Armen to make second deal via GP Stakes Fund I with Jolt Capital

Jolt is an independent private equity firm that invests in deep-tech companies.

  • Paris-based Jolt has over €500 million under management
  • This investment follows Armen’s investment in RGreen Invest in April 2023
  • Armen, based in Paris, France, invests in European alternative investment companies

Armen will make an equity investment of up to 32 percent in Jolt Capital, an independent private equity firm that invests in deep-tech companies.

Paris-based Jolt has over €500 million under management. The firm’s pipeline of opportunities amounts to around 3,000 targets annually, with two-thirds sourced from Jolt.Ninja, its AI platform, and the remaining from its network.

This investment will provide Jolt Capital the resources to continue developing its deeptech platform and expand from a strong base in Europe to North America and Asia, according to a release. It will also benefit from the strategic and operational support that Armen provides to its portfolio companies, across cyber security, digitalisation, human resources and international corporate development, the release said.

“Jolt has everything to interest us: a top-quality team and a leading position in a fast-growing sector where financing requirements and the volume of new projects are considerable,” said Dominique Gaillard, chairman of Armen.

Jolt is the second investment via Armen’s GP Stakes Fund I. This investment follows Armen’s minority investment in RGreen Invest in April 2023.

This transaction is subject to prior approval from Autorité des Marchés Financiers.

Armen, based in Paris, France, invests in European alternative investment companies and supports their growth through GP stake transactions. The firm is regulated by Autorité des Marchés Financiers as a portfolio management company since 2022.