# CAPZA invest

> CAPZA is a European private investment platform, founded in 2004, providing private-equity and private-credit financing to small and mid-cap companies; it is now part of BNP Paribas Asset Management Alts and operates across five European offices.

Company page on Leadbay: https://mad-max.leadbay.ai/company/capza.co · loaded 2026-10-31

## At a glance

- Website: https://capza.co
- Team based in: Paris (Leadbay's record and 2 more)
- Incorporated: Paris, France (register)
- Registry: SIREN 877 851 287
- Founded: 2004 (capza.co and 2 more)
- Industry: Financial Services
- Employees: 100 (employees and founders, investors not counted; training-you.fr; Sources disagree: 156 (capza.co, a company database))
- Backed by: AXA IM Alts
- Seen in its site's code: DocuSign (TXT docusign=) (read 2026-10-31)
- Phone: 01 42 60 38 05
- Address: 103 RUE DE GRENELLE, 75007, PARIS, fr

## What it sells, to whom

- CAPZA is a European private investment platform, founded in 2004, providing private-equity and private-credit financing to small and mid-cap companies; it is now part of BNP Paribas Asset Management Alts and operates across five European offices. ([capza.co](https://capza.co/who-we-are/), [capza.co](https://capza.co/fr/), [capza.co](https://capza.co/news/capza-is-thrilled-to-announce-its-full-acquisition-by-axa-im-alts/))

## Why it stands out

- Private Debt Investor (PDI) Lower Mid-Market Lender of the Year in Europe, 2022 awards (announced 2023). ([capza.co](https://capza.co/news/), [linkedin.com](https://www.linkedin.com/posts/capza_real-deals-sustainability-awards-2025-activity-7360610981191778307-UdHX))
- Shortlisted for the Real Deals Sustainable Investment Awards 2025: PE House of the Year—Mid-Cap and Lender of the Year—Alternative. ([capza.co](https://capza.co/news/), [linkedin.com](https://www.linkedin.com/posts/capza_real-deals-sustainability-awards-2025-activity-7360610981191778307-UdHX))
- Competes with: Bridgepoint, Tikehau Capital, Eurazeo, Ardian, Andera Partners, Intermediate Capital Group (ICG), IK Partners, CVC Credit, Sagard ([akta.pro](https://akta.pro/company-profiles/00004o1/capza))

## Products and services

- **Flex Equity**: equity and hybrid/mezzanine financing for SMEs and mid-caps. ([capza.co](https://capza.co/who-we-are/), [capza.co](https://capza.co/fr/), [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/))
- **Flex Equity Mid-Market**: private-equity and hybrid capital for larger mid-market businesses. ([capza.co](https://capza.co/who-we-are/), [capza.co](https://capza.co/fr/), [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/))
- **Growth Tech**: growth equity for technology companies. ([capza.co](https://capza.co/who-we-are/), [capza.co](https://capza.co/fr/), [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/))
- **Transition**: balance-sheet and transformation financing for companies in transition. ([capza.co](https://capza.co/who-we-are/), [capza.co](https://capza.co/fr/), [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/))
- **Private Debt**: unitranche, subordinated debt and other direct-lending solutions. ([capza.co](https://capza.co/who-we-are/), [capza.co](https://capza.co/fr/), [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/))
- **Artemid Senior Loans**: senior-debt financing, typically five- to eight-year bullet loans for European corporates. ([capza.co](https://capza.co/who-we-are/), [capza.co](https://capza.co/fr/), [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/))

## Customers and markets

- **Customers**: CAPZA’s customers are primarily European SMEs and mid-caps, institutional investors, private-equity sponsors and portfolio companies rather than retail consumers., Illustrative portfolio/financing customers include UUDS, Questel, Arlettie, Pflegia, Barkene, GO! Formations, Respire, APL Data Center, NEO2, Evidenze Group and Magellan Partners., CAPZA Private Debt 7 targets companies mainly in France, Germany, Benelux, Spain and Italy; Artemid targets predominantly unlisted European companies with €8m–€100m EBITDA. ([capza.co](https://capza.co/companies-listing/), [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/), [capza.co](https://capza.co/news/record-fundraising-of-over-e1-billion-for-the-artemid-senior-loans-strategy/))
- **Markets**: Geography: primarily European markets—France, Germany, Italy, Spain, Benelux and the wider Eurozone—with expansion into the UK, US and other international markets. ([capza.co](https://capza.co/news/cazpa-partners-with-uuds/), [isai.fr](https://www.isai.fr/news/apl-data-center-annonce-lentree-des-fonds-capza-et-isai-a-son-capital-pour-accelerer-son-developpement-en-europe-et-a-linternational), [capza.co](https://capza.co/fr/news/mecadaq-et-capza-accelerent-la-consolidation-du-secteur-aeronautique-avec-deux-acquisitions/))
- **Markets**: Investment segments: European SMEs and mid-caps, especially technology/software, healthcare, financial and B2B services, training/education, industrial/aerospace, security, consumer and infrastructure-related services. ([capza.co](https://capza.co/news/cazpa-partners-with-uuds/), [isai.fr](https://www.isai.fr/news/apl-data-center-annonce-lentree-des-fonds-capza-et-isai-a-son-capital-pour-accelerer-son-developpement-en-europe-et-a-linternational), [capza.co](https://capza.co/fr/news/mecadaq-et-capza-accelerent-la-consolidation-du-secteur-aeronautique-avec-deux-acquisitions/))

## Team

- Olivier Thoral, CEO de CAPZA
- Guillaume Basquin, Partner; Co-Head of Flex Equity Mid-Market · [LinkedIn](https://www.linkedin.com/in/guillaume-basquin-70610b1)
- Christophe Carrasco, Partner · [LinkedIn](https://www.linkedin.com/in/christophe-carrasco-2ab82b)
- Thibault Chatagnon, Partner · [LinkedIn](https://www.linkedin.com/in/thibaultchatagnon)
- Geert Brulot, Partner · [LinkedIn](https://www.linkedin.com/in/geert-brulot-b91394)
- Fabien Bernez, Directeur associé
- Aurore Gauffre, COO et Directrice Durabilité & Impact
- Alexander Ball, Directeur – Head of Artemid Senior Loans DACH · [LinkedIn](https://www.linkedin.com/in/alexander-ball-01b16333)
- Benoit Choppin, Head of Private Equity · [LinkedIn](https://www.linkedin.com/in/benoît-choppin-7b18091)
- Jorge Anton Aparici, Directeur · [LinkedIn](https://www.linkedin.com/in/jorge-anton-aparici-5612a437)
- Cedric Sabbah, Directeur de Participations
- Antoine Forgeard, Principal / Directeur de Participations (Flex Equity Mid Market)

Backed by: AXA IM Alts

## Where to find more

- [This page in Markdown, for agents](https://mad-max.leadbay.ai/company/capza.co.md)

## Decision makers

- [Olivier Thoral](https://mad-max.leadbay.ai/person/olivier-thoral--capza.co.md), CEO de CAPZA
- [Guillaume Basquin](https://mad-max.leadbay.ai/person/guillaume-basquin--capza.co.md), Partner; Co-Head of Flex Equity Mid-Market · [LinkedIn](https://www.linkedin.com/in/guillaume-basquin-70610b1)
- [Christophe Carrasco](https://mad-max.leadbay.ai/person/christophe-carrasco--capza.co.md), Partner · [LinkedIn](https://www.linkedin.com/in/christophe-carrasco-2ab82b)
- [Thibault Chatagnon](https://mad-max.leadbay.ai/person/thibault-chatagnon--capza.co.md), Partner · [LinkedIn](https://www.linkedin.com/in/thibaultchatagnon)
- [Geert Brulot](https://mad-max.leadbay.ai/person/geert-brulot--capza.co.md), Partner · [LinkedIn](https://www.linkedin.com/in/geert-brulot-b91394)
- [Fabien Bernez](https://mad-max.leadbay.ai/person/fabien-bernez--capza.co.md), Directeur associé
- [Aurore Gauffre](https://mad-max.leadbay.ai/person/aurore-gauffre--capza.co.md), COO et Directrice Durabilité & Impact
- [Alexander Ball](https://mad-max.leadbay.ai/person/alexander-ball--capza.co.md), Directeur – Head of Artemid Senior Loans DACH · [LinkedIn](https://www.linkedin.com/in/alexander-ball-01b16333)
- [Benoit Choppin](https://mad-max.leadbay.ai/person/benoit-choppin--capza.co.md), Head of Private Equity · [LinkedIn](https://www.linkedin.com/in/benoît-choppin-7b18091)
- [Jorge Anton Aparici](https://mad-max.leadbay.ai/person/jorge-anton-aparici--capza.co.md), Directeur · [LinkedIn](https://www.linkedin.com/in/jorge-anton-aparici-5612a437)

Work emails and direct phones come with a Leadbay account: https://wow.leadbay.ai/?register=true

Where it comes from: 7 sites read (capza.co, alts.axa-im.com, unquote.com, akta.pro, leguichetdesformalites.fr, societe.com, pitchbook.com), the French register and the BODACC.

## Best angle

2026-07-15 · Fundraising: CAPZA partnered with Respire through a Flex Equity investment (4 sources)

## Best way in

- LinkedIn message to Guillaume Basquin: Partner; Co-Head of Flex Equity Mid-Market · profile linked from the company's record
- LinkedIn message to Christophe Carrasco: Partner · profile linked from the company's record
- Call the front desk, 01 42 60 38 05: The front desk, in Leadbay's record, verified 2026-08-28

## Signals: what happened

- 2026-10-02 · News: NEO2 pursued external growth through the acquisition of AGINERGY (4 sources: [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/), [capza.co](https://capza.co/news/), [capza.co](https://capza.co/news/cazpa-partners-with-uuds/))
- 2026-07-28 · News: Artemid arranged financing supporting Pflegia’s acquisition (4 sources: [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/), [capza.co](https://capza.co/news/), [capza.co](https://capza.co/news/cazpa-partners-with-uuds/))
- 2026-07-15 · Fundraising: CAPZA partnered with Respire through a Flex Equity investment (4 sources: [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/), [capza.co](https://capza.co/news/), [capza.co](https://capza.co/news/cazpa-partners-with-uuds/))
- 2026-02-16 · Product: CAPZA announced the first closing of CAPZA Private Debt 7 at nearly €1.4bn (4 sources: [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/), [capza.co](https://capza.co/news/), [capza.co](https://capza.co/news/cazpa-partners-with-uuds/))
- 2026-01-28 · Fundraising: CAPZA announced its eighth Flex Equity Mid-Market II investment, partnering with UUDS (4 sources: [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/), [capza.co](https://capza.co/news/), [capza.co](https://capza.co/news/cazpa-partners-with-uuds/))
- 2025-12-11 · Fundraising: Artemid Senior Loan IV closed with more than €1bn raised (4 sources: [capza.co](https://capza.co/news/capza-announces-the-successful-first-closing-of-the-european-mid-market-private-debt-fund/), [capza.co](https://capza.co/news/), [capza.co](https://capza.co/news/cazpa-partners-with-uuds/))

## Solvency

From the national register (INSEE, INPI) and the BODACC, read 2026-10-31. SIREN 877851287.

- Status: active, registered 2019-10-02 · SAS
- Procédures collectives: none in the BODACC (no sauvegarde, redressement or liquidation judiciaire)
- Accounts filed (comptes déposés): none published in the BODACC
- Legal officers: Guillaume De Jong, Directeur Général; Olivier Thoral, Président de SAS
- Grade (Jev): C, moderate risk
- Risk of failure within 12 months (Jev, read 2026-10-25): 11%
- Risk of paying 90 days late within 12 months (Jev): 14%
- Pays its invoices (Jev): In 30 to 60 days
- Cash on hand (Jev): Over 24 months of spending
- Debt (Jev): Low
- What Jev read: Active, created 2019-10-02; No procédure collective in the BODACC

## Working on now

- European mid-market private equity and private debt, with emphasis on growth, buy-and-build, digital transformation and international expansion.
- Expansion of portfolio companies across technology/software, financial services, healthcare recruitment, aerospace/defense, aircraft interiors, data centers, security, training and dermocosmetics.
- Internationalization is explicit: APL Data Center is targeting Europe and international markets; Magellan now spans 13 countries; UUDS is expanding into the United States; Mecadaq targets Europe and the US.
- AI and digital transformation remain active themes: CAPZA launched portfolio-company AI training, while Beetween and Asys are advancing AI-enabled products.
- Private Debt is scaling internationally: the 29-person team covers France, Germany, Spain, Italy and Benelux, with 2025 transactions half outside France.

From: [CAPZA reinvests in Magellan Partners, supporting its acquisition of MeTS from Worldline - CAPZA %](https://capza.co/news/capza-reinvests-in-magellan-partners/), [CAPZA supports Asys in the acquisition of m-work - CAPZA](https://capza.co/news/capza-supports-asys-in-the-acquisition-of-m-work/), [CAPZA acquires a minority stake in Beetween - CAPZA](https://capza.co/news/capza-acquires-a-minority-stake-in-beetween/), [CAPZA Partners with UUDS, a Leading Player in Premium Aircraft Cabin Interior Solutions - CAPZA](https://capza.co/news/cazpa-partners-with-uuds/), [CAPZA s'associe à Respire - CAPZA](https://capza.co/fr/news/capza-sassocie-a-respire/), [APL DATA CENTER ANNONCE L'ENTREE DES FONDS CAPZA ET ISAI A SON CAPITAL POUR ACCELERER SON DEVELOPPEMENT EN EUROPE ET A L'INTERNATIONAL — isai](https://www.isai.fr/news/apl-data-center-annonce-lentree-des-fonds-capza-et-isai-a-son-capital-pour-accelerer-son-developpement-en-europe-et-a-linternational)

## Summary

CAPZA is an established European private investment platform that provides financing solutions—including private debt, equity, and mezzanine capital—to small and mid-cap companies across sectors such as technology, healthcare, and B2B services. Founded in 2004 by Christophe Karvelis-Senn and David Hoppenot, the firm operates as a subsidiary of AXA IM Alts, which completed a full acquisition of the company. CAPZA serves institutional clients, including pension funds, insurers, and family offices. Notable competitors include Tikehau Capital, Ardian, Eurazeo, and Bridgepoint. Recent milestones include the February 2026 first close of its CAPZA Private Debt 7 fund and the December 2025 closing of the Artemid Senior Loan IV fund.

[1]: https://capza.co/who-we-are/ "Who we are - CAPZA"
[2]: https://capza.co/news/capza-is-thrilled-to-announce-its-full-acquisition-by-axa-im-alts/ "CAPZA is thrilled to announce its full acquisition by AXA IM Alts - CAPZA"
[3]: https://capza.co/expertise/private-debt/ "European Mid-Market Private Debt | CAPZA"
[4]: https://www.unquote.com/unquote/analysis/3023447/gp-profile-capza "GP Profile: Capza | Unquote"
[5]: https://capza.co/news/capza-accelerates-its-development/ "CAPZA accelerates its development - CAPZA"
[6]: https://capza.co/news/capza-successfully-closes-its-capza-6-private-debt-fund-with-2-5-billion-euros-investment-capacity/ "CAPZA successfully closes its CAPZA 6 Private Debt fund with 2.5 billion euros investment capacity - CAPZA"
[7]: https://akta.pro/company-profiles/00004o1/capza "CAPZA company profile: firmographics, business model, customers, competitors | akta.pro"
[8]: https://capza.co/news/record-fundraising-of-over-e1-billion-for-the-artemid-senior-loans-strategy/ "Record Fundraising of Over €1 Billion for the Artemid Senior Loans Strategy - CAPZA"

## Sources

- [Capza Invest's website](https://capza.co)
- [Company record, via Exa](https://capza.co/)
- [CAPZA reinvests in Magellan Partners, supporting its acquisition of MeTS from Worldline - CAPZA %](https://capza.co/news/capza-reinvests-in-magellan-partners/)
- [CAPZA supports Asys in the acquisition of m-work - CAPZA](https://capza.co/news/capza-supports-asys-in-the-acquisition-of-m-work/)
- [CAPZA acquires a minority stake in Beetween - CAPZA](https://capza.co/news/capza-acquires-a-minority-stake-in-beetween/)
- [CAPZA Partners with UUDS, a Leading Player in Premium Aircraft Cabin Interior Solutions - CAPZA](https://capza.co/news/cazpa-partners-with-uuds/)
- [CAPZA s'associe à Respire - CAPZA](https://capza.co/fr/news/capza-sassocie-a-respire/)
- [APL DATA CENTER ANNONCE L'ENTREE DES FONDS CAPZA ET ISAI A SON CAPITAL POUR ACCELERER SON DEVELOPPEMENT EN EUROPE ET A L'INTERNATIONAL — isai](https://www.isai.fr/news/apl-data-center-annonce-lentree-des-fonds-capza-et-isai-a-son-capital-pour-accelerer-son-developpement-en-europe-et-a-linternational)
- [Mecadaq et CAPZA accélèrent la consolidation du secteur aéronautique avec deux acquisitions - CAPZA](https://capza.co/fr/news/mecadaq-et-capza-accelerent-la-consolidation-du-secteur-aeronautique-avec-deux-acquisitions/)
- [Corporate  - CAPZA](https://capza.co/category/corporate/)
- [CAPZA appoints Christophe Vulliez as Co‑Head of Private Debt and names Oriane Mizrahi Head of France Private Debt - CAPZA](https://capza.co/news/capza-appoints-christophe-vulliez-as-co-head-of-private-debt-and-names-oriane-mizrahi-head-of-france-private-debt/)
- [AXA IM Alts Completes Acquisition of CAPZA, a leading European Private Debt and Private Equity Firm | AXA IM Alts](https://alts.axa-im.com/media-centre/axa-im-alts-completes-acquisition-capza-leading-european-private-debt-and-private-equity-firm)