MML Capital
MML Capital Partners is an international mid-market private equity firm founded in 1988, investing alongside management teams to provide growth capital for established but growing companies in Europe and the U.S. It manages around €2 billion in assets and focuses on tailored investments to support bold expansion plans.
MML Capital is a SAINT-PIERRE growth equity firm with €2.0B AUM, 42 active companies and 34 exits.
- ·11 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 33 realized deals: 4 years.
- ·Best return: 11.0x MOIC on Waystone (2021).
- ·Fund cadence: ~3Y between vintages · last raise 2025.
Sector breakdown
76 companiesGeography breakdown
11 geographiesKey facts
Recent exits
MML Capital sold INNOVU Insurance to Gallagher in 2026.
MML Capital exited Premier Modular in 2026 after 3 years.
MML Capital sold StoneTurn to Province in 2026 after 7 years.
MML Capital sold LV Overseas to MML Dorchester SCSp in 2025 after 3 years.
Coverage notes
9 funds tracked, 76 portfolio companies (42 active · 34 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund MML Capital has raised, with its portfolio companies. Hand-checked from public filings.
MML Dorchester SCSpActiveBuyout2025€630M0 assetsBuyout2025 · 1yr€630M0–
No portfolio companies tracked yet.
MML Growth Capital Partners Ireland Fund IIIinvestingGrowth2025€235M2 assets1 exitsGrowth2025 · 1yr€235M21
Unrealized
2 held| Company | Entry |
|---|---|
| Medserv HealthTech · Ireland | 2026 |
| Mitchell McDermott Business Services · Ireland | 2025 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| INNOVU Insurance | – | 2026 | Trade Sale | Gallagher | – |
MML Keystone IinvestingGrowth2025€935M14 assets1 exitsGrowth2025 · 1yr€935M141
Unrealized
14 held| Company | Entry |
|---|---|
| Coptersafety Education · Finland | 2026 |
| EisnerAmper Ireland Republic of Ireland | 2025 |
| Evaaro ClimateTech · UK | 2025 |
| IFOS Group Real Estate · United Kingdom | 2026 |
| Innopharma Education & Technical Services Republic of Ireland | 2023 |
| Lowe ClimateTech · UK | 2025 |
| LVO Groupe Industrials · France | 2025 |
| Mail Metrics Republic of Ireland | 2025 |
| Mainport Shipping Logistics · Republic of Ireland | 2023 |
| Standard Control Systems Republic of Ireland | 2024 |
| Travel Department Hospitality · Republic of Ireland | 2018 |
| Virginia International Logistics Logistics · Republic of Ireland | 2022 |
| Vyta United Kingdom | 2022 |
| Waste Vision TMT · Netherlands | 2024 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Premier Modular Construction · UK | 2023 | 2026 | Recapitalization | – | – |
MML EnterpriseinvestingGrowth2023€175M5 assetsGrowth2023 · 3yr€175M5–
Unrealized
5 held| Company | Entry |
|---|---|
| Cosegic Financials · UK | 2024 |
| Kickmaker Business Services · France | 2023 |
| QBS Technology Group TMT · UK | 2024 |
| Rewire TMT · UK | 2023 |
| RSBP Industrials · Netherlands | 2024 |
MML Partnership CapitalinvestingBuyout2023€1.0B9 assets2 exitsBuyout2023 · 3yr€1.0B92
Unrealized
9 held| Company | Entry |
|---|---|
| Dalcour Maclaren United Kingdom | 2026 |
| Freeland HR Tech · France | 2023 |
| Mourant Jersey | 2026 |
| RAVL Business Services · US | 2025 |
| RSE Real Estate · UK | 2023 |
| RTM Engineering Consultants Business Services · US | 2026 |
| SC Pack Industrials · France | 2024 |
| TMC Business Services · Netherlands | 2024 |
| Veezu TMT · UK | 2024 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Arηs TMT · Belgium | 2023 | 2024 | Trade Sale | Accenture | – |
| LV Overseas Logistics · France | 2022 | 2025 | Continuation Vehicle | MML Dorchester SCSp | – |
MML Capital Partners Fund VIIdivestingBuyout2017€670M11 assets6 exitsBuyout2017 · 9yr€670M116
Unrealized
11 held| Company | Entry |
|---|---|
| ARO Business Services · UK | 2020 |
| Arrow Business Communications IT Services · UK | 2020 |
| BSN Social Care Healthcare · UK | 2021 |
| GDI Industrials · UK | 2021 |
| OnPoint Industrials · US | 2022 |
| ParkingEye United Kingdom | 2018 |
| Roboyo TMT · Germany | 2020 |
| Rouse Business Services · UK | 2022 |
| Spencer Ogden Business Services · UK | 2020 |
| Western Global Industrials · US | 2021 |
| Zanders Business Services · Netherlands | 2021 |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Altius TMT · Belgium | 2019 | 2020 | Trade Sale | Avanade | – |
| GPS ClimateTech · UK | 2022 | 2025 | Recapitalization | – | – |
| Gravotech Industrials · France | 2018 | 2024 | Trade Sale | Brady Corporation | – |
| PoweredByPie TMT · UK | 2017 | 2020 | Trade Sale | Dye & Durham | – |
| StoneTurn Business Services · US | 2019 | 2026 | Trade Sale | Province | – |
| Waystone Fintech · Ireland | 2020 | 2021 | Trade Sale | Montagu + Hg Capital | 11.0x |
MML Capital Partners Fund VIdivestingBuyout2015€438M0 assets2 exitsBuyout2015 · 11yr€438M02
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Iqarus Healthcare · UK | 2015 | 2019 | Trade Sale | International SOS | – |
| Tournus Equipement Industrials · France | 2016 | 2019 | Secondary | ActoMezz | – |
MML Capital Partners Fund VdivestingBuyout2012€430M1 assets14 exitsBuyout2012 · 14yr€430M114
Unrealized
1 held| Company | Entry |
|---|---|
| SVP Business Services · UK | 2016 |
Realized
14 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Apache Industrial Services Industrials · US | 2013 | 2017 | Trade Sale | Quantum Capital (Toronto) | – |
| Arena Group Business Services · UK | 2012 | 2017 | IPO | – | – |
| ATA Group Industrials · Ireland | 2012 | 2016 | MBO | Management | – |
| Banner Consumer · UK | 2015 | 2021 | Secondary | CBPE Capital | – |
| CH&Co Hospitality · UK | 2015 | 2019 | Secondary | Equistone Partners Europe | – |
| Clean Linen Services Business Services · UK | 2014 | 2018 | Trade Sale | Alsco | – |
| Instant Offices Business Services · UK | 2013 | 2018 | Secondary | Bowmark Capital | – |
| Learning Curve Group Education · UK | 2015 | 2022 | Trade Sale | Agilitas Private Equity | 3.0x |
| Lomond Real Estate · UK | 2014 | 2021 | Secondary | Linley & Simpson | – |
| Luneau Technology Healthcare · France | 2015 | 2019 | Trade Sale | Caravelle | 2.1x |
| Nactis Flavours Consumer · France | 2014 | 2020 | Trade Sale | AromataGroup | – |
| Optionis Business Services · UK | 2014 | 2017 | Secondary | Arkarius Group | – |
| Universal Plant Services Industrials · US | 2016 | 2020 | Trade Sale | Oaktree Capital Management | – |
| VIP Cinema Seating Industrials · US | 2014 | 2017 | Trade Sale | H.I.G. Capital | 5.5x |
MML Capital Partners Fund IVRealizedMezzanine20050 assets8 exitsMezzanine2005 · 21yr–08
Realized
8 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Carre Blanc Consumer · France | 2007 | 2013 | Secondary | NiXen Partners | – |
| Coventya Industrials · France | 2006 | 2011 | Secondary | Barclays Private Equity | – |
| FrontierMEDEX Healthcare · US | 2010 | 2011 | Trade Sale | UnitedHealth Group | – |
| PaR Systems Industrials · US | 2008 | 2017 | Trade Sale | Pohlad family | – |
| Precision Valve Industrials · US | 2011 | 2017 | Secondary | Peak Rock Capital | – |
| Regard Healthcare · UK | 2007 | 2014 | Secondary | Montreux Healthcare Fund | – |
| TNT Crane & Rigging Industrials · US | 2007 | 2011 | Secondary | Odyssey Investment Partners | – |
| Vulcanic Industrials · France | 2006 | 2011 | Secondary | Abenex | – |
About MML Capital
MML Capital Partners is an international mid-market private equity firm with €2 billion of assets under management as of December 2024, founded in 1988 with offices in London, Paris, New York and Connecticut. The firm invests alongside management teams to provide growth capital for established but growing companies across Europe and the United States, with a multi-decade track record of mid-market transactions in both transatlantic markets.
Investment thesis
MML Capital targets European and US mid-market companies seeking growth capital, deploying equity tickets typically ranging from €20 million to €100 million per transaction. Sector focus spans TMT, Industrials, Business Services, Healthcare, Education and Financials, with the transatlantic platform enabling deal sourcing across primary buyout markets in both Europe and the US. The firm emphasises growth-oriented partnerships with management teams over five to seven year holding periods.
Recent activity
Recent realised exits include StoneTurn (business services, 2026), Arηs (TMT, 2024), Gravotech (industrials, 2024) and Learning Curve Group (education, 2022), reflecting active distribution across multiple sectors. The platform tracks 5 funds, 29 active portfolio companies and 11 realised exits across a multi-decade transatlantic track record.
Frequently asked questions
- What investment strategy does MML Capital focus on?
- MML Capital focuses on Growth, Buyout strategies in the private equity space.
- How many portfolio companies does MML Capital have?
- MML Capital has 42 active portfolio companies and 34 completed exits and 9 funds tracked on GP Intel.
- Where is MML Capital headquartered?
- MML Capital is headquartered in SAINT-PIERRE, France.
- What is MML Capital's assets under management?
- MML Capital manages approximately €2.0B in assets under management.
- When was MML Capital founded?
- MML Capital was founded in 2019.
- What sectors does MML Capital invest in?
- MML Capital invests across Industrials, Business Services, Financials, Software.
- What are MML Capital's recent exits?
- Recent realized exits by MML Capital include: INNOVU Insurance (2026) to Gallagher; StoneTurn (2026) to Province; LV Overseas (2025) to MML Dorchester SCSp; Arηs (2024) to Accenture; Gravotech (2024) to Brady Corporation; Learning Curve Group (2022) to Agilitas Private Equity, 3.0x; Waystone (2021) to Montagu + Hg Capital, 11.0x; Banner (2021) to CBPE Capital.
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