Vespa Capital
Vespa Capital is a London-based lower-mid-market private equity firm founded in 2007, focused on management buyouts and recapitalisations of UK businesses with enterprise values between GBP 10m and GBP 75m across software, tech-enabled services, life sciences and healthcare. The firm is authorised by the FCA under firm reference number 487255 and operates from St James's Square, London. Its NEW flagship fund rebranded as Arlane in January 2025, while the Vespa Capital LLP entity and its prior named funds remain UK-domiciled.
Key facts
Recent exits
Coverage notes
2 funds tracked, 19 portfolio companies (13 active · 6 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
19 companiesFunds & portfolio
Every fund Vespa Capital has raised, with its portfolio companies. Hand-checked from public filings.
Vespa Capital IIISmall-Mid Buyout2020 · 6yr€176M10 active
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Healthcare |  UK | 2022 | |
| IT Services | UK | 2022 | |
| Software | UK | 2023 | |
| Biotech | UK | 2025 | |
| Business Services | UK | 2022 | |
| Software | UK | 2022 | |
| Fintech | UK | 2022 | |
| LegalTech | UK | 2024 | |
| Education | UK | 2024 | |
| Software | UK | 2021 |
UK· Entry 2022UK· Entry 2022UK· Entry 2023UK· Entry 2025UK· Entry 2022UK· Entry 2022UK· Entry 2022UK· Entry 2024UK· Entry 2024UK· Entry 2021Vespa Capital IISmall-Mid Buyout2016 · 10yr€140M3 active · 6 realized
Unrealized
3 heldRealized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Business Services | UK | 2018 | 2021 | Secondary | – | ||
| Gaming | UK | 2014 | 2019 | Secondary | |||
| Business Services | UK | 2017 | 2024 | Secondary | – | ||
| Business Services | UK | 2011 | 2016 | Secondary | – | ||
| HealthTech | UK | 2015 | 2017 | Secondary | – | ||
| Industrials | UK | 2008 | 2016 | Trade Sale | – |
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About Vespa Capital
Vespa Capital is a UK lower mid-market private equity firm with more than £300 million across three fund vintages as of December 2024, headquartered in London. The firm was founded in 2007 with the investment team carrying 75+ years of combined private equity experience. Vespa remains a partner-owned independent LLP (Vespa Capital LLP) with significant GP commitment from the investment team ensuring strong LP alignment.
Investment thesis
Vespa Capital deploys capital through three successor vehicles (Vespa Capital I, II and III, with Fund III closed at £150 million), targeting UK lower mid-market majority recapitalisations and management buyouts of founder and family-owned businesses with enterprise values of £10-70 million. Sector focus spans tech-enabled services, software, life sciences and healthcare and sustainability, with geographic deployment anchored in the UK lower mid-market complemented by international expansion support for portfolio companies. The team's cross-border operating experience differentiates the platform's international growth advisory capabilities.
Recent activity
Recent acquisitions include Fibrofind (life sciences, 2025) and Lumi Global add-on Eligo (tech-enabled services, 2025). The platform continues active deployment of Fund III across the UK lower mid-market segment with international expansion advisory for portfolio teams. Detailed buyer names and multiple data available on Pro at €29/month.
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United Kingdom·€152MGet the full picture on Vespa Capital.
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