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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
Funds
5
vintages 2007–2026
Portfolio
10
Exits
12

Key facts

HQSAINT-MEDARD-EN-JALLES, France
Founded2022

Recent exits

LVO Groupe
Industrials2025 · 4yr hold
Menixgroup
Healthcare2024 · 10yr hold
Cabaia
Cabaia
Consumer2023 · 5yr hold
Buffet Crampon
Consumer2023 · 11yr hold

Coverage notes

5 funds tracked, 22 portfolio companies (10 active · 12 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

22 companies
Consumer
9 · 41%
Industrials
4 · 18%
TMT
4 · 18%
Business Services
3 · 14%
Healthcare
2 · 9%

Funds & portfolio

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

5 funds
WELLGrowthActive
2026 · 0yr0 active

No portfolio companies tracked yet.

SLAM Private Investors FundBuyoutharvesting
2021 · 5yr€100M4 active

Unrealized

4 held
Ares MMAActive
ConsumerFrance· Entry 2024
Hexagone MMAActive
ConsumerFrance· Entry 2026
Marcadé
MarcadéActive
Business ServicesFrance· Entry 2025
Tech3Active
ConsumerFrance· Entry 2025
TRAIL Core Equity Partners FundBuyoutharvesting
2019 · 7yr€350M4 active · 1 realized

Unrealized

4 held
APM Monaco
APM MonacoActive
ConsumerMonaco· Entry 2019
BreitlingActive
ConsumerSwitzerland· Entry 2023
WELLA
WellaActive
ConsumerGermany· Entry 2022
Zooplus
ZooplusActive
ConsumerGermany· Entry 2021

Realized

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

Unrealized

1 held
Electropoli
ElectropoliActive
IndustrialsFrance· Entry 2019

Realized

1 exit
LVO GroupeExited 2025
IndustrialsFrance· Entry 2021
Secondaryto
Fondations Capital IBuyoutdivesting
2007 · 19yr€380M1 active · 10 realized

Unrealized

1 held
SUPERBIEN
SuperbienActive
TMTFrance· Entry 2024

Realized

10 exits
AMS
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
SepurExited 2022
IndustrialsFrance· Entry 2012
Secondaryto
Sogelink
SogelinkExited 2016
TMTFrance· Entry 2009
Trade Saleto
Talentia Software
Talentia SoftwareExited 2016
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.

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Last updated July 2026 · Sourced from public filings · Report an issue