Seven2
Seven2, formerly Apax Partners, is a leading independent European private equity firm founded in 1972 and headquartered in Paris. It manages around €5 billion in assets, investing primarily in small and midcap companies with strong fundamentals and growth potential across Europe.
Seven2 is a Paris buyout firm with €5.0B AUM, 26 active companies and 6 exits.
- ·6 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 4 realized deals: 5 years.
- ·Top sector focus: TMT (25% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2025.
Sector breakdown
32 companiesGeography breakdown
4 geographiesKey facts
Recent exits
Seven2 sold Crystal to Seven2 continuation vehicle led by LGT Capital Partners and co-led by BlackRock-managed funds in 2025 after less than a year.
Seven2 sold Marlink to Seven2 continuation vehicle led by LGT Capital Partners and co-led by BlackRock-managed funds in 2025 after less than a year.
Seven2 sold Rayonnance Technologies to SOLUTYS Group in 2025 after 5 years.
Seven2 sold Marlink to Seven2 Duality (continuation vehicle) in 2025 after 9 years.
Coverage notes
7 funds tracked, 32 portfolio companies (26 active · 6 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Seven2 has raised, with its portfolio companies. Hand-checked from public filings.
Seven2 Duality2025€400M0 assets2 exits–2025 · 1yr€400M02
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Crystal Financials · France | 2025 | 2025 | Continuation Vehicle | Seven2 continuation vehicle led by LGT Capital Partners and co-led by BlackRock-managed funds | – |
| Marlink Telecom · France | 2025 | 2025 | Continuation Vehicle | Seven2 continuation vehicle led by LGT Capital Partners and co-led by BlackRock-managed funds | – |
Seven2 Development FundGrowth2024€350M1 assetsGrowth2024 · 2yr€350M1–
Unrealized
1 held| Company | Entry |
|---|---|
| School of Arts Education · France | 2024 |
Apax Development Fund IIGrowth2023€350M5 assetsGrowth2023 · 3yr€350M5–
Unrealized
5 held| Company | Entry |
|---|---|
| Diapason Software · France | 2020 |
| ILLUIN Technology TMT · France | 2025 |
| Mailinblack Cybersecurity · France | 2022 |
| Pandat Finance Financials · France | 2022 |
| Porsolt Healthcare · France | 2023 |
Seven2 MidMarket X FPCIBuyout2021€1.6B16 assets1 exitsBuyout2021 · 5yr€1.6B161
Unrealized
16 held| Company | Entry |
|---|---|
| AEB Industrials · France | 2018 |
| Almond Consumer · France | 2021 |
| Bompard Consumer · France | 2018 |
| BTP Consultants Construction · France | 2021 |
| CEME Energy · France | 2022 |
| Efficy TMT · Belgium | 2021 |
| Fulgard Business Services · Italy | 2024 |
| Hirsch Group TMT · France | 2023 |
| HRK Lunis Business Services · France | 2025 |
| Infraneo Industrials · France | 2023 |
| Mental Care Group Healthcare · France | 2021 |
| Odigo Group TMT · France | 2020 |
| Odin Groep Business Services · Netherlands | 2022 |
| Olifan Group Financials · France | 2025 |
| Opteven InsurTech · France | 2022 |
| Zwart Techniek Energy · France | 2025 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Expereo Telecom · France | 2018 | 2021 | Secondary | Vitruvian Partners | – |
Apax Midmarket fundBuyout2020€1.6B0 assets1 exitsBuyout2020 · 6yr€1.6B01
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Crystal Financials · France | 2021 | 2024 | Secondary | Goldman Sachs Alternatives | – |
Apax MidMarket IX FPCIBuyout2016€1.0B2 assets1 exitsBuyout2016 · 10yr€1.0B21
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Rayonnance Technologies TMT · France | 2020 | 2025 | Trade Sale | SOLUTYS Group | – |
About Seven2
Seven2 is a private equity firm with €5 million of assets under management as of December 2024 and a founding year of 2008, headquartered in Paris. The platform targets majority and significant minority stakes in European mid-cap businesses across TMT, consumer, healthcare, business services, financials, industrials, software and energy, deploying institutional capital from successive flagship vehicles.
Investment thesis
The platform deploys buyout and growth equity capital across TMT, consumer, healthcare, business services, financials, industrials, software and energy businesses in France and selectively across Europe, targeting majority and significant minority equity positions in mid-cap and lower mid-cap European companies. Value-creation framework emphasises operational improvement, working capital optimisation and selective M&A activity, with the partnership culture supporting management teams across multi-year ownership periods.
Recent activity
Recent realised exits include Pandat Finance (financials, 2022). The platform tracks 6 fund vehicles, 29 active portfolio companies and 1 realised exit across the strategy's history.
Frequently asked questions
- What investment strategy does Seven2 focus on?
- Seven2 focuses on Buyout, Growth strategies in the private equity space.
- How many portfolio companies does Seven2 have?
- Seven2 has 26 active portfolio companies and 6 completed exits and 7 funds tracked on GP Intel.
- Where is Seven2 headquartered?
- Seven2 is headquartered in Paris, France.
- What is Seven2's assets under management?
- Seven2 manages approximately €5.0B in assets under management.
- When was Seven2 founded?
- Seven2 was founded in 2008.
- What sectors does Seven2 invest in?
- Seven2 invests across TMT, Consumer, Healthcare, Business Services, Financials, Industrials, Software, Energy.
- What are Seven2's recent exits?
- Recent realized exits by Seven2 include: Crystal (2025) to Seven2 continuation vehicle led by LGT Capital Partners and co-led by BlackRock-managed funds; Marlink (2025) to Seven2 continuation vehicle led by LGT Capital Partners and co-led by BlackRock-managed funds; Rayonnance Technologies (2025) to SOLUTYS Group; Marlink (2025) to Seven2 Duality (continuation vehicle); Crystal (2024) to Goldman Sachs Alternatives; Expereo (2021) to Vitruvian Partners.
Similar firms
Other private equity firms tracked on GP Intel.