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Year Founded: 1996

AUM: $141.00B | Dry Powder: $47.05B

20 Place Vendôme, 75001 Paris, France

Ardian is a private equity firm based in Paris, France. The firm prefers to invest in the technology, media, aerospace, defense, healthcare, building material, consumer good and service sectors. The aim is to generate sustainable, long-term returns for the clients alongside a positive social impact that benefits all the stakeholders and society

Key Contacts

  • Thierry Denoyel
    Managing Director & Chief Operating Officer – Infrastructure
  • Philippe Poletti
    CEO of Ardian France and Head of the Buyout
  • Jérémie Delecourt
    Chief Operating Officer & Executive Committee Member

Investment Preferences

  • Preferred Industries
    Energy Equipment, Energy Services, Forestry, Healthcare Services, Other Energy, Other Financial Services, Insurance, IT Services, Transportation, Agriculture etc.
  • Geographical Preference
    Europe & US
  • Preferred Deal Types
    Buyout/LBO, Debt – General, Mezzanine, PE Growth/Expansion
  • Other Investment Preferences
    • Long-Term Investor
    • Prefers majority stake
    • Prefers minority stake
    • Seeks Impact investments

Investments By Year

Source: Pitchbook

Funds Closed

Americas Infrastructure Fund V
Vintage: 2022

Size: $2.10B

Dry Powder: $2.01B

DetailsThe fund focuses on energy, telecommunications, transportation, and asset classes

Ardian Infrastructure Fund V
Vintage: 2019

Size: $6.91B

Dry Powder: $3.90B

Details: The fund focuses on transport, energy and other public infra-assets

Ardian Co-Investment Fund V
Vintage: 2019

Size: $2.85B

Dry Powder: $435.2M

Details: The fund targets investments in the other energy, production, infrastructure, industrial, clean tech and TMT sectors

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In October 2022, Ardian acquired a 75% stake in GreenYellow. The transaction valued the company at €1.4 billion. Ardian holds a majority stake in GreenYellow’s capital, while the three historical shareholders, Groupe Casino, Tikehau and Bpifrance, still retain a share in the company. GreenYellow provides access to low-cost green energy and helps companies optimize their energy consumption 

In July 2022, Ardian Infrastructure through its renewable energy fund Ardian Clean Energy Evergreen Fund  completed the acquisition of 3 solar PV projects with a combined capacity of 100MW under development from Atlas and Heron Advisory in Sardinia, Italy

In June 2022, Ardian and A2A signed a non-binding term sheet for a partnership to accelerate energy transition. A2A will contribute full ownership or majority stakes in a portfolio of assets including energy generation assets (hydro, CCGTs, wind and solar plants), supply business, energy management storage assets as well as hydrogen projects and Ardian Infrastructure, will invest up to €1.5 billion in equity in this new entity, accelerating the roll-out and financing the 3GW+ plan in renewable generation outlined by A2A

In June 2022, Ardian and HitecVision acquired 4.6% stake in Eni. HitecVision will improve its relationship with Eni by creating an international offshore wind player in line with its strategy of building companies to support the transition to net zero

In May 2022, Ardian acquired 286MW Andberg wind farm from OX2 in Sweden. OX2 will remain responsible for the technical and commercial management of the wind farm. OX2 develops, constructs, and sells onshore and offshore windfarms and solar PV farms. OX2 currently has 1,352MW of new wind power capacity under construction and a total of 3.2GW wind farms in technical and commercial management

In October 2021, Ardian and FiveT Hydrogen launched Hy24,clean hydrogen infrastructure investment platform. Hy24 is targeting €1.5 billion for its first fund, €800 million already been committed by a leading group of industrial and financial investors active in clean hydrogen

In March 2021, French renewable energy producer Kallista Energy, owned by Ardian, acquired a 40% stake in the 102MW Wind park, Krammer facility in the southwest of the Netherlands. The 34 Enercon E-115 wind turbines generate 365GWh of electricity annually, of which 95% is being sold to a tie-up between Google, Dutch health technology major Koninklijke Philips and chemicals producer Nouryon

In January 2021, Ardian acquired 100% stake in a Finland-based utility called Nevel for €656 million. It is a district heating and industrial energy solution company, generating 1.6TWh of energy annually. With the acquisition of Navel, Ardian’s Nordic asset base would come to a size of 1.8GW of installed heat and power capacity. Nevel owns and operates more than 150 heat and power plants and over 40 district heating networks across Finland, Sweden and Estonia

Other Details

Ardian is an investment firm that prefers to invest in the technology, media, aerospace, defense, healthcare, building material, consumer good and service sectors. The firm has $141 billion of assets under management. The firm operates from 15 offices across the globe. It employs c.1,000 employees including more than 300 investment professionals

The firm’s latest open fund is Ardian SAS Fund, an infrastructure core fund managed by Ardian. The fund is located in Paris, France. The fund targets investments in the energy and infrastructure sectors. The fund’s target size is $2.38 billion

123 Investment Managers, 21 Invest, 2i Aeroporti, 3i Group, 3i Infrastructure, AAC Capital, Abenex, ACA Group, Acino, Acteon Group, Activa Capital, Acto Mezzanine, ADA Cosmetics, Adamo Telecom, Advent International, Affirma Capital, AlpInvest Partners are some of the institutional investors in Ardian’s funds

Source: Private Equity International, SP Global, Renewables Now, Reuters, Company Website, PV Magazine, PR Newswire, SparkSpread