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Year Founded: 1972

AUM: $5.4B | Dry Powder: $1.6B

1 rue Paul Cézanne Pedestrian path 75008 Paris France

Seven2 is a private equity investment firm based in Paris, France. The firm prefers to invest in business products, business services, consumer products, consumer services, healthcare, information technology, financial services sectors in Europe. The firm was previously known as Apax Partners.

Key Contacts

  • Bertrand Pivin
    Managing Partner
  • Marc Benatar
    Partner
  • Henry Capelle
    Partner

Investment Preferences

  • Preferred Industries
    Apparel and Accessories, Communications and Networking, Containers and Packaging, Healthcare Services, Insurance, Media, Other Business Products and Services, Other Consumer Products and Services
  • Geographical Preference
    Europe
  • Preferred Deal Types
    Buyout/LBO, Carveout, PE Growth/Expansion, Public to Private
  • Other Investment Preferences
    Long-Term Investor, Prefers majority stake, Prefers minority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Apax MidMarket X
Vintage: 2020

Size: $1.9B

Dry Powder: $1.5B 

Details: The fund targets investments in the healthcare, TMT, consumer product and service sectors

Apax Development Fund
Vintage: 2019

Size: $282.6M

Dry Powder: $92.7M

Details: The fund targets investments in the media, healthcare and IT sectors in France

Apax France IX
Vintage: 2016

Size: $1.1B

Dry Powder: $38.6M/p>

Details: The fund focuses on LBO and growth capital investments in mid-size companies in France

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In February 2023, Apax Partners acquired Porsolt, an operator of a preclinical contract research organisation. The investment will help Porsolt grow further and implement its strategy to become a comprehensive preclinical service company, addressing the varying therapeutical areas of the global pharma, biotech, and research communities.

In September 2022, Apax Partners, via its Apax Development fund, acquired a majority stake in Mailinblack. The investment will allow Mailinblack to diversify its product offering by developing, establishing partnerships, or acquiring solutions. Mailinblack is a software company that makes cybersecurity solutions accessible to all organisations.

In July 2022, Pandat Finance entered into a definitive agreement to secure an undisclosed amount of development capital from Apax Partners and Apax Partners (France). Pandat Finance is a provider of financial consulting services intended to have access to the remuneration on long-term cash investment products.

In July 2022, Groupe Crystal acquired Zenith Capital, via its financial sponsors Altamir, Apax Partners, and OFI Asset Management, for an undisclosed sum. Zenith Capital is a provider of independent advisory services catering to institutions, wealth management advisers, and corporate treasuries.

In July 2022, Apax signed an agreement with Eurazeo to acquire a majority stake in Vitaprotech for an undisclosed amount. Vitaprotech provides intrusion detection, access control and security, and cloud video surveillance solutions.

In May 2022, Dstny acquired Tactful AI via its financial sponsors Apax Partners and Altamir, for an undisclosed amount. The acquisition will extend the Dstny’s products portfolio and help companies enhance customer engagement across modern digital and traditional voice channels. Tactful AI is a technology start-up based in the UK and Egypt that provides a cutting-edge intelligent customer experience platform .

In March 2022, Apax Partners, Societe Generale Capital Partners, and BNP Paribas Development acquired Compagnie Entreprise Mécanique Electrique, an electrical engineering and maintenance services provider, for an undisclosed amount.

In March 2022, Destiny acquired Call2Teams via its financial sponsors Apax Partners and Altamir, through an LBO for an undisclosed amount. Call2Teams is a subsidiary of QDOS SBL and provider of an online platform to offer unified data and voice communications services.

In January 2022, Meridix Systems, an operator of web-based analytics and reporting platforms was acquired by Destiny, via its financial sponsors Apax Partners and Altamir, through an LBO for an undisclosed amount.

Other Details

Seven2 invests in high-potential companies, SMEs, and SMIs, listed or unlisted, across four activity sectors in France and continental Europe. Investments are targeted towards small and midcap companies, both listed and unlisted, with enterprise values ranging from €10 million to €1 billion. Seven2 typically operates on a five-year investment horizon which may vary depending on specific business plans and value-creation objectives.

Its most recent open fund, Apax Private Equity Opportunities was created in November 2020 and is dedicated to life insurance contracts and capitalization contracts. APEO is a mutual risk investment fund (FCPR), open and evergreen (lifespan of 99 years) accessible in life insurance contracts via unit-linked units as soon as it is referenced and offered by the insurance company.

3i Group, AGF Investments, AlpInvest Partners, Altamir, Bpifrance, Capio, Destiny, Expereo International, Galileo International, Graitec Group, Goldman Sachs Asset Management, HealthCap Partners, Information Venture Partners, J.P. Morgan, Lion Capital, Nordic Capital, Omnes Capital, Qualium Investissement, SG AM Alternative Investments, Tang Capital Partners, Zeres Capital are some of the co-investors who invest alongside Apax Partners.

Source: Pitchbook, Company Website, Press Release