What investment strategy does Hivest Capital Partners focus on?

Hivest Capital Partners focuses on Buyout, Growth strategies in the private equity space.

How many portfolio companies does Hivest Capital Partners have?

Hivest Capital Partners has 12 active portfolio companies and 8 completed exits and 3 funds tracked on GP Intel.

Where is Hivest Capital Partners headquartered?

Hivest Capital Partners is headquartered in Paris, France.

What is Hivest Capital Partners's assets under management?

Hivest Capital Partners manages approximately €900M in assets under management.

When was Hivest Capital Partners founded?

Hivest Capital Partners was founded in 2016.

What sectors does Hivest Capital Partners invest in?

Hivest Capital Partners invests across Industrials, Consumer, Healthcare, Software, TMT.

What are Hivest Capital Partners's recent exits?

Recent realized exits by Hivest Capital Partners include: Marchante (2026) to Northstar Capital Fund SCSp; FACE (2026) to Montefiore Investment; Agora Makers (2025) to Hivest Capital Agora Makers Continuation Fund; Videlio (2025) to Trevise Participations; Eowin (2024) to Eurazeo + Trocadero Capital Partners + Bpifrance; ST MAMET (2022) to Agromousquetaires; CRYOPDP (2020) to Cryoport; Ecore GDE (2020) to Derichebourg.

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Hivest Capital Partners

Paris, France·Founded 2016·

Buyout Growth Equity

·hivestcapital.com

Hivest Capital Partners is an independent French private equity firm founded in November 2016 in Paris by Axel Bonnassies and Cedric Lepee, approved by the Autorite des Marches Financiers under GP-16000033 (SIREN 823869979) and managing around EUR 900M as of 2026. The firm invests in French and European SMEs and mid-caps generating EUR 50M to EUR 500M in revenue across buyout and capital expansion transactions, operating through Hivest I (2017 EUR 120M), Hivest II (2022 EUR 300M hard cap) and a single-asset continuation fund raised in January 2025 around Agora Makers co-led by Patria and Committed Advisors. HQ 140 Boulevard Malesherbes 75017 Paris with 40 staff.

AUM

€900M

Funds

vintages 2017–2025

Portfolio

Exits

Hivest Capital Partners is a Paris buyout firm with €900M AUM, 12 active companies and 8 exits.

SectorsIndustrials Consumer Healthcare Software TMT

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 7 realized deals: 4 years.
·Top sector focus: Industrials (35% of portfolio).
·Fund cadence: ~4Y between vintages · last raise 2025.

Sector breakdown

20 companies

Industrials

7 · 35%

Consumer

4 · 20%

Software

2 · 10%

Healthcare

2 · 10%

Logistics

2 · 10%

Aerospace & Defence

1 · 5%

Construction

1 · 5%

TMT

1 · 5%

Geography breakdown

5 geographies

France

16 · 80%

1 · 5%

Belgium

1 · 5%

Estonia

1 · 5%

Key facts

HQParis, France

Founded2016

Websitehivestcapital.com

Recent exits

Hivest Capital Partners sold Marchante to Northstar Capital Fund SCSp in 2026 after 3 years.

Hivest Capital Partners sold FACE to Montefiore Investment in 2026 after 5 years.

Hivest Capital Partners sold Agora Makers to Hivest Capital Agora Makers Continuation Fund in 2025 after 3 years.

Hivest Capital Partners sold Videlio to Trevise Participations in 2025 after 4 years.

Coverage notes

3 funds tracked, 20 portfolio companies (12 active · 8 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Hivest Capital Agora Makers Continuation Fund

Buyout20252 assets

Buyout

2025 · 1yr

–

Unrealized

2 held

Company	Entry
Agora Makers Industrials · France	2025
CloudSphere Software · UK	2025

Hivest II

Buyout2022€300M7 assets2 exits

Buyout

2022 · 4yr

€300M

Unrealized

7 held

Company	Entry
CCE Group Aerospace & Defence · France	2023
Groupe Sphere Industrials · France	2024
Marie-Laure PLV Consumer · France	2023
Novasol Chemicals Industrials · Belgium	2025
NV Labs Healthcare · US	2024
Rail Europe Consumer · France	2022
Reunimer Consumer · France	2024

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Agora Makers Industrials · France	2022	2025	Continuation Vehicle	Hivest Capital Agora Makers Continuation Fund	–
Marchante Industrials · France	2023	2026	Secondary	Northstar Capital Fund SCSp	–

Hivest IRealized

Buyout2017€120M3 assets6 exits

Buyout

2017 · 9yr

€120M

Unrealized

3 held

Company	Entry
Aurightec Industrials · Estonia	2017
STG Logistics · France	2018
The Reefer Group Logistics · France	2021

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Cryopdp Healthcare · France	2020	2020	Trade Sale	Cryoport	–
Ecore GDE Industrials · France	2017	2020	Trade Sale	Derichebourg	–
Eowin Software · France	2020	2024	Trade Sale	Eurazeo + Trocadero Capital Partners + Bpifrance	–
FACE Construction · France	2021	2026	Trade Sale	Montefiore Investment	–
ST Mamet Consumer · France	2018	2022	Trade Sale	Agromousquetaires	–
Videlio TMT · France	2021	2025	Trade Sale	Trevise Participations	–

About Hivest Capital Partners

Hivest Capital Partners is a French private equity firm with €500 million of assets under management as of December 2024, headquartered in Paris. Founded in 2016, the firm focuses on buyout and growth equity investments in European mid-cap businesses across industrials, consumer, healthcare, business services and energy, deploying capital from successive flagship funds with institutional limited partner support.

Investment thesis

Hivest Capital Partners deploys buyout capital into European mid-cap and small-cap businesses across industrials, consumer, healthcare, business services and energy, targeting majority equity positions in profitable companies with clear value-creation runways. Investment focus emphasises operational improvement, selective bolt-on M&A acceleration and selective international expansion across France and selectively across Europe, with capital deployed from successive flagship funds backed by institutional limited partners.

Recent activity

Recent realised exits include Reunimer (diversified sectors, 2024), CCE Group (industrials, 2023) and ATLS (software, 2020). The platform tracks 3 fund vehicles, 18 active portfolio companies and 3 realised exits across the strategy's history.

Frequently asked questions

What investment strategy does Hivest Capital Partners focus on?: Hivest Capital Partners focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does Hivest Capital Partners have?: Hivest Capital Partners has 12 active portfolio companies and 8 completed exits and 3 funds tracked on GP Intel.
Where is Hivest Capital Partners headquartered?: Hivest Capital Partners is headquartered in Paris, France.
What is Hivest Capital Partners's assets under management?: Hivest Capital Partners manages approximately €900M in assets under management.
When was Hivest Capital Partners founded?: Hivest Capital Partners was founded in 2016.
What sectors does Hivest Capital Partners invest in?: Hivest Capital Partners invests across Industrials, Consumer, Healthcare, Software, TMT.
What are Hivest Capital Partners's recent exits?: Recent realized exits by Hivest Capital Partners include: Marchante (2026) to Northstar Capital Fund SCSp; FACE (2026) to Montefiore Investment; Agora Makers (2025) to Hivest Capital Agora Makers Continuation Fund; Videlio (2025) to Trevise Participations; Eowin (2024) to Eurazeo + Trocadero Capital Partners + Bpifrance; ST MAMET (2022) to Agromousquetaires; CRYOPDP (2020) to Cryoport; Ecore GDE (2020) to Derichebourg.