ACTIVE · Operating Partner · Services & Marketplaces
Section · Approach

We don't start with the technology. We start with the truth about your business.

Technology is an enabler. Strategy, clarity and operating discipline are what make it stick.

Discuss your situation
Chapter 0 · Thesis

Two waves are converging.

A 36-month window is opening on European mid-cap capital. Most companies will not catch up alone.

Two structural shifts are reshaping European mid-cap capital, at the same time.

Wave 01 · The PE exit window

In 2025, French PE funds held over 8,400 portfolio companies, with 1,232 exit operations recorded. The window is reopening, but on a market where AI generative is rewriting unit economics in services and marketplace businesses. Acquisitions made between 2018 and 2022 must rebuild their operating model, or accept a meaningful discount at exit.

Source: France Invest, 2025
Wave 02 · The Silver Tsunami

More than 500,000 French company leaders will retire in the next decade. One in four CEOs is already over 60 (BPI). Transmission has just been declared a national economic priority. The wave will hand thousands of profitable but digitally immature businesses to new investors, family successors, and PE buyers.

Source: BPI France, French government, 2026

Both populations face the same problem. They have a 36-month window to rebuild around AI, and they have neither the digital maturity nor the internal C-suite capacity to lead it alone.

Ikigai exists to do this work, with the funds, the families, and the management teams that hold the asset.

Chapter 0 · Method

The Ikigai 4Q Method

Every Ikigai engagement starts with the same diagnostic. Four quadrants, one shared question for the management team and the shareholders: where is the bottleneck, really?

Q1 · Strategy

Where is the business going?

Market positioning, competitive thesis, value creation plan, exit horizon. Without a clear answer here, every other quadrant is noise.

Diagnostic question: "What does winning look like in 24 months?"
Q2 · Operations

How does the business actually run?

Operating model, decision rhythm, governance, value chain economics. Where work actually flows, and where it gets stuck.

Diagnostic question: "Where does work get stuck today?"
Q3 · Tech & AI

What enables the first two to scale?

Technology stack, data foundation, AI architecture, digital product. The leverage layer, applied where it amplifies a strategy that holds.

Diagnostic question: "Where would technology actually move the P&L?"
Q4 · People

Who turns the plan into real outcomes?

Leadership capability, team design, culture, change readiness. The quadrant that decides whether the other three actually land.

Diagnostic question: "Who in this room can actually own the outcome?"
Chapter IV

How we engage

Two postures, depending on what you actually need: someone to lead the transformation, or someone to challenge the team that is leading it.

Get in touch

Clarity is the first deliverable.

Before any roadmap, any technology, any investment, we help you see the situation clearly.

Discuss your situation