
Apicap
Description
Apicap, formerly known as OTC Asset Management, is a prominent independent private equity firm headquartered in Paris, France. Established as a key player in the French market, the firm specializes in growth equity (capital développement) and buyout (capital transmission) investments, primarily targeting small and medium-sized enterprises (SMEs) and mid-caps across various sectors. Apicap manages a substantial portfolio, with assets under management exceeding €1.5 billion as of late 2023, reflecting its significant presence and long-standing activity in the private equity landscape.
The firm's investment strategy focuses on supporting companies through critical phases of their development. Apicap provides capital for organic growth, strategic acquisitions, international expansion, and digital transformation initiatives. They typically partner with businesses generating revenues between €5 million and €100 million, aiming to enhance their operational efficiency and market position. Apicap adopts a hands-on approach, working closely with management teams to implement strategic plans and unlock value.
For its private equity funds, Apicap typically deploys first cheques ranging from €3 million to €10 million per investment, allowing them to acquire significant minority or majority stakes. Their diverse portfolio spans sectors such as healthcare, technology, industrial services, and consumer goods. With over two decades of experience, Apicap has a proven track record of contributing to the growth and professionalization of numerous French companies, solidifying its reputation as a strategic and reliable financial partner in the European private equity ecosystem.
Investor Profile
Apicap has backed more than 45 startups, with 0 new investments in the last 12 months alone. The firm has led 7 rounds, about 16% of its total and boasts 14 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
- Majority of deals are located in France, United States, Turkey.
- Strong thematic focus on Software, Information Technology, SaaS.
- Typical check size: $3.2M – $10.8M.
Stage Focus
- Series Unknown (29%)
- Series A (24%)
- Series B (20%)
- Series C (11%)
- Seed (7%)
- Series D (4%)
- Private Equity (2%)
- Post Ipo Equity (2%)
Country Focus
- France (80%)
- United States (16%)
- Turkey (2%)
- Ireland (2%)
Industry Focus
- Software
- Information Technology
- Saas
- Hardware
- Internet
- Mobile
- Telecommunications
- Biotechnology
- Marketing
- Retail
Frequently Asked Questions
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