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Isatis Capital

Isatis Capital

Isatis Capital is an independent Paris-based private equity firm created in 2013 by the team that previously managed the direct SME funds of BNP Paribas Private Equity. It provides growth capital and small-cap buyout / OBO financing (up to about 16m EUR per deal) to profitable, growing French unlisted SMEs in digital, healthcare and engineering, aiming to turn them into mid-market leaders (ETI).

AUM
€480M
Funds
1
vintages 2017
Portfolio
24
Exits
13

Key facts

HQParis, France
Founded2013
Employees16+

Recent exits

Senef
Senef
Software2026 · 3yr hold
Nova Consulting
Nova Consulting
Business Services2025 · 7yr hold
Upsideo
Upsideo
Fintech2025 · 4yr hold
Milexia
Milexia
Industrials2023 · 5yr hold

Coverage notes

1 fund tracked, 37 portfolio companies (24 active · 13 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

37 companies
IT Services
8 · 22%
Industrials
7 · 19%
Business Services
7 · 19%
Software
4 · 11%
Healthcare
3 · 8%
HR Tech
2 · 5%
Education
2 · 5%
Fintech
2 · 5%

Funds & portfolio

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

1 fund
FCPR Isatis Capital Vie & RetraiteGrowthActive
2017 · 9yr24 active · 13 realized

Unrealized

24 held
2AST
2ASTActive
IndustrialsFrance· Entry 2024
IndustrialsFrance· Entry 2024
AdelyceActive
HR TechFrance· Entry 2026
Ailancy
AilancyActive
Business ServicesFrance· Entry 2021
Antelec
AntelecActive
IndustrialsFrance· Entry 2023
IT ServicesFrance· Entry 2025
B-Hive
B-HiveActive
Business ServicesFrance· Entry 2020
CaptiveaActive
IT ServicesFrance· Entry 2026
Business ServicesFrance· Entry 2022
IT ServicesFrance· Entry 2021
Business ServicesFrance· Entry 2019
Enertion
EnertionActive
EnergyFrance· Entry 2022
IndustrialsFrance· Entry 2024
Greenoffice
GreenofficeActive
Business ServicesFrance· Entry 2024
Business ServicesFrance· Entry 2020
IndustrialsFrance· Entry 2024
Immed
ImmedActive
HealthcareFrance· Entry 2022
iXnovActive
IT ServicesFrance· Entry 2022
One Prepaid
One PrepaidActive
FintechFrance· Entry 2025
Pitchy
PitchyActive
SaaSFrance· Entry 2023
HealthcareFrance· Entry 2021
HealthcareFrance· Entry 2013
SourcesActive
IndustrialsFrance· Entry 2025
Wiiisdom
WiiisdomActive
SoftwareFrance· Entry 2022

Realized

13 exits
Cofluent Design
Cofluent DesignExited 2011
SoftwareFrance· Entry 2007
Trade Saleto
Daveo
DaveoExited 2019
IT ServicesFrance· Entry 2016
Trade Saleto
FoederisExited 2022
HR TechFrance· Entry 2017
Trade Saleto
Graitec
GraitecExited 2020
SoftwareFrance· Entry 2014
Secondaryto
Metaline
MetalineExited 2022
IT ServicesFrance· Entry 2017
Secondaryto
Milexia
MilexiaExited 2023
IndustrialsFrance· Entry 2018
Secondaryto
Next Group
Next GroupExited 2022
EducationFrance· Entry 2018
Trade Saleto
Nova Consulting
Nova ConsultingExited 2025
Business ServicesFrance· Entry 2018
Trade Saleto
NoveaneExited 2022
IT ServicesFrance· Entry 2013
Trade Saleto
Parnasse EducationExited 2023
EducationFrance· Entry 2018
Secondaryto
Senef
SenefExited 2026
SoftwareFrance· Entry 2023
Secondaryto
Upsideo
UpsideoExited 2025
FintechFrance· Entry 2021
Trade Saleto
Zenika
ZenikaExited 2022
IT ServicesFrance· Entry 2018
Secondaryto
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About Isatis Capital

Isatis Capital is a French private equity firm with €1 billion of assets under management as of December 2024, headquartered in Paris. Founded in 2013, the firm focuses on buyout and growth equity investments in European mid-cap businesses across TMT, industrials, software, healthcare and business services, deploying capital from successive flagship funds with institutional limited partner support.

Investment thesis

Isatis Capital deploys buyout capital into European mid-cap and small-cap businesses across TMT, industrials, software, healthcare and business services, targeting majority equity positions in profitable companies with clear value-creation runways. Investment focus emphasises operational improvement, selective bolt-on M&A acceleration and selective international expansion across France and selectively across Europe, with capital deployed from successive flagship funds backed by institutional limited partners.

Recent activity

Recent realised exits include AMETYS BEAUTE (software, 2024), GREEN BUSINESS INTERNATIONAL (software, 2024), S2F FLEXICO (software, 2024) and Saveurs et Vie (healthcare, 2024). The platform tracks 8 fund vehicles, 93 active portfolio companies and 23 realised exits across the strategy's history. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated August 2026 · Sourced from public filings · Report an issue