What investment strategy does Capitem Partenaires focus on?

Capitem Partenaires focuses on Growth, Buyout strategies in the private equity space.

How many portfolio companies does Capitem Partenaires have?

Capitem Partenaires has 16 active portfolio companies and 13 completed exits and 4 funds tracked on GP Intel.

Where is Capitem Partenaires headquartered?

Capitem Partenaires is headquartered in Lyon, France.

What is Capitem Partenaires's assets under management?

Capitem Partenaires manages approximately €135M in assets under management.

When was Capitem Partenaires founded?

Capitem Partenaires was founded in 2013.

What sectors does Capitem Partenaires invest in?

Capitem Partenaires invests across Industrials, Business Services, Consumer, Software, Healthcare, Energy.

What are Capitem Partenaires's recent exits?

Recent realized exits by Capitem Partenaires include: Aluthea (2026) to Leon Schoenke and Benoit Michelin (management); Maredoc (2025) to La Maison Tarbouriech; Arago (2024) to Calcium Capital; SLAT (2024) to IdiCo / Garibaldi Participations; Proxival (2023) to TrustTeam; Groupe Hisi (2022) to Constellation; Groupe Clinique Developpement (2020) to LNA Sante; Cortex (2019) to Athome (Naxicap Partners).

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Capitem Partenaires

Lyon, France·Founded 2013·

Growth Equity Buyout

·capitem.fr

Capitem Partenaires is an independent, entrepreneurial private equity firm based in Lyon, France, founded in 2013. It specializes in supporting profitable and growing SMEs in their development, buyout, and transmission operations, with funds raised totaling €135 million and managing investments across various sectors in France and Europe.

AUM

€135M

Funds

vintages 2013–2024

Portfolio

Exits

Capitem Partenaires is a Lyon growth equity firm with €135M AUM, 16 active companies and 13 exits.

SectorsIndustrials Business Services Consumer Software Healthcare Energy

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 12 realized deals: 4 years.
·Top sector focus: Industrials (31% of portfolio).
·Fund cadence: ~4Y between vintages · last raise 2024.

Sector breakdown

29 companies

Industrials

9 · 31%

Business Services

4 · 14%

Construction

3 · 10%

IT Services

3 · 10%

Hospitality

2 · 7%

Consumer

2 · 7%

Healthcare

2 · 7%

Logistics

1 · 3%

Key facts

HQLyon, France

Founded2013

Websitecapitem.fr

Recent exits

Capitem Partenaires sold Aluthea to Leon Schoenke and Benoit Michelin (management) in 2026 after 8 years.

Capitem Partenaires sold Maredoc to La Maison Tarbouriech in 2025 after 7 years.

Capitem Partenaires sold Arago to Calcium Capital in 2024 after 6 years.

Capitem Partenaires sold SLAT to IdiCo / Garibaldi Participations in 2024 after 5 years.

Coverage notes

4 funds tracked, 29 portfolio companies (16 active · 13 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Capitem Partenaires has raised, with its portfolio companies. Hand-checked from public filings.

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

FPCI Capitem 4

Buyout2024€35M4 assets

Buyout

2024 · 2yr

€35M

–

Unrealized

4 held

Company	Entry
Cylaos Industrials · France	2025
Groupe TDS Hospitality · France	2024
LWS Hospitality Hospitality · France	2025
Penet Construction · France	2025

FPCI Capitem 3Realized

Buyout2021€30M7 assets1 exits

Buyout

2021 · 5yr

€30M

Unrealized

7 held

Company	Entry
Aquilus Consumer · France	2021
DMR Services Industrials · France	2022
Groupe Blondel Logistics · France	2023
Oxysign Industrials · France	2022
Sodeprint Industrials · France	2023
Sofila Healthcare · France	2023
Suntec Industrials · France	2022

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Groupe Hisi TMT · France	2021	2022	Trade Sale	Constellation	–

FPCI Capitem 2

Buyout2018€40M3 assets6 exits

Buyout

2018 · 8yr

€40M

Unrealized

3 held

Company	Entry
Gaeau Industrials · France	2019
Halifax Consulting Business Services · France	2021
Shift Consulting Business Services · France	2018

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Aluthea Industrials · France	2018	2026	MBO	Leon Schoenke and Benoit Michelin (management)	–
Arago Deep Tech · France	2018	2024	Secondary	Calcium Capital	–
Cortex Business Services · France	2018	2019	Trade Sale	Athome (Naxicap Partners)	–
Maredoc Consumer · France	2018	2025	Trade Sale	La Maison Tarbouriech	–
MPI-Scaelec Industrials · France	2018	–	MBO	Joël Varaine	–
SLAT Construction · France	2019	2024	Secondary	IdiCo / Garibaldi Participations	–

FPCI Capitem 1

Buyout2013€30M2 assets6 exits

Buyout

2013 · 13yr

€30M

Unrealized

2 held

Company	Entry
Proson Business Services · France	2016
Verretubex Pharma · France	2014

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Groupe Clinique Developpement Healthcare · France	2017	2020	Trade Sale	LNA Sante	–
Legoupil Industrie Construction · France	2014	2018	Trade Sale	Groupe Treuil	–
Novencia IT Services · France	2015	2019	MBO	Arnaud Zilliox (founder-CEO)	–
Proxival IT Services · France	2017	2023	Trade Sale	TrustTeam	–
Securinfor IT Services · France	2016	2019	Secondary	Paluel-Marmont Capital	–
TGE Industrials · France	2014	2017	Secondary	Capital Export	–

About Capitem Partenaires

Capitem Partenaires is an independent French private equity firm with €135 million of assets under management, founded in 2013 and headquartered in Lyon. The firm specialises in supporting profitable and growing SMEs through development, buyout and transmission operations, with funds raised through institutional limited partner relationships across the multi-vintage track record.

Investment thesis

Capitem Partenaires targets profitable French SMEs across development capital, buyout and transmission scenarios, deploying equity tickets typically ranging from €3 million to €15 million per transaction. Sector focus spans Business Services, Industrials and selectively other French SME verticals, with the Lyon regional heritage providing deep banking and management team relationships across the Auvergne-Rhône-Alpes economy.

Recent activity

Recent realised exits include Groupe Hisi (TMT, 2024), reflecting selective distribution across the French SME portfolio. The platform tracks 2 funds, 4 active portfolio companies and 1 realised exit across the multi-vintage Lyon-based programme.

Frequently asked questions

What investment strategy does Capitem Partenaires focus on?: Capitem Partenaires focuses on Growth, Buyout strategies in the private equity space.
How many portfolio companies does Capitem Partenaires have?: Capitem Partenaires has 16 active portfolio companies and 13 completed exits and 4 funds tracked on GP Intel.
Where is Capitem Partenaires headquartered?: Capitem Partenaires is headquartered in Lyon, France.
What is Capitem Partenaires's assets under management?: Capitem Partenaires manages approximately €135M in assets under management.
When was Capitem Partenaires founded?: Capitem Partenaires was founded in 2013.
What sectors does Capitem Partenaires invest in?: Capitem Partenaires invests across Industrials, Business Services, Consumer, Software, Healthcare, Energy.
What are Capitem Partenaires's recent exits?: Recent realized exits by Capitem Partenaires include: Aluthea (2026) to Leon Schoenke and Benoit Michelin (management); Maredoc (2025) to La Maison Tarbouriech; Arago (2024) to Calcium Capital; SLAT (2024) to IdiCo / Garibaldi Participations; Proxival (2023) to TrustTeam; Groupe Hisi (2022) to Constellation; Groupe Clinique Developpement (2020) to LNA Sante; Cortex (2019) to Athome (Naxicap Partners).