Azulis Capital
Paris private equity manager investing €15–50m as majority or minority shareholder in French SMEs and mid-caps valued at €20–200m; €1.3bn raised since inception.
- HEADQUARTERS
- Paris, France
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 10 people
Focus
- STAGES
- GrowthBuyout
- ASSET MIX
- Private equity
- GEOGRAPHY
- France
Overview
Azulis Capital is a Paris-based private equity management company that has been active for more than 20 years in the French SME and mid-cap segment. It provides equity for buyouts and growth, as majority or minority investor, in companies with enterprise values of €20–200m, with tickets of €15–50m, focusing on healthcare and personal services, business services, food and industry. It reports €1.3bn raised since inception and more than 130 companies backed; its current funds are MMF 4, MMF 5 and MMF 6.
Investment thesis
Primary management buyouts, buy-and-build to create national or European sector leaders, and transformation of business models in French SMEs and mid-caps (EV €20–200m), with limited leverage and employee participation in value creation.
PORTFOLIO (12)
- WichardNOTABLEIndustrial & Manufacturing · since 2023
- OrsysNOTABLEEducation · since 2021
- CeetadelMedia & Entertainment · since 2026
- Mews Partnerssince 2026
- HJD Process & Vegetal TechnoFood & Agriculture · since 2025
- AcensiSoftware & SaaS · since 2025
- Nercosince 2024
- Advans Groupsince 2023
- EuradifIndustrial & Manufacturing · since 2022
- Destiasince 2021
- Fidel FillaudFood & Agriculture · since 2021
- La Phocéenne de CosmétiqueConsumer & E-commerce · since 2021
People
- Pierre JourdainChairman of the Management Board (Président du Directoire), Managing Partner · source
- Nicolas CossonManaging Partner (Associé Gérant) · source
- Bruno LavolléManaging Partner (Associé Gérant) · source
- Raphaël BazinDirecteur associé · source
- Caroline ChemelDirectrice associée · source
- Astrid CloarecDirectrice associée · source
- Julien HessDirecteur associé · source
- Alban TanakaInvestment Director · source
- Malo MercyDirecteur de Participations · source
- Donatien NoyelleSecrétaire Général · source
Links
Frequently asked questions
Azulis Capital is a private equity fund based in Paris, France.
Yes. Azulis Capital invests its own capital in private companies.
Azulis Capital invests at Growth and Buyout stages in Food & Agriculture, Industrial & Manufacturing and Consumer & E-commerce.
Azulis Capital's stated ticket size is €15M–€50M.
Key people at Azulis Capital include Pierre Jourdain (Chairman of the Management Board (Président du Directoire), Managing Partner), Nicolas Cosson (Managing Partner (Associé Gérant)), Bruno Lavollé (Managing Partner (Associé Gérant)) and Raphaël Bazin (Directeur associé).
Azulis Capital's investments include Wichard, Orsys, Ceetadel, Mews Partners, HJD Process & Vegetal Techno, Acensi, Nerco and Advans Group, among others.
The most recent publicly reported investment by Azulis Capital is Ceetadel (Minority reference-shareholder investment (MMF 6)), announced in Sep 2026.
Yes. Azulis Capital manages capital from outside investors.