Cobepa
100% controlled by Cobehold, the vehicle of its family shareholders Cobehold
Also known as Compagnie Benelux Participations
Brussels evergreen investment company (est. 1957) owned via Cobehold by several European entrepreneurial families; EUR 5.5bn NAV, EUR 100-400m private equity stakes in Europe and the US.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Identity
- HEADQUARTERS
- Brussels, Belgium
- OFFICES
- New York, United States
- FOUNDED
- 1957
- AUM
- €5.5B (2026)
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- GEOGRAPHY
- EuropeNorth America
- STAGES
- GrowthBuyout
- ROUTES
- Companies (own capital)
- STRATEGIES
- Private equityDirect investments
- TICKET
- €100M–€400M
- LATEST DEAL
- Prosol (Minority stake) · May 2026
Overview
Cobepa (Compagnie Benelux Participations SA) began investing in 1957 as a Banque Paribas subsidiary and became independent in 2004 through a buy-out backed by European family investors. It is an evergreen investment company with permanent capital from several entrepreneurial families from Belgium, Germany, the UK, France and Luxembourg, assembled in Cobehold, which controls 100% of it alongside management. It takes majority or strong minority stakes of EUR 100-400m in European and US companies and reports a net asset value of over EUR 5.5bn, with offices in Brussels and New York.
Investment thesis
Majority or strong minority equity stakes of EUR 100-400m (up to EUR 500m with shareholder co-investment) in established companies headquartered in Europe or the United States, sector-flexible within its ESG policy, held with a flexible horizon on permanent capital.
Holdings & investments (22)
- Consumer & E-commerce · since 2026 · Minority stake
- since 2025 · Majority stake
- since 2025 · Majority stake
- since 2025 · Minority stake
- since 2024 · Majority stake
- since 2024 · Co-Control stake
- since 2024 · Majority stake
- since 2022 · Majority stake
- Industrial & Manufacturing · since 2022 · Majority stake
- since 2021 · Co-Control stake
- Industrial & Manufacturing · since 2020 · Majority stake
- since 2020 · Structural minority stake
- HealthTech · since 2020 · Majority stake
- Industrial & Manufacturing · since 2019 · Majority stake
- HealthTech · since 2018 · Minority stake
- since 2017 · Structural minority stake; sale to KKR announced
- Industrial & Manufacturing · since 2017 · Majority stake
- Consumer & E-commerce · since 2016 · Minority stake
- since 2013 · Majority stake
- Industrial & Manufacturing · since 2011 · Minority stake
- HealthTech · since 2007 · Minority stake
- Industrial & Manufacturing · since 2005 · Minority stake
People
- Jean-Marie Laurent JosiChief Executive Officer; Director · source
- François HenrotChairman of the Board · source
- Peter ConnollyGroup Managing Director · source
- Andrew HollodManaging Director North America · source
- Filip VanderschuerenManaging Director · source
- Aurélien DelavalléeManaging Director · source
- Konrad GriegerManaging Director · source
- Nicolas DarnaudManaging Director · source
- Justin CookDirector · source
- Lars LappDirector · source
- Andrea SartoriDirector · source
- Saskia BruystenBoard director · source
- Christophe d'AnsembourgBoard director · source
- Olivier DavignonBoard director · source
- Charles de LiedekerkeBoard director · source
- Caroline de SpoelberchBoard director · source
- Grégoire de SpoelberchBoard director · source
- Olivier de SpoelberchBoard director · source
- Hugo FerreiraBoard director · source
- François PaulyBoard director · source
- Hubertus von BaumbachBoard director · source
- William WyattBoard director · source
Frequently asked questions
Cobepa is a multi family office based in Brussels, Belgium, founded in 1957.
Cobepa invests its own capital into companies. Its stated asset mix includes private equity and direct investments.
Cobepa invests at Growth and Buyout stages in Industrial & Manufacturing, Consumer & E-commerce and HealthTech.
Cobepa's stated ticket size is €100M–€400M.
Key people at Cobepa include Jean-Marie Laurent Josi (Chief Executive Officer; Director), François Henrot (Chairman of the Board), Peter Connolly (Group Managing Director) and Andrew Hollod (Managing Director North America).
Cobepa's holdings and investments include Ascentiel Groupe, BioAgilytix, Carmeuse, Corsearch, Crealis, Eagle Fire, Easyfairs and Gen II, among others.
The most recent publicly reported investment by Cobepa is Prosol (Minority stake), announced in May 2026.
No. Cobepa invests its own capital and does not raise money from outside investors.