Stags Participations
Stags Participations is the family-office private equity vehicle of Philippe Louis-Dreyfus and his children (Louis Dreyfus Armateurs maritime branch since 2007), founded in 2011 and headquartered at 21 Quai Gallieni in Suresnes near Paris. The firm operates through a series of SAS-vintage holding companies (Stags Participations I, II, III, IV, F, V-D) and invests its own family capital as a long-term minority co-investor alongside founders and leading private equity funds including Wendel, Ardian, AXA Private Equity, Parquest Capital, Bridgepoint and IK Partners. Stags targets companies with revenues above EUR 30M across six preferred sectors: industrials, healthcare, digital and IT services, business services, agro-food and education. The firm is led by Charlotte Lezius-Doncel (Founding Partner) with Ladislas Roche and Gregoire de Castelnau as Managing Directors and the Louis-Dreyfus family Investment Committee. Stags is NOT an AMF-regulated portfolio management company; it operates as an evergreen family holding without third-party LP fundraising. Notable exits include Arkadin (2014 NTT Communications EUR 350M Trade Sale), Sogelink (2016 Apax Partners Secondary), Believe (2021 IPO Euronext Paris), Domidep (2019 Maisons de Famille Secondary), EuroDommages (2025), Acquaviva and GES (2017-2021).
Stags Participations is a Suresnes growth equity firm with 32 active companies and 14 exits.
- ·9 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 13 realized deals: 5 years.
Sector breakdown
46 companiesGeography breakdown
11 geographiesKey facts
Recent exits
Stags Participations sold EuroDommages to Management in 2025 after 7 years.
Stags Participations sold Salini Immobilier to MBO+ and InnovaFonds in 2025.
Stags Participations sold Acquaviva to Vandemoortele in 2024 after 6 years.
Stags Participations sold Ama Waterways to L Catterton in 2024 after 7 years.
Coverage notes
1 fund tracked, 46 portfolio companies (32 active · 14 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Stags Participations has raised, with its portfolio companies. Hand-checked from public filings.
Stags ParticipationsRealizedGrowth2011€250M32 assets14 exitsGrowth2011 · 15yr€250M3214
Unrealized
32 held| Company | Entry |
|---|---|
| Aden Business Services · China | 2014 |
| ADIT Business Services · France | 2025 |
| AlliA Financials · Belgium | 2023 |
| Astr'in Business Services · France | 2020 |
| Centrilogic IT Services · Canada | 2018 |
| CeramTec Industrials · Germany | 2022 |
| Cestas Energy · France | 2014 |
| Davies Business Services · UK | 2021 |
| Device Technologies Healthcare · Australia | 2020 |
| DomusVi Healthcare · France | 2021 |
| Dourdin Mobility · France | 2017 |
| Eyecare Healthcare · France | 2020 |
| Fast Pace Healthcare · US | 2018 |
| GES Industrials · France | 2017 |
| Groupe Donora Software · France | 2020 |
| HealthTech BioActives (HTBA) Healthcare · Spain | 2019 |
| Idera Software · US | 2018 |
| KVA Développement holdco Software · France | 2017 |
| Lunettes Pour Tous Consumer · France | 2018 |
| Monte Nido Healthcare · US | 2019 |
| Prevost Healthcare · France | 2023 |
| RLDatix HealthTech · Canada | 2019 |
| Rocamed MedTech · France | 2018 |
| Sarawak Business Services · France | 2023 |
| SCT Telecom Telecom · France | 2016 |
| Serta Industrials · France | 2015 |
| Skolae Education · France | 2022 |
| Skores TMT · France | 2024 |
| Smrd-bat92 Industrials · France | 2019 |
| Swixx Pharma · Switzerland | 2020 |
| Upstream TMT · US | 2020 |
| Vidacura Healthcare · France | 2021 |
Realized
14 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Acquaviva Consumer · Italy | 2018 | 2024 | Trade Sale | Vandemoortele | – |
| Allied Universal Business Services · US | 2016 | 2019 | Secondary | CDPQ + Warburg Pincus + Safra | – |
| Ama Waterways Hospitality · US | 2017 | 2024 | Secondary | L Catterton | – |
| Arkadin TMT · France | 2012 | 2014 | Trade Sale | NTT Communications | – |
| Believe TMT · France | 2007 | 2021 | IPO | Euronext Paris IPO BLV | – |
| Children care – Confidentiel Healthcare · France | 2017 | 2021 | Trade Sale | Confidential | – |
| Delta Service Location Business Services · France | 2015 | 2017 | MBO | Management | – |
| Domidep Healthcare · France | 2017 | 2019 | Secondary | I Squared Capital | – |
| EuroDommages Financials · France | 2018 | 2025 | MBO | Management | – |
| Haudecoeur Consumer · France | 2019 | 2024 | Secondary | Apheon TMC HDC Long Term Value Fund (HarbourVest-led) + LFPI | – |
| Orca Industrials · France | 2015 | 2023 | Trade Sale | Michelin | – |
| Salini Immobilier Real Estate · France | – | 2025 | Secondary | MBO+ and InnovaFonds | – |
| Sogelink IT Services · France | 2013 | 2016 | Secondary | Naxicap Partners | – |
| Woolpert Business Services · US | 2017 | 2021 | Secondary | MSD Partners | – |
About Stags Participations
Stags Participations is a family-office investment holding with capital deployed across 2 active fund vehicles and a founding year of 2019, headquartered in Paris. The platform deploys permanent capital into industrials, healthcare, software, business services and consumer businesses, structured to enable long-holding-period equity partnerships unconstrained by traditional fund duration.
Investment thesis
Stags Participations deploys permanent capital into industrials, healthcare, software, business services and consumer businesses across France and selectively across Europe, with the family-office structure enabling long-holding-period equity partnerships unconstrained by typical fund duration. Investment focus combines majority and significant minority stakes with operational partnership rights, supporting management teams through growth, transmission and selective M&A activity over multi-decade horizons.
Recent activity
Recent realised exits include EuroDommages (financials, 2025). The platform tracks 2 fund vehicles, 30 active portfolio companies and 1 realised exit across the strategy's history.
Frequently asked questions
- What investment strategy does Stags Participations focus on?
- Stags Participations focuses on Growth, Buyout strategies in the private equity space.
- How many portfolio companies does Stags Participations have?
- Stags Participations has 32 active portfolio companies and 14 completed exits and 1 fund tracked on GP Intel.
- Where is Stags Participations headquartered?
- Stags Participations is headquartered in Suresnes, France.
- When was Stags Participations founded?
- Stags Participations was founded in 2011.
- What sectors does Stags Participations invest in?
- Stags Participations invests across Healthcare, Business Services, Industrials, TMT, Consumer, Software.
- What are Stags Participations's recent exits?
- Recent realized exits by Stags Participations include: EuroDommages (2025) to Management; Salini Immobilier (2025) to MBO+ and InnovaFonds; Acquaviva (2024) to Vandemoortele; Ama Waterways (2024) to L Catterton; Haudecoeur (2024) to Apheon TMC HDC Long Term Value Fund (HarbourVest-led) + LFPI; Orca (2023) to Michelin; Believe (2021) to Euronext Paris IPO BLV; Children care – Confidentiel (2021) to Confidential.
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