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BNP Paribas Fortis

Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels

Description

BNP Paribas Fortis, a prominent Belgian financial institution, engages in equity investments primarily through its dedicated arm, BNP Paribas Fortis Private Equity. This entity operates distinctly from the bank's traditional lending and retail services, focusing specifically on providing capital to unlisted companies. While the broader BNP Paribas Group has various innovation and venture initiatives globally, BNP Paribas Fortis Private Equity's mandate is centered on the Belgian market, acting as a strategic partner for businesses seeking growth capital and other equity solutions.

The investment strategy of BNP Paribas Fortis Private Equity is geared towards established, mature companies rather than early-stage startups typically associated with venture capital. They specialize in providing equity and quasi-equity solutions for various purposes, including growth financing, management buyouts, and succession planning. Their approach involves taking minority stakes, indicating a collaborative partnership model where they support existing management teams in achieving their strategic objectives.

BNP Paribas Fortis Private Equity is a significant player in the Belgian private equity landscape, known for its substantial capital deployment. Typical first cheque sizes for their investments range from approximately $2.17 million (€2 million) up to $54.25 million (€50 million), demonstrating their capacity for significant financial commitments. As of recent reports, their portfolio encompasses over 50 companies, reflecting a broad and diversified investment footprint across various sectors within Belgium. This extensive portfolio underscores their long-term commitment to fostering economic growth and innovation within the region.

Their value proposition extends beyond mere capital provision; they aim to leverage the extensive network and expertise of the broader BNP Paribas Fortis group to support their portfolio companies. This includes offering strategic guidance, access to banking services, and facilitating further growth opportunities. Their long-term investment horizon and focus on sustainable development make them a patient capital provider, aligning with companies that prioritize steady, strategic expansion.

Investor Profile

BNP Paribas Fortis has backed more than 25 startups, with 2 new investments in the last 12 months alone. The firm has led 3 rounds, about 12% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Series B, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Belgium, United States, Singapore.
  • Strong thematic focus on Biotechnology, Logistics, Manufacturing.
  • Typical check size: $2.2M – $54.3M.

Stage Focus

  • Debt Financing (36%)
  • Series B (16%)
  • Series Unknown (12%)
  • Series A (8%)
  • Seed (8%)
  • Pre Seed (8%)
  • Private Equity (8%)
  • Series C (4%)

Country Focus

  • Belgium (64%)
  • United States (8%)
  • Singapore (4%)
  • Ireland (4%)
  • Germany (4%)
  • United Kingdom (4%)
  • Malaysia (4%)
  • France (4%)
  • Colombia (4%)

Industry Focus

  • Biotechnology
  • Logistics
  • Manufacturing
  • Saas
  • Software
  • Clinical Trials
  • Medical
  • Internet
  • Energy
  • E-learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does BNP Paribas Fortis frequently co-invest with?

Mizuho Bank
Asia, Tokyo, Japan, Tokyo
Co-Investments: 2
Santander
Europe, Madrid, Spain, Boadilla Del Monte
Co-Investments: 2
Korys
Europe, Vlaams-Brabant, Belgium, Halle
Co-Investments: 3
KU Leuven
Europe, Vlaams-Brabant, Belgium, Leuven
Co-Investments: 2
DBS Bank
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
MUFG Bank
Asia, Tokyo, Japan, Tokyo
Co-Investments: 2
Banco Bilbao Vizcaya Argentaria
Europe, Pais Vasco, Spain, Bilbao
Co-Investments: 2
Belfius Bank
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Saint-josse-ten-noode
Co-Investments: 3
PMV
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 6
Sumitomo Mitsui Banking Corporation
Asia, Tokyo, Japan, Tokyo
Co-Investments: 2

Which angels does BNP Paribas Fortis often collaborate with?

BM
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Shared Deals: 1
CW
Europe, Vlaams-Brabant, Belgium, Leuven
Shared Deals: 1
PD
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Shared Deals: 1

What are some of recent deals done by BNP Paribas Fortis?

Empresas Públicas de Medellín (EPM)

Medellín, Antioquia, Colombia

Empresas Públicas de Medellín is a public utility service company.

Energy ManagementHumanitarianInfrastructureOil and GasSocialSustainability
Debt FinancingJun 19, 2025
Amount Raised: $500,000,000
Hexa

Paris, Ile-de-France, France

Hexa is home to startup studios eFounders (SaaS), Logic Founders (fintech) and 3founders (web3)

B2BBlockchainFinTechInternetSaaSSoftwareWeb3
Debt FinancingMar 19, 2025
Amount Raised: $31,733,040
Eastern Steel Sdn Bhd

Kemaman, Terengganu, Malaysia

Eastern Steel Sdn. Bhd. ("ESSB") is headquartered in Kemaman, Terengganu, on Malaysia's East Coast of the West Peninsular.

Manufacturing
Debt FinancingJul 16, 2024
Amount Raised: $230,000,000
Stûv

Bois-de-villers, Namur, Belgium

Stûv is a designer and manufacturer of wood-burning appliances.

EnergyIndustrial DesignManufacturing
Private EquityMar 28, 2024
Vaultspeed

Leuven, Vlaams-Brabant, Belgium

Vaultspeed is a SaaS company specialized in data warehouse automation solutions.

SaaSSoftware
Series ANov 16, 2023
Amount Raised: $16,388,336
Aphea.Bio

Zwijnaarde, Oost-Vlaanderen, Belgium

Aphea.Bio offers research and development in the areas of bioinsecticides and bioherbicides.

AgricultureBiotechnologyChemical
Series CJul 11, 2023
Amount Raised: $77,099,644
MobieTrain

Genk, Limburg, Belgium

The #1 Rated Learning App for your Frontline Teams

E-LearningEducationGovernmentHuman ResourcesLogisticsRetailRetail Technology
Series BOct 27, 2022
Amount Raised: $8,970,326
Global Infrastructure Partners

New York, New York, United States

Global Infrastructure Partners is an infrastructure investing firm that invests in the energy, transportation, water, and waste sectors.

FinanceImpact InvestingInfrastructure
Debt FinancingOct 27, 2022
Amount Raised: $375,000,000
Aircastle

Stamford, Connecticut, United States

Aircastle is a company that acquires, leases and sells high-utility commercial jet aircraft to customers worldwide.

AerospaceCommercialService Industry
Debt FinancingSep 12, 2022
Amount Raised: $100,000,000
Aquila Clean Energy

Humberg, Baden-Wurttemberg, Germany

Aquila Clean Energy is an energy platform that develops and operates clean energy assets including solar, wind, and battery storage.

EnergyHydroelectric
Debt FinancingSep 7, 2022
Amount Raised: $999,798,041