Sparring Capital is an independent Paris-based private equity firm founded in 2002, known as Pragma Capital until its April 2018 rebrand. It backs French small and lower-mid-market companies through two strategies: a Transmission buyout…Read full bio
4 funds tracked, 25 portfolio companies (17 active · 8 realized). Verified weekly from public filings and deal announcements.
Sparring Capital is an independent French private equity management company with €650 million of assets under management as of December 2024, founded in 2002 and headquartered in Paris. The firm invests in French SMEs, supporting their transformation and growth with a focus on operational excellence and management team partnership across multiple successive vintage funds.
Sparring Capital targets French SMEs and lower mid-cap companies, deploying growth equity and buyout capital with equity tickets typically ranging from €10 million to €40 million per transaction. Sector focus spans Business Services, Consumer, Industrials and Healthcare, with the platform emphasising operational excellence improvements and management team partnership across the holding period. The independent positioning aligns Sparring with French entrepreneurial management teams seeking patient capital.
Recent realised exits include Cubik (business services, 2026), Louis Tellier (consumer, 2026), Novakamp (industrials, 2026) and Praticima (healthcare, 2026), reflecting strong 2026 distribution momentum across multiple sectors. The platform tracks 5 funds, 11 active portfolio companies and 14 realised exits across the multi-vintage French SME programme. Detailed buyer names and multiple data available on Pro at €49/month.
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France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€6.0BFrance·€4.3BFree. No credit card. 30 seconds. Exit buyers and MOIC on Pro.
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