What investment strategy does Cobepa focus on?

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

How many portfolio companies does Cobepa have?

Cobepa has 25 active portfolio companies and 16 completed exits and 1 fund tracked on GP Intel.

Where is Cobepa headquartered?

Cobepa is headquartered in Brussels, Belgium.

What is Cobepa's assets under management?

Cobepa manages approximately €5.5B in assets under management.

What are Cobepa's recent exits?

Recent realized exits by Cobepa include: Climater (2025) to Intermediate Capital Group; Degroof Petercam (2024) to Indosuez Wealth Management; Scalian (2023) to Wendel; Hillebrand Group (2022) to Deutsche Post DHL Group; Babilou (2020) to Antin Infrastructure Partners; Carrieres du Hainaut (2019) to SigmaRoc; Staci (2019) to Ardian; Exclusive Networks (2018) to Permira.

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Cobepa

Brussels, Belgium·Founded 1957·

Buyout Growth Equity

·cobepa.com

Cobepa is an independent Belgian investment holding company founded in 1957 and headquartered in Brussels, with additional offices in Munich and New York. It invests its own permanent capital on an evergreen basis across growth-capital minority stakes and leveraged buyouts, writing equity tickets of EUR 50 to 300 million in established companies in industrials, business services, consumer, financial services and healthcare. As of 2025 it managed over EUR 5.5 billion of net asset value across roughly twenty portfolio companies in Europe and North America.

AUM

€5.5B

Funds

vintages 2004

Portfolio

Exits

Cobepa is a Brussels buyout firm with €5.5B AUM, 25 active companies and 16 exits.

SectorsIndustrials Business Services Consumer Financials Healthcare TMT

Key takeaways

·4 exits in the last 5 years · consistent DPI cadence.
·Average hold across 16 realized deals: 9 years.
·Top sector focus: Business Services (27% of portfolio).

Sector breakdown

41 companies

Business Services

11 · 27%

Consumer

6 · 15%

Industrials

4 · 10%

Construction

3 · 7%

Healthcare

3 · 7%

TMT

2 · 5%

Financials

2 · 5%

Logistics

2 · 5%

Geography breakdown

10 geographies

France

12 · 29%

Belgium

9 · 22%

8 · 20%

Netherlands

3 · 7%

2 · 5%

Italy

2 · 5%

Germany

2 · 5%

Singapore

1 · 2%

Key facts

HQBrussels, Belgium

Founded1957

Websitecobepa.com

Recent exits

Cobepa sold Climater to Intermediate Capital Group in 2025 after 3 years.

Cobepa sold Degroof Petercam to Indosuez Wealth Management in 2024 after 15 years.

Cobepa sold Scalian to Wendel in 2023 after 4 years.

Cobepa sold Hillebrand Group to Deutsche Post DHL Group in 2022 after 16 years.

Coverage notes

1 fund tracked, 41 portfolio companies (25 active · 16 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Cobepa

Evergreen2004€5.5B25 assets16 exits

Evergreen

2004 · 22yr

€5.5B

Unrealized

25 held

Company	Entry
Ascentiel TMT · France	2024
Ascentiel Groupe InsurTech · France	2024
BioAgilytix Biotech · US	2018
Carmeuse Industrials · Belgium	2005
Corsearch TMT · UK	2021
Crealis Industrials · Italy	2019
Eagle Fire Business Services · US	2025
Easyfairs Business Services · Belgium	2024
Gen II Fintech · US	2017
Gerflor Construction · France	2020
Heartland Home Services Consumer · US	2020
HG International Consumer · Netherlands	2017
International SOS HealthTech · Singapore	2007
Itineris SaaS · Belgium	2025
Le Pain Quotidien Hospitality · Belgium	2016
Ned's Home Consumer · US	2022
PrecisionMSK Healthcare · US	2020
Princess Yachts Consumer · UK	2008
Prosol Consumer · France	2026
Reaction Biology Healthcare · US	2022
Salice Industrials · Italy	2022
SAX Business Services · US	2025
SmartSD Business Services · Netherlands	2024
Socotec Business Services · France	2013
Van Oord Construction · Netherlands	2011

Realized

16 exits

Company	Entry	Exit	Type	Buyer	MOIC
Babilou Education · France	2013	2020	Secondary	Antin Infrastructure Partners	–
Belron Mobility · Belgium	1999	2009	Trade Sale	D'Ieteren	–
Carrieres du Hainaut Construction · Belgium	2005	2019	Trade Sale	SigmaRoc	–
Climater Business Services · France	2022	2025	Secondary	Intermediate Capital Group	–
D'Ieteren Business Services · Belgium	1994	2014	–	–	–
d&b audiotechnik Industrials · Germany	2011	2016	Secondary	Ardian	–
Degroof Petercam Financials · Belgium	2009	2024	Trade Sale	Indosuez Wealth Management	–
Exclusive Networks Business Services · France	2015	2018	Secondary	Permira	–
Faceo Business Services · France	2007	2010	Trade Sale	Vinci	–
Hillebrand Group Logistics · Germany	2006	2022	Trade Sale	Deutsche Post DHL Group	–
Novescia Healthcare · France	2010	2015	Trade Sale	Cerba	–
Scalian Business Services · France	2019	2023	Secondary	Wendel	–
SGG Financials · Luxembourg	2010	2016	Secondary	Astorg	–
Staci Logistics · France	2017	2019	Secondary	Ardian	–
Technomarine Consumer · Switzerland	2007	2013	MBO	Management buyout	–
Zetes Business Services · Belgium	1998	2017	Trade Sale	Panasonic	–

Frequently asked questions

What investment strategy does Cobepa focus on?: Cobepa focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does Cobepa have?: Cobepa has 25 active portfolio companies and 16 completed exits and 1 fund tracked on GP Intel.
Where is Cobepa headquartered?: Cobepa is headquartered in Brussels, Belgium.
What is Cobepa's assets under management?: Cobepa manages approximately €5.5B in assets under management.
When was Cobepa founded?: Cobepa was founded in 1957.
What sectors does Cobepa invest in?: Cobepa invests across Industrials, Business Services, Consumer, Financials, Healthcare, TMT.
What are Cobepa's recent exits?: Recent realized exits by Cobepa include: Climater (2025) to Intermediate Capital Group; Degroof Petercam (2024) to Indosuez Wealth Management; Scalian (2023) to Wendel; Hillebrand Group (2022) to Deutsche Post DHL Group; Babilou (2020) to Antin Infrastructure Partners; Carrieres du Hainaut (2019) to SigmaRoc; Staci (2019) to Ardian; Exclusive Networks (2018) to Permira.