Capelia
Capelia is a Lyon-based independent private equity firm founded in October 2008 by five entrepreneur-founders: Louis Veyret (President and Managing Partner), Jean-Christophe Fayard, Richard Suscillon, Xavier Levesy and Stéphane Gay. AMF-regulated under GP-16000001 since January 2012, the firm operates a 100 percent entrepreneurs' fund model in which natural-person entrepreneurs serve as LPs, growing from more than 30 subscribers in Capelia V to 75 in Capelia VI. Headquartered in Lyon with offices in Lille since March 2021 and Paris since September 2024, the team numbers around 13 staff including 6 associates. AUM exceeds EUR 155M across active vintages: Capelia V (final close of EUR 55M in March 2021), Capelia Impact (launched 2022, Article 6 SFDR) and Capelia VI (EUR 100M final close in September 2024, raised in under 3 months with 25 new entrepreneurs). The firm targets profitable French SMEs with EBITDA above EUR 1M and enterprise values of EUR 5M to 50M, taking minority or majority stakes in transmission and development deals with tickets of EUR 2-12M across all sectors, France only. Notable exits include ERE (Entreprise Redonnaise d'Electricite, partial sale to LBO France Secondary in 2025 with Capelia retaining a minority stake) and 123 Elec (tertiary LBO with Siparex Midcap in January 2026).
Capelia is a Lyon buyout firm with €155M AUM, 38 active companies and 4 exits.
- ·4 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 4 realized deals: 6 years.
- ·Top sector focus: Industrials (43% of portfolio).
Sector breakdown
42 companiesGeography breakdown
2 geographiesKey facts
Recent exits
Capelia sold 123elec to Siparex Midcap + co-investors in 2026 after 6 years.
Capelia sold Everest to Batibig in 2026 after 9 years.
Capelia sold ERE to LBO France in 2025 after 3 years.
Capelia sold YMAG to Septeo in 2024 after 6 years.
Coverage notes
3 funds tracked, 42 portfolio companies (38 active · 4 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Capelia has raised, with its portfolio companies. Hand-checked from public filings.
Capelia VI FundBuyout2024€100M14 assets1 exitsBuyout2024 · 2yr€100M141
Unrealized
14 held| Company | Entry |
|---|---|
| Absys IT Services · France | 2023 |
| Antinea Industrials · France | 2023 |
| Arnest Industrials · France | 2025 |
| Blackandgold Telecom · France | 2024 |
| BT Power Industrials · France | 2025 |
| Deguisetoi Consumer · France | 2023 |
| Handishare Business Services · France | 2024 |
| Hera Distillerie GUY Consumer · France | 2023 |
| Joint Dual Industrials · France | 2023 |
| Ledperf Industrials · France | 2023 |
| Praxy DÉVELOPPEMENT Business Services · France | 2024 |
| Resma Industrials · France | 2023 |
| Snic Technologies Industrials · France | 2025 |
| Weepackup Industrials · France | 2024 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| ERE Energy · France | 2022 | 2025 | Secondary | LBO France | – |
Capelia Fund VBuyout2021€55M23 assets3 exitsBuyout2021 · 5yr€55M233
Unrealized
23 held| Company | Entry |
|---|---|
| 10 Doigts Consumer · France | 2020 |
| 4B Distrib Consumer · France | 2019 |
| AIGA IT Services · France | 2019 |
| Brevet Carrosserie Industrials · France | 2020 |
| CIA Industrials · France | 2019 |
| DPIA Industrials · France | 2019 |
| DPIA Colaert Industrials · Valence, Auvergne-Rhône-Alpes, France | 2022 |
| EDA Industrials · France | 2018 |
| EGL / CARTOSPÉ Industrials · France | 2023 |
| Elora Consumer · France | 2020 |
| Groupe ALMA Industrials · France | 2019 |
| Groupe SBTX Industrials · France | 2020 |
| Lantana Consumer · France | 2020 |
| LE Comptoir DE Mathilde Consumer · France | 2016 |
| LES Bougies DE Charroux Consumer · France | 2021 |
| MIDITRAÇAGE Industrials · France | 2019 |
| Mieko Consumer · France | 2020 |
| Mobilis Consumer · France | 2018 |
| Morue France Cuisine Consumer · France | 2020 |
| Safar Industrials · France | 2020 |
| SPI Group Consumer · France | 2020 |
| STG Logistics · France | 2019 |
| Sveltus Consumer · France | 2020 |
Capelia Fund IRealizedBuyout2008€10M1 assetsBuyout2008 · 18yr€10M1–
Unrealized
1 held| Company | Entry |
|---|---|
| EPSA Business Services · France | 2010 |
About Capelia
Capelia is a private equity firm with capital deployed across 5 active fund vehicles and a founding year of 2026, headquartered in Paris. The platform targets majority and significant minority stakes in European mid-cap businesses across consumer, healthcare, business services and industrials, deploying institutional capital from successive flagship vehicles.
Investment thesis
The platform deploys buyout and growth equity capital across consumer, healthcare, business services and industrials businesses in France and selectively across Europe, targeting majority and significant minority equity positions in mid-cap and lower mid-cap European companies. Value-creation framework emphasises operational improvement, working capital optimisation and selective M&A activity, with the partnership culture supporting management teams across multi-year ownership periods.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 5 fund vehicles, 41 active portfolio companies and 0 realised exits across the strategy's history.
Frequently asked questions
- What investment strategy does Capelia focus on?
- Capelia focuses on Buyout, Growth strategies in the private equity space.
- How many portfolio companies does Capelia have?
- Capelia has 38 active portfolio companies and 4 completed exits and 3 funds tracked on GP Intel.
- Where is Capelia headquartered?
- Capelia is headquartered in Lyon, France.
- What is Capelia's assets under management?
- Capelia manages approximately €155M in assets under management.
- When was Capelia founded?
- Capelia was founded in 2008.
- What sectors does Capelia invest in?
- Capelia invests across Industrials, Consumer, Software, Healthcare, Business Services, TMT, Energy.
- What are Capelia's recent exits?
- Recent realized exits by Capelia include: 123ELEC (2026) to Siparex Midcap + co-investors; EVEREST (2026) to Batibig; ERE (2025) to LBO France; YMAG (2024) to Septeo.
Similar firms
Other private equity firms tracked on GP Intel.