Ardabelle Capital
Also known as ARDABELLE CAPITAL, Ardabelle Capital Partners, Ardabelle
Paris climate buyout firm (AMF GP-20250005) founded in 2024 by ex-Eurazeo CEO Virginie Morgon; invests in mid-market suppliers in consumer-brand value chains (Scope 3). Article 9 Fund I.
- HEADQUARTERS
- Paris, France
- FOUNDED
- 2024
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 8 people
Focus
- STAGES
- Buyout
- ASSET MIX
- Private equityImpactDirect investments
- GEOGRAPHY
- Europe
Overview
Ardabelle Capital is a Paris private equity firm co-founded in 2024 by Virginie Morgon, former CEO of Eurazeo, with partners from Paris, Geneva and New York. It targets majority stakes in profitable mid-market industrial, services and technology companies in the upstream and downstream value chains of consumer corporations, with a sustainability transformation plan for each holding. Its first vehicle, Ardabelle Fund I, is classified Article 9 under SFDR; the firm announced a €500M fundraising target in 2024 and held a first close of about €250M in November 2025 (press report). Its first investment, in December 2025, was a majority stake in Plymag, a European biostimulants and crop biosolutions company.
Investment thesis
Buyouts of profitable mid-market industrial, services and technology suppliers and service providers to consumer corporations, aiming to decarbonise “Scope 3” value chains and create value through a proprietary sustainability transformation plan.
PORTFOLIO (1)
- PlymagFood & Agriculture · since 2025
People
Links
Frequently asked questions
Ardabelle Capital is a private equity fund based in Paris, France, founded in 2024.
Yes. Ardabelle Capital invests its own capital in private companies.
Ardabelle Capital invests at Buyout stage in Climate & Energy, Industrial & Manufacturing and Food & Agriculture.
Key people at Ardabelle Capital include Virginie Morgon (Founding & Managing Partner), Cara Kennedy-Cuomo (Founding Partner), Eric Hazan (Founding Partner) and Julien Gattoni (Founding Partner).
Ardabelle Capital's investments include Plymag.
The most recent publicly reported investment by Ardabelle Capital is Plymag (Majority stake (first investment)), announced in Dec 2025.
Yes. Ardabelle Capital manages capital from outside investors.