Idinvest Partners

Idinvest started in 1997 as AGF Private Equity, the venture capital and private debt arm of French insurer Allianz France. It spun out as a fully independent partnership in 2010, rebranding as Idinvest Partners. The insurance balance-sheet origin gave the firm a permanent-capital foundation unusual among peer European private equity managers.

Eurazeo agreed to acquire a majority stake in Idinvest Partners in 2017 and completed the transaction in early 2018. Idinvest now operates as a subsidiary brand within Eurazeo's investment platform, retaining its own investment teams, strategies, and fund vehicles while leveraging Eurazeo's listed-entity balance sheet and distribution capabilities.

Idinvest manages four principal strategies: growth capital for European technology companies, mid-market private equity buyouts, private debt and mezzanine financing, and venture capital. The private debt arm focuses on unitranche and senior lending to sponsor-backed mid-market transactions across Western Europe.

The growth equity portfolio has included European technology companies such as Deezer (music streaming), Talend (data integration, later Nasdaq-listed), and ManoMano (home improvement marketplace). The firm's private equity buyout team has invested in French and German mid-market industrial and services businesses.

Idinvest concentrates on pan-European mid-market investments, with the majority of deal activity in France, Germany, and the Benelux region. The firm sources deals from its Paris headquarters and invests across developed European economies, occasionally participating in transactions in neighboring markets.

Yes. Idinvest raised primary fund vehicles from European institutional investors including pension funds, insurance companies, and sovereign wealth funds throughout its independent era. Post-acquisition, the firm continues to manage third-party commitments through its legacy funds and may co-invest alongside Eurazeo's balance sheet in new transactions.

CEO Christophe Bavière and Managing Partner Benoist Grossmann led the firm from its institutional origins through its spinout and subsequent acquisition. Both continue to oversee investment strategy within the Eurazeo platform, with deal decisions made by the dedicated Idinvest investment team under their direction.