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Activa Capital

Activa Capital

Paris, France·activa.fr
AUM
€500M
Funds
3
vintages 2010–2021
Portfolio
10
Exits
9

Key facts

HQParis, France
Websiteactiva.fr

Recent exits

Rhetores Finance
Financials · 2025 · 3yr hold
Mecadaq Group
Industrials · 2025 · 10yr hold
Explore
TMT · 2023 · 4yr hold
Alliance Etiquettes
Industrials · 2021 · 1yr hold

Coverage notes

3 funds tracked, 19 portfolio companies (10 active · 9 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
Activa Capital IVBuyout
2021 · 5yr€100M4 active · 1 realized

Unrealized

4 held
IndustrialsFrance· Entry 2025
Business ServicesFrance· Entry 2024
MADActive
Business ServicesFrance· Entry 2023
WillingActive
Business ServicesFrance· Entry 2022

Realized

1 exit
Rhetores FinanceExited 2025
FinancialsFrance· Entry 2022
Secondaryto
Activa Capital IIIBuyout
2015 · 11yr5 active · 4 realized

Unrealized

5 held
Arche MC2Active
HealthcareFrance· Entry 2019
ArmatisActive
Business ServicesFrance· Entry 2015
Be RelaxActive
ConsumerFrance· Entry 2018
Business ServicesFrance· Entry 2020
LookActive
ConsumerFrance· Entry 2016

Realized

4 exits
IndustrialsFrance· Entry 2020
Secondaryto
Atlas for MenExited 2019
ConsumerFrance· Entry 2016
Secondaryto
ExploreExited 2023
TMTFrance· Entry 2019
Trade Saleto
Mecadaq GroupExited 2025
IndustrialsFrance· Entry 2015
Secondaryto
Activa Capital IIBuyout
2010 · 16yr1 active · 4 realized

Unrealized

1 held
TMTFrance· Entry 2021

Realized

4 exits
FinancialsFrance· Entry 2011
Trade Saleto
AlbarelleExited 2019
EducationFrance· Entry 2011
Secondaryto
FindisExited 2017
ConsumerFrance· Entry 2011
Secondaryto
HR PathExited 2019
SoftwareFrance· Entry 2013
Secondaryto
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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. Detailed buyer names and multiple data available on Pro at €29/month.

Last updated June 2026 · Sourced from public filings