Capelia

Lyon, France·Founded 2008·

BuyoutGrowth Equity

·capelia.net

Capelia is a Lyon-based independent private equity firm founded in October 2008 by five entrepreneur-founders Louis Veyret (President Managing Partner) + Jean-Christophe Fayard + Richard Suscillon + Xavier Levesy + Stéphane Gay. AMF-regulated under GP-16000001 since January 2012, the firm operates the unique 100 percent entrepreneurs' fund model where natural-person entrepreneurs serve as LPs (75 entrepreneur-subscribers in Capelia VI scaled from 30 plus in Capelia V). SIREN 750343758 SAS Capelia Management with capital EUR 643K headquartered at Campus Verrazzano 69009 Lyon plus offices in Lille (since March 2021) and Paris (since September 2024). Team of approximately 13 staff including 6 associates. AUM EUR 155M plus across active vintages: Capelia V (2021 EUR 55M final close March 2021) + Capelia Impact (2022 Article 6 SFDR launch) + Capelia VI (2024 EUR 100M final close September 2024 in less than 3 months with 25 new entrepreneurs). Investment thesis: profitable French SMEs with EBE EUR 1M plus + enterprise value EUR 5M-50M + minority or majority transmission/development + ticket EUR 2-12M across all sectors France-only. Notable exits include ERE (Entreprise Redonnaise d'Electricite 2025 LBO France Secondary partial Capelia retained minority) and 123 Elec (2026 January Siparex Midcap LBO ter Secondary cross-poll Siparex). 12th instance entrepreneurs'-fund variant (Pléiade Investissement + GEI Poincaré + Galion.exe + Capelia pattern).