What investment strategy does B & Capital focus on?

B & Capital focuses on Growth, Buyout strategies in the private equity space.

How many portfolio companies does B & Capital have?

B & Capital has 12 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.

Where is B & Capital headquartered?

B & Capital is headquartered in Paris, France.

What is B & Capital's assets under management?

B & Capital manages approximately €532M in assets under management.

When was B & Capital founded?

B & Capital was founded in 2016.

What sectors does B & Capital invest in?

B & Capital invests across Business Services, Healthcare, Industrials, Software, Consumer.

What are B & Capital's recent exits?

Recent realized exits by B & Capital include: 123elec (2026) to Siparex Midcap; Nedap France (2025) to Solutys Group; Steliau Technology (2024) to Astorg; Deveryware (2022) to ChapsVision; HR Team (2022) to Scalian; EVA Group (2021) to Sopra Steria.

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B & Capital

Paris, France·Founded 2016·

Growth Equity Buyout

·b-and-capital.com

Paris-based independent French private-equity firm founded in 2016 with a strategic partnership with Roland Berger for post-investment operational support; manages EUR 532M across two RB Capital France funds (RB Capital France 1 vintage 2019 EUR 217M + RB Capital France 2 vintage 2024 EUR 315M) targeting SMEs generating EUR 20-150M revenue with majority and control-minority stakes across Business Services, Healthcare, Distribution, TMT and Specialized Industries.

AUM

€532M

Funds

vintages 2019–2025

Portfolio

Exits

B & Capital is a Paris growth equity firm with €532M AUM, 12 active companies and 6 exits.

SectorsBusiness Services Healthcare Industrials Software Consumer

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 6 realized deals: 4 years.
·Top sector focus: Business Services (28% of portfolio).
·Fund cadence: ~6Y between vintages · last raise 2025.

Sector breakdown

18 companies

Business Services

5 · 28%

TMT

4 · 22%

Industrials

3 · 17%

Consumer

2 · 11%

Hospitality

1 · 6%

Mobility

1 · 6%

E-commerce

1 · 6%

HR Tech

1 · 6%

Key facts

HQParis, France

Founded2016

Websiteb-and-capital.com

Recent exits

B & Capital sold 123elec to Siparex Midcap in 2026 after 6 years.

B & Capital sold Nedap France to Solutys Group in 2025 after 6 years.

B & Capital sold Steliau Technology to Astorg in 2024 after 4 years.

B & Capital sold Deveryware to ChapsVision in 2022 after 1 year.

Coverage notes

2 funds tracked, 18 portfolio companies (12 active · 6 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

RB Capital France 2

Buyout2025€315M6 assets

Buyout

2025 · 1yr

€315M

–

Unrealized

6 held

Company	Entry
DWS Business Services · France	2025
Groupe Partir-Visiteurs Hospitality · France	2025
Hubency Industrials · France	2023
Humanskills Business Services · France	2024
Neoptim Consulting Business Services · France	2023
Soverep Mobility · France	2025

RB Capital France 1

Buyout2019€217M6 assets6 exits

Buyout

2019 · 7yr

€217M

Unrealized

6 held

Company	Entry
Be-Cloud TMT · France	2022
Galaed Consumer · France	2020
IKA TMT · France	2023
NextPool Industrials · France	2020
Seaport ODLM Consumer · France	2021
Sports Solutions Makers (Spartner) Business Services · France	2023

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
123elec E-commerce · France	2020	2026	Secondary	Siparex Midcap	–
Deveryware TMT · France	2021	2022	Trade Sale	ChapsVision	–
EVA Group Business Services · France	2018	2021	Trade Sale	Sopra Steria	–
HR Team HR Tech · France	2021	2022	Trade Sale	Scalian	–
Nedap France Industrials · France	2019	2025	Trade Sale	Solutys Group	–
Steliau Technology TMT · France	2020	2024	Secondary	Astorg	–

About B & Capital

B & Capital is a Paris-based independent French private equity firm with €532 million of assets under management, founded in 2016 with a strategic partnership with Roland Berger for post-investment operational support. The firm manages two RB Capital France funds providing French mid-cap LBO exposure with distinctive operational consulting partnership.

Investment thesis

B & Capital targets French mid-cap LBO transactions with equity ticket sizes typically ranging from €20 million to €80 million per transaction, focusing on profitable companies with strong management teams and operational improvement potential. The Roland Berger partnership distinguishes the platform with dedicated consulting support across due diligence, value-creation planning and operational implementation across the holding period. Sector focus spans TMT, Industrials and Consumer verticals.

Recent activity

Recent realised exits include 123elec (TMT, 2026), Nedap France (industrials, 2025) and Steliau Technology (TMT, 2024), reflecting active distribution across the French mid-cap portfolio. The platform tracks 2 funds, 9 active portfolio companies and 3 realised exits across the RB Capital France programme.

Frequently asked questions

What investment strategy does B & Capital focus on?: B & Capital focuses on Growth, Buyout strategies in the private equity space.
How many portfolio companies does B & Capital have?: B & Capital has 12 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.
Where is B & Capital headquartered?: B & Capital is headquartered in Paris, France.
What is B & Capital's assets under management?: B & Capital manages approximately €532M in assets under management.
When was B & Capital founded?: B & Capital was founded in 2016.
What sectors does B & Capital invest in?: B & Capital invests across Business Services, Healthcare, Industrials, Software, Consumer.
What are B & Capital's recent exits?: Recent realized exits by B & Capital include: 123elec (2026) to Siparex Midcap; Nedap France (2025) to Solutys Group; Steliau Technology (2024) to Astorg; Deveryware (2022) to ChapsVision; HR Team (2022) to Scalian; EVA Group (2021) to Sopra Steria.