Montefiore Investment
Montefiore Investment is a Paris private equity firm with €5.0B AUM, 70 active companies and 34 exits.
- ·21 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 34 realized deals: 5 years.
- ·Best return: 7.0x MOIC on Phenix (2018).
- ·Fund cadence: ~2Y between vintages · last raise 2024.
Sector breakdown
104 companiesGeography breakdown
3 geographiesKey facts
Recent exits
Montefiore Investment sold Caeli Energie to ADEXSI / Souchier-Boullet in 2026 after 3 years.
Montefiore Investment sold Barkene to Astorg (Astorg Mid Cap) in 2026 after 8 years.
Montefiore Investment sold Cercles de la Forme to Wellnest Society in 2025 after 8 years.
Montefiore Investment sold Fitness Management to Wellnest Society in 2025 after 8 years.
Coverage notes
6 funds tracked, 104 portfolio companies (70 active · 34 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Montefiore Investment has raised, with its portfolio companies. Hand-checked from public filings.
Montefiore VIBuyout2024€1.4B15 assetsBuyout2024 · 2yr€1.4B15–
Unrealized
15 held| Company | Entry |
|---|---|
| Arche MC2 HealthTech · France | 2026 |
| Ciela Village Hospitality · France | 2024 |
| DDS Logistics SaaS · France | 2023 |
| Demenego Consumer · Italy | 2024 |
| FACE Construction · France | 2026 |
| Groupe FACE Industrials · France | 2026 |
| Heraklio ClimateTech · France | – |
| Karavel Hospitality · France | 2025 |
| Karavel Groupe Hospitality · France | 2025 |
| Milani Construction · Italy | 2024 |
| oXya TMT · France | 2023 |
| Pierre Premier Gestion Financials · France | 2026 |
| Sahar TMT · France | 2024 |
| Studio Rock Business Services · Italy | 2026 |
| Uniject Construction · France | 2026 |
Montefiore Investment Expansion2023€450M4 assets–2023 · 3yr€450M4–
Starquest2022€300M13 assets3 exits–2022 · 4yr€300M133
Unrealized
13 held| Company | Entry |
|---|---|
| Aldoria Aerospace & Defence · France | 2024 |
| Atawey Mobility · France | 2022 |
| Auum Industrials · France | 2023 |
| Cailabs Deep Tech · France | 2022 |
| Ecoat ClimateTech · France | 2022 |
| Effy ClimateTech · France | 2022 |
| Heliup ClimateTech · France | 2023 |
| Hellowatt Energy · France | 2023 |
| Kyotherm ClimateTech · France | 2022 |
| Leakmited Software · France | 2025 |
| Les Nouvelles Fermes AgTech · France | 2025 |
| SOS Accessoires Industrials · France | 2022 |
| Ubees AgTech · France | 2026 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Caeli Energie ClimateTech · France | 2023 | 2026 | Trade Sale | ADEXSI / Souchier-Boullet | – |
| Phenix FoodTech · France | 2015 | 2018 | Secondary | ETF Partners, Bpifrance, Sofiouest and Arkea | 7.0x |
| Waga Energy ClimateTech · France | 2015 | 2021 | IPO | IPO (Euronext Paris) | – |
Montefiore VHarvestingBuyout2020€850M20 assets10 exitsBuyout2020 · 6yr€850M2010
Unrealized
20 held| Company | Entry |
|---|---|
| Audition Conseil Healthcare · France | 2023 |
| Bistrots Pas Parisiens Hospitality · France | 2023 |
| Bridge Healthcare · France | 2021 |
| Carpenters Workshop Gallery Consumer · France | 2020 |
| Cloud SAS Software · France | 2021 |
| Côté Sushi Hospitality · France | 2021 |
| DDS SaaS · France | 2021 |
| Ensio Construction · France | 2020 |
| European Digital Group Business Services · France | 2019 |
| Fédération Entertainment Consumer · France | 2021 |
| Federation Studios TMT · France | 2021 |
| Generix SaaS · France | 2022 |
| GL Events Sports Consumer · France | 2021 |
| imaGen Healthcare · France | 2022 |
| Montefiore Investment Expansion UP Business Services · France | 2022 |
| NGE Construction · France | 2021 |
| Open IT Services · France | 2020 |
| Patchwork HealthTech · France | 2022 |
| Sport Media Rights Business Services · France | 2021 |
| TC Concept Industrials · France | 2022 |
Realized
10 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Cercles de la Forme Hospitality · France | 2017 | 2025 | Trade Sale | Wellnest Society | – |
| Cruiseline Hospitality · France | 2017 | 2020 | Secondary | Perwyn | – |
| Follow Group Software · France | 2021 | 2024 | Trade Sale | RCLY CONSULTING | – |
| Gandi.net Telecom · France | 2019 | 2023 | Trade Sale | Total Webhosting Solutions (TWS) → Your.Online | – |
| Institut Superieur des Professions de Sante Education · France | 2010 | 2016 | Secondary | G Square Capital | – |
| Lyon Olympique Universitaire - LOU Rugby Software · France | 2021 | 2024 | MBO | – | – |
| Mistertemp’ group HR Tech · France | 2017 | 2024 | Secondary | Andera Partners | – |
| NEW GO Software · France | 2021 | 2024 | MBO | MENAEL | – |
| Paris Experience Group Hospitality · France | 2021 | 2024 | Trade Sale | Aeroports de Paris (ADP) | – |
| Smile Group Software · France | 2020 | 2024 | Secondary | AlpInvest Partners | – |
Nov Tourisme2020€180M8 assets1 exits–2020 · 6yr€180M81
Unrealized
8 held| Company | Entry |
|---|---|
| Atypio Hotels Resort Hospitality · France | 2022 |
| B Live Group Business Services · France | 2022 |
| Biografy Hospitality · France | 2023 |
| Catlante Catamarans Hospitality · France | 2023 |
| Fontenille Collection Hospitality · France | 2021 |
| Pierre et Vacances – Center Parcs Hospitality · France | 2022 |
| Riverly Hospitality · France | 2022 |
| Street Bangkok Hospitality · France | 2021 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| MMV Hospitality · France | 2021 | 2022 | Trade Sale | Compagnie des Alpes | – |
Montefiore IVHarvestingBuyout2016€420M10 assets20 exitsBuyout2016 · 10yr€420M1020
Unrealized
10 held| Company | Entry |
|---|---|
| Avantage SA Business Services · France | 2016 |
| Digitrips Hospitality · France | 2016 |
| Groupe Premium Financials · France | 2018 |
| iQera Financials · France | 2015 |
| Isabel Marant Consumer · France | 2016 |
| MI IV SPV Business Services · France | 2016 |
| MI Renaissance Software · France | 2017 |
| SC Renaissance Software · France | 2017 |
| Urban Renaissance Software · France | 2018 |
| Valority Financials · France | 2019 |
Realized
20 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Asmodee Consumer · France | 2007 | 2014 | Secondary | Eurazeo | – |
| Auto Escape Mobility · France | 2009 | 2014 | Trade Sale | Expedia Group | – |
| Avenir Santé Healthcare · France | 2010 | 2016 | Trade Sale | Groupe C2S (Bridgepoint) | – |
| B&B Hotels Hospitality · France | 2005 | 2016 | Secondary | PAI Partners | – |
| Barkene Business Services · France | 2018 | 2026 | Trade Sale | Astorg (Astorg Mid Cap) | – |
| Biolab Consumer · France | 2015 | 2018 | Trade Sale | Eurofins Scientific | – |
| BVA Business Services · France | 2013 | 2017 | Secondary | Naxicap Partners | – |
| Demos HR Tech · France | 2013 | 2016 | Trade Sale | Weidong Group | – |
| Digilinx Group Software · France | 2019 | 2024 | Trade Sale | Financière Klingbeil 2 | – |
| European Camping Group Hospitality · France | 2006 | 2021 | Secondary | PAI Partners | – |
| Evariste Business Services · France | 2013 | 2021 | Secondary | Luxempart | – |
| Fitness Management Software · France | 2017 | 2025 | Trade Sale | Wellnest Society | – |
| Home and Furnitures Consumer · France | 2017 | 2019 | Trade Sale | Groupe Aquinos | – |
| IM Growth Software · France | 2017 | 2020 | Trade Sale | SMILE Group | – |
| Interflora Consumer · France | 2015 | 2021 | Secondary | PAI Partners (Mid-Market) | – |
| Lyovel Consumer · France | 2014 | 2017 | Trade Sale | Jacobs Douwe Egberts (JDE) | – |
| Me Group Consumer · UK | 2020 | 2025 | Trade Sale | Secondary (London Stock Exchange institutional investors) | – |
| O10c Group Software · France | 2018 | 2024 | Secondary | DRAKESTONE INVESTMENTS | – |
| Voyageurs du Monde Hospitality · France | 2015 | 2021 | Continuation Vehicle | Certares + Nov Tourisme (Montefiore continuation) | – |
| Xelians Business Services · France | 2017 | 2025 | Secondary | Management buyout (Andera Partners) | – |
About Montefiore Investment
Montefiore Investment is a French mid-cap private equity firm with €5.0 billion of assets under management as of December 2024, headquartered in Paris. Founded in 2005 by Daniel Elalouf and Eric Bismuth, the firm is partner-owned and independent, deploying capital from successive flagship vintage funds with a track record focused on the French mid-market plus selective pan-European transactions. The platform combines mid-cap LBO expertise with sector specialisation across services, healthcare and consumer-facing businesses.
Investment thesis
Montefiore targets French and selectively pan-European mid-cap LBO transactions with equity tickets ranging from €50 million to €300 million per transaction, focusing on profitable companies with €50 million to €500 million in enterprise value. Sector focus spans Industrials, Healthcare, Consumer, Software, Business Services, TMT and Financials, with a particular strength in services-led mid-cap businesses. The firm emphasises operational value creation through bolt-on M&A strategies and management team partnership over five to seven year holding periods.
Recent activity
Recent realised exits include Barkene (business services, 2026), Cercles de la Forme (consumer, 2025), FITNESS MANAGEMENT (software, 2025), Me Group (consumer, 2025), Xelians (business services, 2025) and FOLLOW GROUP (software, 2024), reflecting active distribution across services and consumer verticals. The platform tracks 6 funds, 55 active portfolio companies and 36 realised exits, with the latest vintage actively deploying capital across French mid-market opportunities.
Frequently asked questions
- How many portfolio companies does Montefiore Investment have?
- Montefiore Investment has 70 active portfolio companies and 34 completed exits and 6 funds tracked on GP Intel.
- Where is Montefiore Investment headquartered?
- Montefiore Investment is headquartered in Paris, France.
- What is Montefiore Investment's assets under management?
- Montefiore Investment manages approximately €5.0B in assets under management.
- What are Montefiore Investment's recent exits?
- Recent realized exits by Montefiore Investment include: Caeli Energie (2026) to ADEXSI / Souchier-Boullet; Barkene (2026) to Astorg (Astorg Mid Cap); Cercles de la Forme (2025) to Wellnest Society; FITNESS MANAGEMENT (2025) to Wellnest Society; Me Group (2025) to Secondary (London Stock Exchange institutional investors); Xelians (2025) to Management buyout (Andera Partners); FOLLOW GROUP (2024) to RCLY CONSULTING; Mistertemp’ group (2024) to Andera Partners.
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