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B & Capital

B & Capital

Paris, France·Founded 2016··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
2
vintages 2019–2025
Portfolio
12
Exits
6
SectorsBusiness ServicesHealthcareIndustrialsSoftwareConsumer

Key facts

HQParis, France
Founded2016

Recent exits

123elec
TMT · 2026 · 6yr hold
Nedap France
Industrials · 2025 · 6yr hold
Steliau Technology
TMT · 2024 · 4yr hold
Deveryware
TMT · 2022 · 1yr hold

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
RB Capital France 2Buyout
2025 · 1yr€315M6 active

Unrealized

6 held
DWSActive
Business ServicesFrance· Entry 2025
ConsumerFrance· Entry 2025
HubencyActive
IndustrialsFrance· Entry 2023
Business ServicesFrance· Entry 2024
Business ServicesFrance· Entry 2023
SoverepActive
IndustrialsFrance· Entry 2025
RB Capital France 1Buyout
2019 · 7yr€217M6 active · 6 realized

Unrealized

6 held
Be-CloudActive
TMTFrance· Entry 2022
GalaedActive
ConsumerFrance· Entry 2020
IKAActive
TMTFrance· Entry 2023
NextPoolActive
ConsumerFrance· Entry 2020
ConsumerFrance· Entry 2021
Business ServicesFrance· Entry 2023

Realized

6 exits
123elecExited 2026
TMTFrance· Entry 2020
Secondaryto
DeverywareExited 2022
TMTFrance· Entry 2021
Trade Saleto
EVA GroupExited 2021
Business ServicesFrance· Entry 2018
Trade Saleto
HR TeamExited 2022
Business ServicesFrance· Entry 2021
Trade Saleto
Nedap FranceExited 2025
IndustrialsFrance· Entry 2019
Trade Saleto
TMTFrance· Entry 2020
Secondaryto
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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. Detailed buyer names and multiple data available on Pro at €29/month.

Last updated May 2026 · Sourced from public filings