Finance & Insurance
France FR

Scope of intervention

Sycomore Corporate Finance acted as exclusive financial adviser to Axa PE and its management

Date of closing

March 2013
The management of Axa Private Equity (Ardian) led by Dominique Senequier, alongside its employees have agreed to acquire Axa Private Equity from Axa Investment Managers.
The transaction will enable Axa to monetize its interest in Axa Private Equity. With this acquisition, Axa Private Equity will continue to provide its clients with better performance and services as an independent private equity firm.

Post-acquisition, the management and employees of Axa Private Equity will hold 46.4% stake, with Axa Group retaining its 22.6% stake and other French investors holding 31.0% stake in the company.

Axa will remain a key partner and has pledged to invest €4.8bn in new funds managed by Ardian over the next five years.


  • Become a premium independent private investment company
  • Enable Axa to monetize its interest in Axa Private Equity

Ardian at a glance

Founded in 1996 and led by Dominique Senequier, Ardian is a premium independent private investment company with assets of $62bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, maintains a truly global network, with more than 450 employees working through ten offices in Beijing, Frankfurt, Jersey, London, Luxembourg, Milan, New York, Paris, Singapore, and Zurich. The company offers its 255 investors a diversified choice of funds covering the full range of asset classes, including Funds of Funds (primary, early secondary and secondary), Direct Funds including Infrastructure, Small and Mid-Market Enterprise Capital, Innovation & Growth, Co-Investment and Private Debt.

Axa at a glance

Founded in 1985, Axa is one of the world leading insurance and asset management groups, serving 103 million clients, individuals and business, in 64 countries. Operating on all continents, Axa develops its activities according to the needs of its customers and has an expertise in all insurance business lines (Property & Casualty, Life & Savings, Health) and asset management.