Audacia Announces a €8 Million Capital Increase Secured at 75%
Private equity firm Audacia has announced a capital increase with preferential subscription rights amounting to €8 million, according to a statement released on Monday, January 20. The operation has secured subscription commitments of €6 million.
Details of the Capital Increase
The capital increase will involve the issuance of a maximum of 1,975,308 new shares at a unit price of €4.05, representing a face value discount of 30.2% compared to the closing price on January 20, 2026, the group stated. The subscription period will run from January 27 to February 5, 2026, inclusive. Existing shareholders will be granted preferential subscription rights at a ratio of 2 new shares for every 5 shares held. According to the statement, the funds raised will be equally allocated to financing high-value projects in the company's key investment themes and to establishing a platform of thematic funds. The new shares will be admitted to trading on Euronext Growth Paris on February 11, 2026.
Subscription Commitments
Audacia has received subscription commitments totaling €6 million, representing 75% of the capital increase amount, the company specified. Among the subscribers are the family investment holding Manitoba Capital, several board members including Sébastien Aguettant, Jean-Jacques de Gournay, Marc-Antoine d'Halluin, Charles Hirsch, Christian de La Villehuchet, and Christiane Marcellier, as well as historical shareholders. Two new specialized investors, Philippe Pouletty and Bernard-Louis Roques, are also participating in the operation through their investment vehicle Truffle Capital. None of these commitments will be remunerated, and the issue is not subject to a completion guarantee, according to the statement. Investors commit to holding their shares for a period of 720 days from the settlement-delivery date.
Strategic Expansion in Thematic Funds
The operation is part of Audacia's strategic ramp-up of its thematic funds offering across all asset classes, the company indicated. Specializing in Growth Capital, Real Estate Capital, and Innovation Capital, Audacia is particularly developing investment theses in quantum technologies, aerospace and defense, either directly or through its partner management companies Quantonation Ventures and Expansion Ventures. Since its inception 18 years ago, the group has invested over one billion euros in a total of 400 SMEs and mid-cap companies. The year 2025 was marked by the launch of several funds, including a first DeepTech tax fund aimed at the general public in November 2025 and Calderion, a fund dedicated to next-generation fuels. Should the capital increase be realized only at 75%, the use of funds would be adjusted proportionally, the statement clarified.
