Ardian always seeks to secure an ownership and governance model that favours alignment of interests between investors and portfolio companies. Ardian's direct investments comprise a wide range of funds that cover multiple asset classes attached to varying investment strategies. Shareholding and level of control necessarily differ between activities.
In the Mid Cap Buyout and Expansion activities, teams target either active controlling or non-controlling stakes depending on the features of the companies. Ardian always secures adequate governance rights allowing investments professionals to participate to all major decisions of the company.
In the Growth activity, management teams and founders usually hold a majority stake;
and in Co-investments deals, which usually involve both industrial and financial shareholders, Ardian has an active role yet no systematic controlling interests.
It is critical for Ardian to seat on the Board of its portfolio companies in order to closely monitor progresses, provide adequate support and efficiently influence management's deployment of the firm's value creation strategy. In its direct activity, Ardian sits on the board of 69 portfolio companies.