Hivest Capital Partners
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.
Key facts
Recent exits
Coverage notes
3 funds tracked, 20 portfolio companies (12 active · 8 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
20 companiesFunds & portfolio
Every fund Hivest Capital Partners has raised, with its portfolio companies. Hand-checked from public filings.
Hivest Capital Agora Makers Continuation FundBuyout2025 · 1yr2 active
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials |  France | 2025 | |
| Software |  UK | 2025 |
France· Entry 2025UK· Entry 2025Hivest IIBuyout2022 · 4yr€300M7 active · 2 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | France | 2023 | |
| Industrials | France | 2024 | |
| Consumer | France | 2023 | |
| Industrials |  Belgium | 2025 | |
| Healthcare |  US | 2024 | |
| Consumer | France | 2022 | |
| Consumer | France | 2024 |
France· Entry 2023France· Entry 2024France· Entry 2023Belgium· Entry 2025US· Entry 2024France· Entry 2022France· Entry 2024Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Industrials | France | 2022 | 2025 | Continuation Vehicle | – | ||
| Industrials | France | 2023 | 2026 | – | – |
Hivest IBuyoutRealized2017 · 9yr€120M3 active · 6 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | Estonia | 2017 | |
| Industrials | France | 2018 | |
| Logistics | France | 2021 |
France· Entry 2018France· Entry 2021Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Healthcare | France | 2020 | 2020 | Trade Sale | – | ||
| Industrials | France | 2017 | 2020 | Trade Sale | – | ||
| Software | France | 2020 | 2024 | Trade Sale | – | ||
| Industrials | France | 2021 | 2026 | Trade Sale | – | ||
| Consumer | France | 2018 | 2022 | Trade Sale | – | ||
| TMT | France | 2021 | 2025 | Trade Sale | – |
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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. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€800MGet the full picture on Hivest Capital Partners.
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