AXA IM acquires private equity firm CAPZA

Written by Michael Griffiths

09/09/2024

AXA IM has announced the acquisition of CAPZA, increasing its position from majority shareholder to full ownership by 2026.

CAPZA is a private investment platform focused on mid-market corporates across private debt and private equity in EMEA with more than €9bn in assets under management (AuM).

The acquisition provides AXA IM Alts with global expertise in mid-market direct lending, which complements the group’s existing private debt offering, alongside entry into the private equity leveraged buyout market, a growth sector it has identified as of “strategic importance”.

All existing AXA funding commitments to CAPZA funds remain in force and effect, the group confirmed.

Global head of AXA IM Alts, Isabelle Scemama, commented: “Our ability to scale and perform in each of our areas of expertise has positioned AXA IM Alts as a European leader in alternative investments. Adding the entire CAPZA business, a pioneering European private investment platform dedicated to small and mid-cap companies, to AXA IM Alts’ platform is a major milestone.”

CAPZA executive chairman and founder, Christophe Karvelis-Senn, added: “The last decade has been an active phase of growth for our business, bringing our private debt and private equity business line to maturity, thanks to the tremendous work accomplished by CAPZA teams.

“Throughout the years, we have developed a strong shared culture with AXA IM Alts teams and it is now a perfect timing for CAPZA to be joining the AXA IM Alts platform, benefitting from the scale and reach of its infrastructure as the leading European alternative platform to pursue our ambitious growth trajectory.”

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