Adagia Partners
Also known as Adagia Partners SAS, Adagia Capital Europe
Mid-market buyout manager based in Paris and Frankfurt investing in healthcare, business services and tech industries in France, DACH and Benelux; debut programme closed at €1.1bn in 2023.
- HEADQUARTERS
- Paris, France
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 11 people
Focus
- STAGES
- Buyout
- ASSET MIX
- Private equity
- GEOGRAPHY
- FranceGermanySwitzerlandBelgiumNetherlandsLuxembourg
Overview
Adagia Partners is a European mid-market private equity firm with offices in Paris and Frankfurt, eight partners and 19 professionals (home page), led by co-founders Sylvain Berger-Duquene, Nicolas Holzman and Charles-Edouard Bouée. It targets buyouts of companies with enterprise values of €150–600m in France, Germany, Switzerland and Benelux, focusing on healthcare, business services and tech industries, with buy-and-build, international development and technology roll-out as value-creation levers. Its debut fund, Adagia Capital Europe SLP, held a final close in September 2023 for a €1.1bn programme backed by around forty institutional investors.
Investment thesis
Mid-cap buyouts (enterprise value €150–600m) in healthcare, business services and tech industries in France, Germany, Switzerland and Benelux, supporting buy-and-build, international expansion and technology roll-out.
PORTFOLIO (6)
- TechnoflexNOTABLEsince 2024
- Schwind eye-tech solutionsNOTABLEsince 2021
- PatrimOne Groupsince 2026
- AGNIndustrial & Manufacturing · since 2025
- InsperialIndustrial & Manufacturing
- Minlaysince 2022
People
- Sylvain Berger-DuqueneCo-Founder and Managing Partner · source
- Charles-Edouard BouéeCo-Founder and Managing Partner · source
- Nicolas HolzmanCo-Founder and Managing Partner · source
- Katia CarowPartner and COO · source
- Johannes BayerPartner · source
- Xavier BelloirPartner · source
- Alexandre DejoiePartner · source
- Stephanie FrachetPartner · source
- Louis GanserPartner · source
- Aurélie CayetDirector · source
- Cindy ValreauDirector · source
Links
Frequently asked questions
Adagia Partners is a private equity fund based in Paris, France.
Yes. Adagia Partners invests its own capital in private companies.
Adagia Partners invests at Buyout stage in Industrial & Manufacturing and Software & SaaS.
Key people at Adagia Partners include Sylvain Berger-Duquene (Co-Founder and Managing Partner), Charles-Edouard Bouée (Co-Founder and Managing Partner), Nicolas Holzman (Co-Founder and Managing Partner) and Katia Carow (Partner and COO).
Adagia Partners's investments include Technoflex, Schwind eye-tech solutions, PatrimOne Group, AGN, Insperial and Minlay.
The most recent publicly reported investment by Adagia Partners is PatrimOne Group (Buyout (stake alongside management)), announced in Sep 2026.
Yes. Adagia Partners manages capital from outside investors.