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TRAIL

TRAIL

SAINT-MEDARD-EN-JALLES, France·Founded 2022··trailcapital.eu

Trail Capital is a French private equity firm founded in 2007, focused on supporting high-performing small and mid-sized European companies to scale in size, scope, and international reach. The firm manages over €750 million in capital and operates with a hands-on approach alongside management teams.

AUM
€1.0B
Funds
5
vintages 2007–2026
Portfolio
10
Exits
11
SectorsConsumerBusiness ServicesIndustrials

Key facts

HQSAINT-MEDARD-EN-JALLES, France
Founded2022

Recent exits

LVO Groupe
Industrials · 2025 · 4yr hold
Menixgroup
Healthcare · 2024 · 10yr hold
Cabaia
Consumer · 2023 · 5yr hold
Buffet Crampon
Consumer · 2023 · 11yr hold

Coverage notes

5 funds tracked, 21 portfolio companies (10 active · 11 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

5 funds
WELLGrowth
2026 · 0yr0 active

No portfolio companies tracked yet.

SLAM Private Investors FundBuyout
2021 · 5yr€100M3 active

Unrealized

3 held
Ares MMAActive
ConsumerFrance· Entry 2024
MarcadéActive
Business ServicesFrance· Entry 2025
Tech3Active
ConsumerFrance· Entry 2025
TRAIL Core Equity Partners FundBuyout
2019 · 7yr€350M4 active · 1 realized

Unrealized

4 held
ConsumerMonaco· Entry 2019
BreitlingActive
ConsumerSwitzerland· Entry 2023
WELLAActive
ConsumerGermany· Entry 2022
ZooplusActive
ConsumerGermany· Entry 2021

Realized

1 exit
CabaiaExited 2023
ConsumerFrance· Entry 2018
Secondaryto
Value TRAILGrowth
2019 · 7yr€200M1 active · 1 realized

Unrealized

1 held
IndustrialsFrance· Entry 2019

Realized

1 exit
LVO GroupeExited 2025
IndustrialsFrance· Entry 2021
Trade Sale
Fondations Capital IBuyout
2007 · 19yr€380M2 active · 9 realized

Unrealized

2 held
SepurActive
IndustrialsFrance· Entry 2012
SUPERBIENActive
TMTFrance· Entry 2024

Realized

9 exits
AMSExited 2015
HealthcareFrance· Entry 2011
Trade Saleto
ArmatisExited 2016
Business ServicesFrance· Entry 2013
Trade Saleto
Buffet CramponExited 2023
ConsumerFrance· Entry 2012
Trade Saleto
MazarineExited 2023
Business ServicesFrance· Entry 2013
Trade Saleto
MenixgroupExited 2024
HealthcareFrance· Entry 2014
Secondaryto
NerimExited 2015
TMTFrance· Entry 2012
Trade Saleto
RougnonExited 2015
IndustrialsFrance· Entry 2010
Trade Saleto
SogelinkExited 2016
TMTFrance· Entry 2009
Trade Saleto
TMTFrance· Entry 2011
Secondaryto
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About TRAIL

Trail Capital is a French private equity firm with €750 million-plus of capital under management, founded in 2007 and headquartered in Saint-Médard-en-Jalles near Bordeaux. The firm supports high-performing small and mid-sized European companies seeking to scale in size, scope and international reach, with a regional French heritage extended through pan-European deal sourcing across multiple vintage funds.

Investment thesis

Trail Capital targets small and mid-sized European companies seeking scaling capital, deploying equity tickets typically ranging from €15 million to €60 million per transaction. Sector focus spans Industrials, Consumer and Business Services, with the platform's operational heritage enabling support for European scaling businesses across international expansion, bolt-on M&A and operational improvement programmes. The firm emphasises management team partnership across multi-year holding periods.

Recent activity

Recent realised exits include LVO Groupe (industrials, 2025), Buffet Crampon (consumer, 2023) and Mazarine (business services, 2023), reflecting active distribution across the European mid-market portfolio. The platform tracks 4 funds, 13 active portfolio companies and 7 realised exits across the multi-vintage track record. Detailed buyer names and multiple data available on Pro at €29/month.

Last updated June 2026 · Sourced from public filings