Milestone Investisseurs

Investment decisions are controlled by the two managing partners, Erick Rinner and Olivier Antomarchi, who together own the firm. They are supported by a team of seven investment professionals and a network of operating partners with more than 55 years of combined experience, as stated on the firm's website.

Milestone Investisseurs operates as an independent, regulated asset manager based in Luxembourg and supervised by the CSSF. The firm invests its own capital and that of a group of institutional and family investors, not a single family's wealth. Its managers are the sole owners of the management company.

Milestone focuses on founder- and family-owned small and mid-cap companies in French-speaking Switzerland, France, Belgium, and Luxembourg. The firm's sourcing model relies on direct engagement with management teams and a network of experienced independent directors and entrepreneurs, rather than broad auctions, according to its own disclosures.

Milestone Investisseurs only executes direct majority-control deals. The firm does not make fund commitments or minority growth investments. Each transaction is capitalized through a dedicated single-deal fund structure rather than a blind-pool commingled fund.

The firm targets buyouts, management buy-ins, divestitures, spin-offs, and carve-outs in small and medium-sized enterprises with enterprise values of €30M to €300M. It invests €5M to €50M in equity per transaction and requires targets to have a minimum EBITDA of €5M.

Milestone is a generalist but expresses particular expertise and interest in healthcare (services and manufacturing), business services, branded consumer goods, specialty distribution, personal services, energy/environment, information technology, and niche or advanced industrial sectors, per the firm's own investment-strategy page.

Milestone takes majority positions and structures each deal as a standalone fund for its own group of international institutional and family backers. The firm does not describe a practice of participating as a minority co-investor alongside unrelated general partners.