IdiCo

What IdiCo does

IdiCo is a Paris-based private equity and private debt management company (Société de Gestion) regulated by the Autorité des Marchés Financiers (AMF registration GP-20230007) and structured as a simplified joint-stock company (SAS) with registered capital of €10.9M. It operates as a third-party management subsidiary of IDI, formed in March 2023 from the carve-out of Omnes' private equity activities, and manages approximately €1.0 billion in assets across 29-32 portfolio companies. IdiCo organizes its investment activity around three strategies: Lower-Mid Cap equity (European ETIs in Healthcare, B2B Services and Technology with enterprise values of €40-120M), Small Cap equity (French SMEs in B2B Services, Software and Industrial with EVs up to €40M, supporting MBO/MBI/OBO transactions), and Private Debt (sponsorless, mezzanine and unitranche financing for French SMEs and ETIs with EVs of €10-250M).

The firm invests through multiple specialized fund vehicles, including idiCo Expansion 4 (Small Cap), idiCo Mezzanis 3, idiCo Croissance 5, LCL PME Expansion 3 (in partnership with LCL), the €50M idiCo-Spherea GP-Led continuation fund launched in December 2025, and the €65M idiCo Forteresse 1 fund launched in June 2026 to back SMEs in the French defense and sovereignty sectors. IdiCo integrates ESG criteria systematically across the investment lifecycle through an annual portfolio ESG questionnaire, fossil-fuel exclusion policies, and Société à Mission status (achieved July 2024), with several funds classified under SFDR Article 8.

IdiCo generates revenue primarily through management fees on assets under management across its fund strategies, supplemented by carried interest / performance fees on realizations (including exits such as Basilique Hospitality, Aero Negoce International, RGF Group, and EIF Group over 2024-2025). Distribution to institutional investors is conducted through a dedicated investor relations function (led by Alexandra Abergel), direct LP relationships (notably with Bpifrance), and a secure IntraLinks investor portal. The company is headquartered at 23-25 avenue Franklin Delano Roosevelt, 75008 Paris, and operates with 11-50 employees led by CEO Benjamin Arm and Chairman Julien Bentz.

Name

IdiCo

Legal name

IdiCo SAS

Website

https://idico.fr

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

IdiCo is a Paris-based, AMF-regulated private equity and private debt manager (subsidiary of IDI) providing equity and bond financing to French SMEs and mid-caps across three strategies — Lower-Mid Cap, Small Cap, and Private Debt — managing approximately €1 billion in AUM.

Ownership category

akta.pro rank

Product category

Private Equity and Private Debt Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

M&A Advisory (Buy-side/Sell-side) (BPAHADAC)

akta.pro secondary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Private equity management
• Private debt financing
• Growth capital investment
• Leveraged buyout transactions
• SME and mid-cap investing

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: IdiCo generates revenue through management fees charged on assets under management across its fund strategies (Lower-Mid Cap, Small Cap, and Private Debt). The company manages €1.0 billion in assets across 32 portfolio investments.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

IdiCo is an AMF-regulated private equity and private debt management company (Société de Gestion) that invests in French SMEs and mid-caps (ETIs) through three strategies: Lower-Mid Cap equity for European mid-caps (Healthcare, B2B Services, Tech), Small Cap equity for French SMEs (B2B Services, Software, Industrial) via growth capital and LBO/MBO/MBI/OBO transactions, and Private Debt providing mezzanine, unitranche, and sponsorless bond financing. The firm manages €1.0 billion in assets across 32 portfolio investments and supports entrepreneurs through minority and majority participations, restructurings, ownership transitions, and ESG-integrated value creation.

Product overview

IdiCo is a French private equity and private debt management company (Société de Gestion) offering three core investment strategies: Lower-Mid Cap (supporting European mid-sized enterprises in growth and restructuring), Small Cap (investing in French SMEs for growth capital or buyout operations), and Private Debt (providing flexible bond and equity financing solutions). The company manages multiple specialized funds including idiCo Expansion 4 (Small Cap), idiCo Mezzanis 3 (Private Debt), idiCo Croissance 5, and the recently launched idiCo Forteresse 1 (defense and sovereignty sectors). IdiCo operates as a third-party management subsidiary of IDI, managing €1 billion in assets across 32 portfolio investments with a systematic ESG integration approach. The firm does not offer a technology product but rather financial investment services.

Differentiator

Problem solved

Functional benefit

Products and services

• Lower-Mid Cap Equity investment strategy supporting European mid-sized enterprises (ETIs) with enterprise values between €40m and €120m in their restructuring and international growth strategies (organic and external), via minority or majority stakes. Primarily focused on Healthcare, B2B Services, and Technology sectors.
• Small Cap Equity investment in French SMEs with enterprise values up to €40m for growth capital or buyout operations (MBI, MBO, OBO) through minority or majority stakes, primarily in B2B Services, Software, and Industrial sectors.
• Private Debt Tailored and flexible bond and equity financing solutions (sponsorless, sponsored mezzanine, and unitranche) for French SMEs and mid-caps seeking support for buyout or expansion operations, focused on Industry and B2B Services sectors.
• idiCo Forteresse 1 Fund focused on strategic SMEs in the defense and sovereignty sectors, with first closing of €65 million in June 2026.
• idiCo Expansion 4 Small Cap fund for investments in French SMEs in B2B Services, Software, and Industrial sectors.
• idiCo – Spherea GP Led €50 million continuation fund launched December 2025 to support a new phase of Spherea's strategic expansion.
• idiCo Mezzanis 3 Private debt fund (sustainable finance product) promoting environmental or social characteristics per SFDR, focused on mezzanine financing.
• idiCo Croissance 5 Private investors fund (sustainable finance product) promoting environmental or social characteristics per SFDR, supporting French SME growth capital.
• LCL PME Expansion 3 Fund promoting environmental or social characteristics per SFDR, in partnership with LCL bank.

Quantifiable outcome

• 10% Gross IRR and 1.3x Gross Multiple achieved in Private Debt strategy
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Principles for Responsible Investment (PRI)coreOthersIdiCo is a signatory to the UN PRI, demonstrating commitment to responsible investment practices and ESG integration in investment decisions.
• France InvestcoreOthersSignatory to France Invest's Gender Diversity Charter, demonstrating commitment to gender equality in portfolio companies.
• International Climate InitiativecoreOthersSignatory to the International Climate Initiative, committing to climate-related investment considerations.
• Apprentis d'Auteuil - La ToulineminorOthersPartnership with innovative program helping young adults transitioning out of child welfare system to achieve successful social and professional integration.
• Nouvelle ÉtoileminorOthersAssociation dedicated to early childhood development supporting young people facing vulnerable circumstances in their journey toward social and professional integration.
• HandiLabminorOthersInitiative dedicated to inclusion of people with disabilities, offering tailored training and workshops to support professional integration.

Scale indicators12 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Bpifrance Investissement: France's public investment bank investing directly in SMEs and mid-caps via equity and quasi-equity. Highly comparable target market and deal-size focus to IdiCo, and an active co-investment partner with IdiCo in several portfolio companies.
• Omnes Capital: Direct predecessor entity from which IdiCo was carved out in 2023. Operates in adjacent French PE/venture/infrastructure, with overlapping SME/mid-cap investment DNA, making it the closest peer in terms of heritage and investment style.
• Capza (formerly Capsum): Paris-based private equity firm investing in French and European SMEs and mid-caps across multiple strategies (development capital, mezzanine, private debt). Direct competitor in IdiCo's three core segments with similar ticket sizes.
• Idinvest Partners (Eurazeo Private Debt): Now part of Eurazeo, Idinvest is a major French mid-market PE and private debt player. Directly comparable across IdiCo's Lower-Mid Cap, Small Cap, and Private Debt strategies, with deeper AUM but similar French/European mid-market focus.
• Montefiore Investment: Paris-based PE firm specialised in French SMEs and mid-caps in services, retail, and luxury. Overlapping deal-size band (€30-200M EV) and French SME/mid-cap investment thesis with IdiCo's Lower-Mid Cap and Small Cap strategies.
• Turenne Capital: Independent French mid-market PE firm investing in SMEs and ETIs via LBO, growth capital, and private debt. Directly comparable target market, deal-size band, and multi-strategy structure to IdiCo.

Broad incumbents

• Ardian: One of Europe's largest private investment houses with significant mid-market buyout, private debt, and growth activities. Comparable in French and European mid-market PE/debt strategy, though materially larger and broader in scope than IdiCo.
• Eurazeo: Major French-listed PE house with diversified strategies including mid-market buyouts, private debt (Idinvest), and growth. Comparable investment universe but at materially greater scale and with broader sector reach than IdiCo.
• Amundi Private Equity: Private equity arm of Amundi (one of Europe's largest asset managers) offering primary PE, secondary, and private debt funds targeting European mid-market. Comparable investor base and strategy breadth, though with far greater AUM.

Regional players

• Cathay Capital: European-Asian PE firm with French mid-market activity. Comparable mid-cap investment thesis in France and Europe, but with additional China cross-border deal flow that differentiates it from IdiCo's purely domestic focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/omnes-capital

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IdiCo