<div id="readability-page-1"><div>PARIS: Concerto, an international group specialising in business intelligence, strategic communications and public affairs, with a strong presence in Africa and the Middle East, announces the entry of CAPZA [1] into its share capital as a minority investor. The transaction marks a new chapter of growth for Concerto, with no change in governance: management remains structured around its founder and CEO, François Hurstel, alongside the partners and the executive committee.Concerto supports companies, institutions and leaders in understanding and navigating complex environments characterised by high political, economic and reputational stakes. The group relies on an integrated approach combining business intelligence, international public affairs, strategic communications, media relations and crisis management, supported by a hybrid model that brings together high-level expertise and strong local anchoring, particularly in Africa, the Middle East and other emerging markets.In an international context shaped by profound geopolitical, economic and informational shifts, the management of risk, reputation and narratives has become a strategic imperative for companies and institutions alike. Concerto anticipated these challenges early on and has positioned itself at this critical intersection, supporting its clients in decision-making, risk anticipation and the design of effective influence strategies.With the arrival of CAPZA, Concerto aims to accelerate several strategic priorities: targeted investments in artificial intelligence and data-driven capabilities, the strengthening of high value-added teams, and the launch of new initiatives in some of the world’s most dynamic markets.“This transaction sends a strong signal. It validates our positioning and our ambition at a time when the mastery of risk, reputation and narrative has become central. I would like to thank CAPZA, a leading private equity player, for the confidence placed in Concerto. This operation will enable us to accelerate our development without changing course,” said François Hurstel, Founder and CEO of Concerto.“Concerto has established itself as a distinctive player, capable of operating in markets with high geopolitical, economic and reputational stakes, particularly in Africa. We are pleased to support the group in this new phase of its development,” said Thomas Meurisse, Investment Director, CAPZA.ParticipantsConcerto<ul><li>Concerto: François Hurstel, Olga Marysa Akin-Dina</li><li>M&amp;A advisor: Clipperton (Thomas de Montille)</li><li>Legal advisors: Willkie Farr &amp; Gallagher LLP (Gabriel Flandin, Théo Menet)</li></ul>CAPZA<ul><li>Investors: CAPZA (Thomas Meurisse, Valentine Bonnet, Alexis Guinard)</li><li>Legal advisors: Agilys (Baptiste Bellone, Sophie Auvergne)</li><li>Due diligence:<ul><li>Financial: Oderis (Aurélien Vion)</li><li>HR: Innerways (Valérie de Launay)</li><li>Legal, Tax and Social: Agilys (Baptiste Bellone, Sophie Auvergne)</li></ul></li></ul>Financing<ul><li>Senior debt: Société Générale</li></ul>Press ContactsCAPZAFlorence Jolinfjolin@CAPZA.coCITIGATE DEWE ROGERSONKristell Le NadanKristell.lenadan@citigatedewerogerson.comLucas RennessonLucas.Rennesson@citigatedewerogerson.comAbout ConcertoConcerto is a group specialising in business intelligence, strategic communications and public affairs. With a presence in Europe, Africa and the Middle East, the group supports companies, institutions and leaders in managing risk, reputation and narratives in rapidly transforming markets.About CAPZACAPZA¹ is a leading European player in Private Equity and Private Debt for SMEs and mid-cap companies, active since 2004. With more than €10.5 billion in assets under management², CAPZA places its experience and passion for business development at the service of institutional investors in Europe and worldwide, through a platform of six complementary areas of expertise: Growth Tech, Flex Equity, Flex Equity Mid-Market, Transition³, Private Debt and Artemid⁴.CAPZA offers SMEs and mid-cap companies flexible financing solutions tailored to the different stages of their development. Its unique platform enables CAPZA to support companies over the long term by providing scalable financing solutions and guidance on sustainable development challenges. As a generalist investor, CAPZA has a particular focus on companies in the technology, healthcare and business services sectors.The CAPZA Group employs more than 120 professionals across Paris, Munich, Madrid, Milan and Amsterdam, and is part of AXA IM Alts, one of the world’s leading alternative investment managers, with €188 billion in assets under management⁵.More information: www.capza.co¹ Atalante (trading name: CAPZA).² Including assets advised by Artemid SAS – based on valuations as at 30/09/2025 and including funds raised up to December 2025.³ Funds in the CAPZA Transition range are managed by the portfolio management company CAPZA and advised by CAPZA Transition SAS, which holds the status of Financial Investment Adviser and has been registered with Orias under number 18001601 since 23/03/2018.⁴ Funds in the Artemid range are managed by the portfolio management company CAPZA and advised by Artemid SAS, a subsidiary of CAPZA. Artemid SAS holds the status of Financial Investment Adviser (CIF) and has been registered with Orias under number 14003497 since 28/05/2014.⁵ Source: AXA IM Alts as at 30/06/2025.DisclaimerThis document is provided for information purposes only and does not constitute a solicitation, investment advice, or legal or tax advice. It does not contain all the information required to make an investment decision. The opinions expressed reflect the author’s views and do not constitute investment advice. This is not a recommendation to buy, sell or subscribe to investment funds, nor an offer of financial services. This press release is dated, and the views expressed do not necessarily reflect those of AXA Investment Managers Group companies and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. The information provided is indicative only. No financial decision should be made on the basis of the information provided. Past performance is not indicative of future results; performance is not constant over time and the value of investments may fall as well as rise.Information relating to CAPZA personnel is provided for information purposes only. No guarantee is given that such personnel will remain employed by CAPZA or continue to perform functions within CAPZA teams.[1] Atalante (commercial name CAPZA).Send us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.</div></div>

Concerto, a business intelligence and strategic communications group, has welcomed CAPZA as a minority investor, marking a new growth phase. The management structure remains unchanged, led by CEO François Hurstel. The partnership aims to enhance investments in AI and data capabilities, strengthen teams, and launch initiatives in dynamic markets. CAPZA's involvement is seen as a validation of Concerto's strategic positioning in high-stakes environments, particularly in Africa and the Middle East. Concerto supports clients in navigating complex geopolitical and economic landscapes.

ZAWYA-PRESSR: Concerto welcomes CAPZA as a shareholder