What France Actionnaire does

France Actionnaire, commercially known as IDMidCaps and operating under the ID - Investment Data brand within Groupe IRH, is a Paris-based independent financial research firm founded in 2000 that provides proprietary analysis and a 25-year historical database covering nearly 400 French and European Small & MidCaps. The firm is structured as an SAS, is 100% partner-owned, and is regulated as a Conseiller en Investissements Financiers (CIF) by ANACOFI under AMF oversight (ORIAS 13000278) with AMF certification for ESG expertise. Its service portfolio comprises three product lines: IDMidCaps (equity research and buy/sell recommendations), NotaBene Corporate (independent credit research on French PME-ETI, launched 2015), and IDImpact (ESG data consolidation and scoring on 250+ European companies with 230+ indicators, launched 2024).

The firm operates a proprietary data and analytics platform developed internally, covering DCF, comparable multiples, patrimonial, dividend discounting, and sum-of-parts valuation methodologies for the equity franchise, while IDImpact combines manual, automated, and AI-assisted verification on ESG data. It also acts as advisor to several French and European Small & MidCap funds, including NOVA 2 with Amiral Gestion (since 2010), the ID France SMidCaps fund co-created with OFI Invest (since 2011), the IDAM Small Cap France et Europe fund since 2017 (renewed through Auris Gestion's 2024 acquisition), and the France Economie Réelle fund managed by Delta AM (since 2022).

The business model is subscription-based for both IDMidCaps and IDImpact, sold via a direct, contact-driven enterprise sales motion to professional investors, with pricing not publicly disclosed and tailored to client type (fund manager, broker, emitter, wealth advisor). Distribution is supported by content marketing including weekly Conf' Hebdo video analyses and media appearances on BFM Bourse and Zone Bourse, plus a YouTube channel building inbound pipeline. Customer segments span French and European asset managers, brokers, institutional investors, listed SMEs/mid-caps, and wealth management advisors (CGPs), with named clients such as Moneta AM, Amiral Gestion, OFI Invest, Auris Gestion, CM CIC Capital Finance, BPI France, and Degroof Petercam. A small 4-analyst ESG operations team in Tunisia supervises data collection under French oversight.

Name

France Actionnaire

Legal name

France Actionnaire

Website

https://idmidcaps.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

France Actionnaire (IDMidCaps) is a Paris-based, 100% partner-owned independent financial research firm providing proprietary analysis on nearly 400 French and European Small & MidCaps via subscription, serving asset managers, brokers, institutional investors, listed issuers, and wealth advisors, with adjacent ESG (IDImpact) and credit research (NotaBene Corporate) lines.

Ownership category

akta.pro rank

Product category

Equity Research & Financial Data Analytics

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Fee-Based Advisory (FSAEAAAM)

akta.pro secondary industry

Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Independent equity research
• Small cap analysis
• ESG data scoring
• Financial research subscriptions
• Midcap investment research

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. IDMidCaps Subscription Access: Subscription-based access to proprietary financial analysis, forecasts, recommendations, and a database covering nearly 400 Small & MidCaps. Clients include fund managers, brokers, private equity/M&A actors, and emitters.
2. IDImpact ESG Data & Scoring: Subscription or license-based access to ESG consolidation, scoring, and benchmarking tools for European listed companies, targeting responsible investors and companies seeking ESG transparency.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

France Actionnaire (operating as IDMidCaps) sells subscription-based access to a proprietary 25-year database and independent financial research covering nearly 400 French and European Small & MidCaps, including forecasts, recommendations, and valuation analysis for fund managers, brokers, institutional investors, private equity/M&A actors, emitters, and wealth management advisors. It also offers, through IDImpact, ESG data consolidation and scoring across 230+ indicators for 250+ European listed companies.

Product overview

France Actionnaire operates as a unified platform with two core products: IDMidCaps and IDImpact. IDMidCaps is the flagship independent financial analysis product offering proprietary database coverage of approximately 400 French and European Small & MidCaps, providing forecasts, recommendations, and financial data. IDImpact, launched in 2024, extends the offering with ESG data consolidation and scoring capabilities for European listed companies using over 230 indicators. Both products are supported by a proprietary platform developed internally, with NotaBene Corporate providing specialized credit research services for French SMEs/ETIs since 2015.

Differentiator

Problem solved

Functional benefit

Brands

• IDImpact: ESG data consolidation and scoring platform for European companies, providing over 230 ESG indicators for analyzing and scoring European listed companies.
• NotaBene Corporate

Products and services

• IDMidCaps Subscription-based independent equity research and proprietary database covering nearly 400 French and European Small & MidCaps, providing forecasts, recommendations, valuation models (DCF, comparables, patrimonial, dividend discounting, sum-of-parts), and 25-year historical data for fund managers, brokers, private equity and M&A professionals, emitters, and wealth management advisors.
• IDImpact Subscription-based ESG data consolidation and scoring platform covering 250+ European listed companies with 230+ indicators structured around Environmental, Social, and Governance pillars, combining manual checks, automated controls, and AI-powered verification sourced from audited annual reports.
• NotaBene Corporate Independent credit research and analysis services for French SMEs/ETIs, acting as independent expert for NOVO funds and advisor to the France Economie Réelle fund managed by Delta AM.

Quantifiable outcome

• +23 points of outperformance vs CAC Mid & Small since 2023 for the IDMidCaps buy list
• +2 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Groupe IRHcoreOthers · 1 January 2024France Actionnaire (IDMidCaps) is part of the Groupe IRH holding company, providing organizational and strategic infrastructure support. ID Investment Data is an entity of Groupe IRH.
• Degroof PetercamcoreStrategic or Co-development Partner · 1 January 2022Degroof Petercam, a leading Belgian private bank, relies on IDMidCaps to provide its clients with expertise on the French Small & MidCaps market. This partnership extends IDMidCaps' reach to Belgian institutional clients.
• Auris Gestion (formerly IDAM)coreStrategic or Co-development Partner · 1 January 2017IDMidCaps serves as advisor to the IDAM Small Cap France et Europe fund, later acquired by Auris Gestion in 2024, with IDMidCaps confirmed in its advisory role post-acquisition.
• NotaBene Corporate / Delta AMminorStrategic or Co-development Partner · 1 January 2015NotaBene Corporate, an independent credit research and analysis firm launched by ID Investment Data, serves as an independent expert for the NOVO funds. Since 2022, it has also served as advisor to the France Economie Réelle fund managed by Delta AM.
• OFI InvestcoreStrategic or Co-development Partner · 1 January 2011IDMidCaps co-created the ID France SMidCaps fund with OFI Invest, serving as the fund's advisor. This was a founding partnership that established IDMidCaps' position in the fund management ecosystem.
• Amiral GestioncoreStrategic or Co-development Partner · 1 January 2010IDMidCaps was selected as advisor to the NOVA 2 fund managed by Amiral Gestion. This mandate was renewed and expanded over the years.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• MSCI ESG Research: Large-scale ESG data, ratings, and analytics provider; the system-of-record incumbent that IDImpact is positioning to displace for European small-cap ESG coverage.
• Sustainalytics: Global ESG and corporate governance research firm owned by Morningstar; competing with IDImpact for ESG budget within the same European asset-manager client set.
• Vigeo Eiris (Moody's ESG Solutions): European-headquartered ESG rating and data provider now part of Moody's; closest large-scale incumbent on the IDImpact side, with broad European listed-company coverage and institutional distribution.
• FactSet: Global financial data and analytics platform whose ESG and fundamentals offering competes with the broader IDMidCaps/IDImpact data proposition in institutional budgets.

Direct peers

• Invest Securities: Independent research and brokerage firm focused on French and European Small & Mid Caps, serving institutional and corporate clients with research, equity research, and IPO/Euronext Growth coverage.
• AlphaValue: Paris-headquartered independent equity research firm specializing in European Small & Mid Caps; uses proprietary valuation models and subscription-based research, the closest functional twin to IDMidCaps in the French market.
• Kepler Cheuvreux: Large European broker producing independent equity research with strong Small & Mid Cap coverage across France, Germany, Italy, and Iberia — the broker-led incumbent whose unbundling-driven fragility France Actionnaire is positioned to exploit.
• CM-CIC Market Solutions: Brokerage arm of Crédit Mutuel group covering French mid-caps and equities research — comparable distribution model on the institutional side and a named client of IDMidCaps.
• Portzamparc: French broker specialized in Small & Mid Caps research and equity brokerage; competes for institutional research and IR coverage of the same issuer universe that IDMidCaps serves.
• Euroland Corporate: Independent research firm covering European listed SMEs/ETIs with a subscription model — overlapping customer base with France Actionnaire and a similar IR advisory offering to issuers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/idmidcaps
• YouTubeyoutube.com/@IDMidCaps
• LinkedInlinkedin.com/company/idmidcaps

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 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 France Actionnaire