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Private Equity FundAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 26 SOURCES

ARLANE

Also known as Arlane, Vespa Capital

Independent Paris small-cap LBO manager (formerly Vespa Capital, AMF GP-202213) taking €5–20m majority stakes in French SMEs; ARLANE III closed at €120m.

HEADQUARTERS
Paris, France
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
7 people

FOCUS

STAGES
Buyout
SECTORS
HealthTechSoftware & SaaSIndustrial & ManufacturingEducationConsumer & E-commerceFood & AgricultureReal Estate & PropTech
ASSET MIX
Private equity
GEOGRAPHY
France

WHAT IT IS

Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.

ABOUT

ARLANE, known as Vespa Capital until January 2025, is an independent Paris private equity firm run by founding partners Denis Leroy, Jean-Valmy Nicolas des Lauriers and Kenza Moumni. It makes primary, majority small-cap LBOs of €5–20m in regional French SMEs with €10–50m of revenue, for capital reorganisation, buyouts by managers or buy-ins, and growth. The management team is the largest investor in its funds; its third fund, ARLANE III, closed at €120m with families, entrepreneurs, funds of funds and regional banks, and had made four investments by November 2025.

INVESTMENT THESIS

Primary majority small-cap LBOs alongside management in regional French SMEs (revenue €10–50m) with solid fundamentals and growth potential, 3–7 year horizon, with value sharing with management and staff.

PORTFOLIO (12)

  • Groupe Dessintey
    HealthTech · since 2025
  • Eliis
    Software & SaaS · since 2024
  • Imprimerie du Marais
    Consumer & E-commerce · since 2023
  • Sprinter
    Industrial & Manufacturing · since 2022
  • Groupe Capitole
    Education · since 2022
  • Le Marché de Léopold
    Food & Agriculture · since 2019
  • Arthur Loyd
    Real Estate & PropTech · since 2018
  • ATI Industries
    Industrial & Manufacturing · since 2016
  • Cleeven
    since 2020 · Exited
  • Résilians
    since 2011 · Exited
  • Abylsen
    since 2012 · Exited
  • SDS
    since 2010 · Exited

TEAM

  • Denis Leroy
    Founding Partner · source
  • Jean-Valmy Nicolas des Lauriers
    Founding Partner · source
  • Kenza Moumni
    Founding Partner (Associée Gérante) · source
  • Sébastien Allégot
    Investment Director · source
  • Fleur Angliviel de La Beaumelle
    Investment Manager (Chargée d'Affaires) · source
  • Alexis Aubert
    Investment Manager (Chargé d'Affaires) · source
  • Paul Gaultry
    Secretary General · source

LINKS

FAQ

ARLANE is a private equity fund based in Paris, France.

Yes. ARLANE invests directly in private companies.

ARLANE invests at Buyout stage in HealthTech, Software & SaaS, Industrial & Manufacturing, Education, Consumer & E-commerce, Food & Agriculture and Real Estate & PropTech.

ARLANE's stated ticket size is €5M–€20M.

Key people at ARLANE include Denis Leroy (Founding Partner), Jean-Valmy Nicolas des Lauriers (Founding Partner), Kenza Moumni (Founding Partner (Associée Gérante)) and Sébastien Allégot (Investment Director).

ARLANE's investments include Groupe Dessintey, Eliis, Imprimerie du Marais, Sprinter, Groupe Capitole, Le Marché de Léopold, Arthur Loyd and ATI Industries, among others.

The most recent publicly reported investment by ARLANE is Groupe Dessintey (Majority primary LBO (fourth ARLANE III deal)), announced in Nov 2025.

Yes. ARLANE manages capital from outside investors.