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Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 24 SOURCES

Indigo Capital

Also known as Indigo Capital SAS, INDIGO CAPITAL

Independent Paris/Lyon manager (AMF GP-12000015) providing mainly bond-based flexible capital (mezzanine, some equity) of €7M–€40M to European lower mid-cap SMEs for MBOs and growth.

French lower mid-cap mezzanine manager (Paris/Lyon); not to be confused with other firms named Indigo Capital or Indigo Capital Partners.

HEADQUARTERS
Paris, France
FOUNDED
2011
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
9 people

Focus

STAGES
GrowthBuyout
SECTORS
Consumer & E-commerceFood & AgricultureIndustrial & ManufacturingHealthTechSoftware & SaaS
ASSET MIX
Private creditPrivate equity
GEOGRAPHY
FranceEurope

Overview

Indigo Capital is an independent portfolio management company with offices in Paris and Lyon. It funds entrepreneurs, management teams and families who want to take or keep control of their company (MBOs, family successions, fund exits) or finance transformative growth, investing €7M–€40M per deal mainly through bond instruments and to a lesser extent equity. Its funds benefit from EU support under InvestEU.

Investment thesis

Lower mid-cap European SMEs: flexible, mostly bond-based capital (repayable at any time) and some equity alongside entrepreneurs, managers and families, often without a PE sponsor, for MBOs, generational transfers, capital reorganisations and organic or acquisition-led growth; light governance via a strategic committee; €7M–€40M per deal.

PORTFOLIO (16)

  • VertbaudetNOTABLE
    Consumer & E-commerce · since 2021
  • Burger King FranceNOTABLE
    Food & Agriculture · since 2016 · Exited
  • VivaSon
    HealthTech · since 2026
  • Emosia
    Consumer & E-commerce · since 2026
  • La Famille
    Food & Agriculture · since 2025
  • Heytens
    Consumer & E-commerce · since 2025
  • Cheef
    Food & Agriculture · since 2025
  • Univers Santé
    HealthTech · since 2024
  • HPS
    Industrial & Manufacturing · since 2024
  • Visionnaire
    since 2024
  • Delville
    since 2024
  • ACS Solutions
    since 2023
  • NutriMuscle
    Consumer & E-commerce · since 2022
  • ChocMod
    Food & Agriculture · since 2021
  • Châteauform’
    since 2016 · Exited
  • Fime
    Software & SaaS · since 2016 · Exited

People

  • Monique Deloire
    Founding partner, Managing Partner · source
  • Laurent Warlop
    Managing Partner & COO · source
  • Jean-Baptiste Lassaigne
    Managing Partner · source
  • Laurent Arbona de Soler
    Managing Partner · source
  • Stanley de Butler
    Partner · source
  • Magali Colli
    Directrice Administrative et Financière · source
  • Juliette Carretero
    Investment Manager · source
  • Thomas Robiolle
    Investment Manager · source
  • Erwan Benavent
    Investment Manager · source

Links

Frequently asked questions

Indigo Capital is a private equity fund based in Paris, France, founded in 2011.

Yes. Indigo Capital invests its own capital in private companies.

Indigo Capital invests at Growth and Buyout stages in Consumer & E-commerce, Food & Agriculture, Industrial & Manufacturing, HealthTech and Software & SaaS.

Indigo Capital's stated ticket size is €7M–€40M.

Key people at Indigo Capital include Monique Deloire (Founding partner, Managing Partner), Laurent Warlop (Managing Partner & COO), Jean-Baptiste Lassaigne (Managing Partner) and Laurent Arbona de Soler (Managing Partner).

Indigo Capital's investments include Vertbaudet, Burger King France, VivaSon, Emosia, La Famille, Heytens, Cheef and Univers Santé, among others.

The most recent publicly reported investment by Indigo Capital is VivaSon (Minority financing of shareholder reorganisation (Clariane exit; president rises above 80%)), announced in May 2026.

Yes. Indigo Capital manages capital from outside investors.