Fostering sustainable value creation alongside talented entrepreneurs

The Expansion team partners with talented entrepreneurs running mid-sized companies across the major Western European economies. Drawing on 20 years’ experience in this segment, our team supports them with a pragmatic, customized approach as they accelerate their growth plans and confront their strategic challenges. We take a mid- to long-term perspective and build partnerships that create sustainable value for all stakeholders.

The team
Expansion investments

  • $8Bn

    of assets managed or advised

  • 35

    investment professionals in 3 offices

  • 75+

    investments in past and current portfolio companies

Multi-local presence builds strong partnerships

Thanks to our offices in Paris, Frankfurt, and Milan, our more than 30 investment professionals can closely follow their local market, developing cultural awareness and a powerful network for their portfolio companies. This helps us to build mutual understanding and trusting relationships with entrepreneurs and accelerate cross-border opportunities including build-ups, new customers and operational expansion.

Our strategy

The Ardian Expansion team supports high-growth industry leaders through equity investments ranging from €50M to €300M. The team targets private mid-sized businesses with committed and experienced management teams.

F2A

Growing mid-size companies in all sectors

Our strategy is to invest in mid-size companies with Enterprise Values ranging from €100M to €500M. We target businesses with an established position in their home market, strong revenue growth and robust margins. The Ardian Expansion team will leverage its accumulated experience in 4 key sectors (IT & Technologies, Business Services, Healthcare and Value-Added Industrials) to identify leading niche players and acquire them at reasonable valuations.

CLS Expansion

Major Eurozone economies

The team mainly invests across the major Eurozone economies (France, Germany, Italy, Austria, Belgium, the Netherlands and the Iberian Peninsula), as well as in Switzerland.

Expansion cards strategy

A mid to long term shareholder

We take a mid- to long-term perspective, typically holding our investments for 4 to 6 years, and partner with entrepreneurs, founding families or financial investors to foster sustainable value creation. As a majority or minority (with strong governance rights) shareholder, we have the flexibility to support family succession, an exit by financial sponsors or spin-offs.

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The Team

Ardian Expansion has a team of 35 investment professionals based in France, Germany, and Italy, sharing incentive in a common European fund. Our 10 Managing Directors have worked together for 15 years, building a strong team culture and long-lasting professional relationships.

"Management teams want local partners, but as they look to build on their domestic strength they also want a platform for international growth. Offering both is a powerful combination."

François Jerphagnon Member of the Executive Committee, Managing Director of Ardian France & Head of Expansion
François Jerphagnon

François Jerphagnon

Member of the Executive Committee, Managing Director of Ardian France & Head of Expansion

Dirk Wittneben

Dirk Wittneben

Head of Expansion Germany

Arnaud Dufer

Arnaud Dufer

Head of Expansion France

Abadir Marc

Marc Abadir

Managing Director

Marie Arnaud-Battander

Marie Arnaud-Battandier

Managing Director

Check out our investment map

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European Private Markets Fund Manager of the Year 2024

In November 2024, Ardian has won the “European Private Markets Fund Manager of the Year 2024” (AuM of more than €100bn) at the Funds Europe Awards 2024 in London.

Our latest publications

Ardian Corporate Brochure

Read the brochure

Ardian 2023 Integrated Report

Read the report

On average we have known each management team for three years before we invest. The understanding we build with them is the key to our success.

François Jerphagnon Member of the Executive Committee, Managing Director of Ardian France & Head of Expansion

Business enquiries

Contact the Expansion Team