Capital Export
Capital Export is an independent French private equity firm founded in 2011 and based in Lyon. It backs B2B SMEs and mid-sized companies with strong international growth potential, deploying flexible majority and minority equity tickets. The firm manages over EUR 300M in assets across multiple FCPR vehicles.
Capital Export is a LYON growth equity firm with 19 active companies and 7 exits.
- ·7 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 7 realized deals: 7 years.
- ·Top sector focus: Industrials (65% of portfolio).
- ·Fund cadence: ~4Y between vintages · last raise 2018.
Sector breakdown
26 companiesKey facts
Recent exits
Capital Export sold HPS International to MBO+ in 2024 after 7 years.
Capital Export sold 2B Environnement to Eurazeo Infrastructure in 2023 after 4 years.
Capital Export sold DSIA to proLogistik Group in 2023 after 3 years.
Capital Export sold Adeunis to Flexitron Group in 2023 after 9 years.
Coverage notes
2 funds tracked, 26 portfolio companies (19 active · 7 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Capital Export has raised, with its portfolio companies. Hand-checked from public filings.
Capital Export Fund IIIGrowth2018€160M16 assets2 exitsGrowth2018 · 8yr€160M162
Unrealized
16 held| Company | Entry |
|---|---|
| AA Group Industrials · France | 2025 |
| Acfri Industrials · France | 2022 |
| Cabi Group Industrials · France | 2020 |
| Fogale sensation Industrials · France | 2022 |
| Fogale Sensors Industrials · France | 2022 |
| Hydro Armor Industrials · France | 2024 |
| IMF International Industrials · France | 2024 |
| Proconect Industrials · France | 2020 |
| Proengin Aerospace & Defence · France | 2018 |
| Repack-S Industrials · France | 2019 |
| SBM MedTech · France | 2022 |
| SEAT Ventilation Industrials · France | 2022 |
| SFP Expansion EdTech · France | 2019 |
| Survision AI/ML · France | 2025 |
| Symétrie Industrials · France | 2025 |
| Verdot Industrials · France | 2021 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 2B Environnement Industrials · France | 2019 | 2023 | Secondary | Eurazeo Infrastructure | – |
| DSIA Software · France | 2020 | 2023 | Trade Sale | proLogistik Group | – |
Capital Export Fund IIHarvestingGrowth2014€100M3 assets5 exitsGrowth2014 · 12yr€100M35
Unrealized
3 held| Company | Entry |
|---|---|
| Celec Industrials · France | 2015 |
| Groupe CBM Industrials · France | 2014 |
| Netfective Technology Software · France | 2012 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Adeunis TMT · France | 2014 | 2023 | Trade Sale | Flexitron Group | – |
| France Elevateur Construction · France | 2014 | 2022 | Trade Sale | Time Manufacturing Company | – |
| HPS International Industrials · France | 2017 | 2024 | Secondary | MBO+ | – |
| Spengler MedTech · France | 2012 | 2021 | Secondary | Andera Partners | – |
| TGE Industrials · France | 2016 | 2022 | Trade Sale | MBCI Industries | – |
About Capital Export
Capital Export is an independent French private equity firm with €300 million of assets under management, founded in 2011 and headquartered in Lyon. The firm backs B2B SMEs and mid-sized companies with strong international growth potential, deploying flexible majority and minority equity tickets with the international expansion thematic focus distinguishing Capital Export from purely domestic-focused mid-cap peers.
Investment thesis
Capital Export targets French B2B SMEs and mid-cap companies with established profitability and international growth potential, deploying flexible majority and minority equity positions with tickets typically ranging from €10 million to €30 million per transaction. The international expansion thematic mandate enables Capital Export to specifically support portfolio companies through cross-border M&A, international sales channel development and geographic expansion programmes.
Recent activity
The platform tracks 2 funds and 25 active portfolio companies across the multi-vintage French B2B international expansion programme. The international growth thematic provides distinctive positioning relative to purely domestic French mid-cap peers.
Frequently asked questions
- What investment strategy does Capital Export focus on?
- Capital Export focuses on Growth, Buyout strategies in the private equity space.
- How many portfolio companies does Capital Export have?
- Capital Export has 19 active portfolio companies and 7 completed exits and 2 funds tracked on GP Intel.
- Where is Capital Export headquartered?
- Capital Export is headquartered in LYON, France.
- When was Capital Export founded?
- Capital Export was founded in 2011.
- What sectors does Capital Export invest in?
- Capital Export invests across Industrials, Business Services.
- What are Capital Export's recent exits?
- Recent realized exits by Capital Export include: HPS International (2024) to MBO+; 2B Environnement (2023) to Eurazeo Infrastructure; DSIA (2023) to proLogistik Group; Adeunis (2023) to Flexitron Group; France Elevateur (2022) to Time Manufacturing Company; TGE (2022) to MBCI Industries; Spengler (2021) to Andera Partners.
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