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M Capital

M Capital

PARIS, France·Founded 2018··mcapital.fr

M Capital is a leading French private investment firm with over 635 million euros in assets under management, specializing in private equity, venture capital, real estate, and private debt. Founded over 20 years ago, it focuses on supporting SMEs and impactful entrepreneurial projects across France with a responsible investment approach.

AUM
€635M
Funds
4
vintages 2010–2021
Portfolio
36
Exits
7

M Capital is a PARIS venture capital firm with €635M AUM, 36 active companies and 7 exits.

Key takeaways
  • ·4 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 7 realized deals: 7 years.
  • ·Best return: 2.0x MOIC on Vexim (2017).
  • ·Top sector focus: Hospitality (30% of portfolio).
  • ·Fund cadence: ~4Y between vintages · last raise 2021.

Sector breakdown

43 companies
Hospitality
13 · 30%
Consumer
6 · 14%
TMT
3 · 7%
MedTech
3 · 7%
Healthcare
2 · 5%
Biotech
2 · 5%
Mobility
2 · 5%
Industrials
2 · 5%

Geography breakdown

3 geographies
France
41 · 95%
Thailand
1 · 2%
Saudi Arabia
1 · 2%

Key facts

HQPARIS, France
Founded2018

Recent exits

SchoolMouv

M Capital sold SchoolMouv to Sofatutor in 2026 after 8 years.

Robocath

M Capital sold Robocath to Stereotaxis in 2026 after 9 years.

M Capital sold VIMS to Zimmer Biomet in 2024 after 16 years.

Cyclable

M Capital sold Cyclable to Calcium Capital in 2022 after 6 years.

Coverage notes

4 funds tracked, 43 portfolio companies (36 active · 7 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

4 funds
Fonds Tourisme Cote d'Azurharvesting
Private Debt2021€45M4 assets

Unrealized

4 held
CompanyEntry
Collection Rivages
Hospitality · France
2023
Evera
ClimateTech · France
2022
HD
Healthcare · Thailand
2023
L'Escale Royale
Hospitality · France
2023
Fonds Tourisme Occitanieharvesting
Private Debt2019€101M9 assets1 exits

Unrealized

9 held
CompanyEntry
Camping Lac de Thoux
Hospitality · France
2020
Camping Le Ventoulou
Hospitality · France
2021
Cottage Parks
Hospitality · France
2020
Domaine Lacs de Gascogne
Hospitality · France
2021
EcoZonia
Hospitality · France
2021
Frenzy Palace
Hospitality · France
2021
Hôtel Cannes Centre Univers
Hospitality · France
2019
Station du Grand Tourmalet
Hospitality · France
2020
Up 2 Play
Hospitality · France
2020

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
SchoolMouv
EdTech · France
20182026Trade SaleSofatutor–
M Capital Venturedivesting
VC2015€200M11 assets2 exits

Unrealized

11 held
CompanyEntry
Adveez
TMT · France
2020
Agronutris
AgTech · France
2020
Ascendance Flight Technologies
Aerospace & Defence · France
2023
Captain Wallet
TMT · France
2019
Cell-Easy
Biotech · France
2020
Dionymer
Biotech · France
2026
Front Commerce
E-commerce · France
2021
Hakbah
Fintech · Saudi Arabia
2024
Pangee
SaaS · France
2019
Qualitadd
Data & Analytics · France
2018
Therapixel
HealthTech · France
2018

Realized

2 exits
CompanyEntryExitTypeBuyerMOIC
Avis Vérifiés
TMT · France
20142019Trade SaleProvidence Strategic Growth–
Robocath
MedTech · France
20172026Trade SaleStereotaxis–
M Capital Capital Développementdivesting
Buyout2010€200M12 assets4 exits

Unrealized

12 held
CompanyEntry
Actia Groupe
Mobility · France
2018
Alsatis
Telecom · France
2019
Alsei
Industrials · France
2019
Ami Bois
Consumer · France
2018
Amisco
Industrials · France
2020
Asphalte
Consumer · France
2023
Bagelstein
Hospitality · France
2017
LivinParis
Hospitality · France
2019
Nysa
Consumer · France
2019
Savimex
Mobility · France
2018
The Sanctuary Group
Consumer · France
2023
Vertical'Art
Consumer · France
2019

Realized

4 exits
CompanyEntryExitTypeBuyerMOIC
Cyclable
Consumer · France
20162022SecondaryCalcium Capital–
Groupe Omega
Healthcare · France
20112016SecondarySiparex Intermezzo and GSO Capital–
Vexim
MedTech · France
20142017Trade SaleStryker2.0x
VIMS
MedTech · France
20082024Trade SaleZimmer Biomet–

About M Capital

M Capital is a leading French private investment firm with over €635 million of assets under management, specialising in private equity, venture capital, real estate and private debt strategies. Founded over a decade ago and headquartered in Paris, the firm operates as a multi-strategy platform providing diversified French alternative investment exposure across distinct return profiles and asset classes.

Investment thesis

M Capital deploys across four complementary strategies: private equity (mid-cap LBO and growth), venture capital (early-stage), real estate (selective French positions) and private debt (mezzanine and unitranche financing). Sector focus across the PE strategy spans the broad coverage typical of multi-strategy platforms, with equity ticket sizes varying significantly by strategy from venture-stage early commitments through to mid-cap PE and dedicated real estate or debt positions.

Recent activity

The platform tracks 3 funds and 24 active portfolio companies across the multi-strategy programme. The diversified strategy mix enables ongoing capital deployment across multiple distinct return profiles depending on transaction structure and stage requirements.

Frequently asked questions

What investment strategy does M Capital focus on?
M Capital focuses on VC, Growth, Buyout strategies in the private equity space.
How many portfolio companies does M Capital have?
M Capital has 36 active portfolio companies and 7 completed exits and 4 funds tracked on GP Intel.
Where is M Capital headquartered?
M Capital is headquartered in PARIS, France.
What is M Capital's assets under management?
M Capital manages approximately €635M in assets under management.
When was M Capital founded?
M Capital was founded in 2018.
What sectors does M Capital invest in?
M Capital invests across Business Services, Consumer, Healthcare, Software, Industrials.
What are M Capital's recent exits?
Recent realized exits by M Capital include: SchoolMouv (2026) to Sofatutor; Robocath (2026) to Stereotaxis; VIMS (2024) to Zimmer Biomet; Cyclable (2022) to Calcium Capital; Avis Vérifiés (2019) to Providence Strategic Growth; Vexim (2017) to Stryker, 2.0x; Groupe Omega (2016) to Siparex Intermezzo and GSO Capital.
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Last updated July 2026 · Sourced from public filings · Report an issue