper Business Services · France | 2017 | 2019 | Trade Sale | Actual Group | – |
| Awel Saint-Malo Business Services · France | 2017 | 2019 | Trade Sale | Actual Group | – |
| BBT Business Services · France | 2017 | 2019 | Trade Sale | Actual Group | – |
| Believe TMT · France | 2022 | 2024 | Trade Sale | Upbeat BidCo (EQT, TCV, Warner Music) | – |
| Elior Consumer · France | 2018 | 2025 | – | – | – |
| Neoen Energy · France | 2018 | 2024 | Trade Sale | Brookfield | – |
| Safran Aerospace & Defence · France | 2015 | 2022 | Trade Sale | – | – |
| Tréhorel Business Services · France | 2018 | 2024 | Trade Sale | Actual 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.
Similar firms
Other private equity firms tracked on GP Intel.