How many portfolio companies does Activa Capital have?

Activa Capital has 11 active portfolio companies and 10 completed exits and 3 funds tracked on GP Intel.

Where is Activa Capital headquartered?

Activa Capital is headquartered in Paris, France.

What are Activa Capital's recent exits?

Recent realized exits by Activa Capital include: Arche MC2 (2026) to Montefiore Investment; Rhetores Finance (2025) to IK Partners; Mecadaq Group (2025) to CAPZA; Explore (2023) to Intescia; Alliance Etiquettes (2021) to Chequers Capital, 4.0x; Active Assurances (2021) to Meilleurtaux; Atlas for Men (2019) to Latour Capital; Albarelle (2019) to Perceva.

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Activa Capital

Paris, France·activa.fr

AUM

–

Funds

vintages 2010–2021

Portfolio

Exits

Activa Capital is a Paris private equity firm with 11 active companies and 10 exits.

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 10 realized deals: 6 years.
·Best return: 4.0x MOIC on Alliance Etiquettes (2021).
·Top sector focus: Business Services (29% of portfolio).
·Fund cadence: ~6Y between vintages · last raise 2021.

Sector breakdown

21 companies

Business Services

6 · 29%

Consumer

3 · 14%

Industrials

2 · 10%

TMT

2 · 10%

Aerospace & Defence

2 · 10%

Financials

1 · 5%

HealthTech

1 · 5%

Hospitality

1 · 5%

Key facts

HQParis, France

Websiteactiva.fr

Recent exits

Activa Capital sold Arche MC2 to Montefiore Investment in 2026 after 7 years.

Activa Capital sold Rhetores Finance to IK Partners in 2025 after 3 years.

Activa Capital sold Mecadaq Group to CAPZA in 2025 after 10 years.

Activa Capital sold Explore to Intescia in 2023 after 4 years.

Coverage notes

3 funds tracked, 21 portfolio companies (11 active · 10 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Activa Capital has raised, with its portfolio companies. Hand-checked from public filings.

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Activa Capital IV

Buyout2021€100M5 assets1 exits

Buyout

2021 · 5yr

€100M

Unrealized

5 held

Company	Entry
Desegur Group Industrials · France	2025
Go Formations Business Services · France	2024
Impulsa Business Services · France	2026
MAD Business Services · France	2023
Willing Business Services · France	2022

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Rhetores Finance Financials · France	2022	2025	Secondary	IK Partners	–

Activa Capital III

Buyout20154 assets5 exits

Buyout

2015 · 11yr

–

Unrealized

4 held

Company	Entry
Armatis Business Services · France	2015
Be Relax Hospitality · France	2018
Ingeliance Business Services · France	2020
Look Consumer · France	2016

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
Alliance Etiquettes Industrials · France	2020	2021	Secondary	Chequers Capital	4.0x
Arche MC2 HealthTech · France	2019	2026	Secondary	Montefiore Investment	–
Atlas for Men Consumer · France	2016	2019	Secondary	Latour Capital	–
Explore TMT · France	2019	2023	Trade Sale	Intescia	–
Mecadaq Group Aerospace & Defence · France	2015	2025	Secondary	CAPZA	–

Activa Capital II

Buyout20102 assets4 exits

Buyout

2010 · 16yr

–

Unrealized

2 held

Company	Entry
BSK Immobilier TMT · France	2021
Nexeya Aerospace & Defence · France	2013

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
Active Assurances InsurTech · France	2011	2021	Trade Sale	Meilleurtaux	–
Albarelle Education · France	2011	2019	Secondary	Perceva	–
Findis Consumer · France	2011	2017	Secondary	Naxicap Partners	–
HR Path HR Tech · France	2013	2019	Secondary	Andera Partners	–

About Activa Capital

Activa Capital is a French mid-market private equity firm with €500 million of assets under management, headquartered in Paris. The firm has built a multi-decade track record across successive flagship vintage funds focused on French mid-cap LBO and growth equity transactions, with sector coverage across industrials, financials, consumer and TMT verticals.

Investment thesis

Activa Capital targets French and selectively European mid-cap LBO transactions with equity ticket sizes typically ranging from €15 million to €50 million per transaction, focusing on profitable companies with strong management teams and consolidation potential. Sector focus spans Industrials, Financials, Consumer and TMT, with the firm emphasising operational value creation through bolt-on M&A strategies and management team partnership.

Recent activity

Recent realised exits include Mecadaq Group (industrials, 2025), Rhetores Finance (financials, 2025), Atlas for Men (consumer, 2023) and Explore (TMT, 2023), reflecting active distribution across multiple sectors. The platform tracks 3 funds, 11 active portfolio companies and 7 realised exits across the multi-vintage French mid-cap programme.

Frequently asked questions

How many portfolio companies does Activa Capital have?: Activa Capital has 11 active portfolio companies and 10 completed exits and 3 funds tracked on GP Intel.
Where is Activa Capital headquartered?: Activa Capital is headquartered in Paris, France.
What are Activa Capital's recent exits?: Recent realized exits by Activa Capital include: Arche MC2 (2026) to Montefiore Investment; Rhetores Finance (2025) to IK Partners; Mecadaq Group (2025) to CAPZA; Explore (2023) to Intescia; Alliance Etiquettes (2021) to Chequers Capital, 4.0x; Active Assurances (2021) to Meilleurtaux; Atlas for Men (2019) to Latour Capital; Albarelle (2019) to Perceva.