Sarah CHIBOUT

Reflexion Capital est le fonds des entrepreneurs de la tech & du digital qui font le pari de combiner forte croissance et atteinte rapide de la rentabilité. Nous fédérons une communautés dentrepreneurs-Investisseurs alignés avec nos valeurs relatives à la croissance, laccompagnement opérationnel et la rentabilité.

Reflexion Capital est le fonds des entrepreneurs de la tech & du digital qui font le pari de combiner forte croissance et atteinte rapide de la rentabilité. Nous fédérons une communautés dentrepreneurs-Investisseurs alignés avec nos valeurs relatives à la croissance, laccompagnement opérationnel et la rentabilité.

Created in 2004, CAPZA is an established European private investment platform focused on small and mid-market companies. With €9.9 billion of assets*, CAPZA puts its experience and passion for investing at the service of investors in Europe and worldwide with its platform of 6 complementary areas of expertise: Growth Tech, Flex Equity, Flex Equity Mid-Market, Private Debt, Transition and Artemid. CAPZA offers financing solutions to small and mid-cap companies at every stage of their development. Its unique platform allows CAPZA to support companies over the long term by providing them with custom made financing solutions (majority equity, minority equity, subordinated debt, senior debt, etc.). CAPZA is a generalist but has built up strong expertise in supporting companies in the health, technology and services sectors. CAPZA Group has more than 120 employees based in Paris, Munich, Madrid, Milan and Amsterdam. *As of 31/03/2025, of which assets managed by a third party and advised by Artemid SAS. CAPZA is the commercial name of Atalante SAS, portfolio management company approved on 11/29/2004 under the number GP-04000065 by the Autorité des marchés financiers (AMF). Artemid SAS, subsidiary fully owned by CAPZA has a financial investment advisor status (CIF in France) and is registered by the Orias under the number 14003497 since the 05/28/2014. CAPZA Transition SAS, subsidiary majority owned by CAPZA, has financial investment advisor status (CIF in France) and is registered by the Orias under the number 18001601 since the 03/23/2018.

Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income and Credit, Structured Solutions, Corporate Finance, and Asset Management. The Group employs over 650 people and is present in 14 major financial centres in Europe, the US and the Middle East: Amsterdam, Brussels, Dubai (DIFC), Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Warsaw, and Zurich. Group key figures: * 1st independent European equity broker. * 1st Equity Research coverage in Continental Europe. * 1st Country Broker and Research (Extel 2025). * 14 major financial centres in Europe, US and the Middle East. * 650+ employees. * 1,300+ institutional clients.

Since 1988, we have been at the heart of the worlds foremost digital transformations, supporting our clients with the same high-value service and expertise everywhere they are. Day after day, we rely on our highly scalable business model and our experts and engineers deep technical expertise, driven by the same purpose: Succeed in a sustainable digital transformation, placing humans at the heart of our development. The Group supports its customers across 5 global business lines, offering them cutting-edge expertise in 3 primary services: Technology, Operations, and Engineering. · Strategy & Management Consulting · Digital Experience · Data & Artificial Intelligence · Cloud & Softwares · Cybersecurity