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Private Equity FundInvests directly in companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 12 SOURCES

Hivest Capital Partners

Also known as Hivest Capital, Hivest, HIVEST CAPITAL PARTNERS

Independent Paris buyout manager (AMF GP-16000033, 2016) taking majority or reference minority stakes in SMEs and mid-caps with €50M–€500M revenue; €900M under management (Jan 2025).

HEADQUARTERS
Paris, France
FOUNDED
2016
AUM
€900M (2025)
OUTSIDE CAPITAL
Yes
TEAM LISTED
9 people

Focus

STAGES
GrowthBuyout
SECTORS
Industrial & ManufacturingConsumer & E-commerceFood & AgricultureMobility & Logistics
ASSET MIX
Private equity
GEOGRAPHY
FranceEurope

Overview

Hivest Capital Partners is an independent private equity firm authorised by the AMF, founded in late 2016 by Axel Bonnassies and Cédric Lépée. It buys family-owned companies and non-core divisions of large groups, and backs capital increases, in French and European companies with €50M–€500M revenue, investing €10M–€100M per deal. Its first fund closed at €120M (2017) and Hivest II at its €300M hard cap (2022); in January 2025 it set up a first continuation fund for Agora Makers, bringing funds under management to €900M.

Investment thesis

Majority or reference minority positions in companies with €50M–€500M revenue, sound market fundamentals and recognised know-how but unrealised potential: family-business successions, corporate carve-outs, growth capital increases and situations needing a fast, flexible investor; all sectors; €10M–€100M per deal.

PORTFOLIO (17)

  • Agora MakersNOTABLE
    Industrial & Manufacturing · since 2022
  • Rail EuropeNOTABLE
    Mobility & Logistics · since 2022 · Exited
  • VMI-Jokon
    Mobility & Logistics · since 2026
  • Novasol Chemicals
    Industrial & Manufacturing · since 2025
  • NV Labs
    Consumer & E-commerce · since 2024
  • Groupe Sphere
    Industrial & Manufacturing · since 2024
  • Reunimer
    Food & Agriculture · since 2024
  • Marie-Laure PLV
    Industrial & Manufacturing · since 2023
  • CCE Group
    Industrial & Manufacturing · since 2023
  • FACE
    Industrial & Manufacturing · since 2021 · Exited
  • Videlio
    Media & Entertainment · since 2021 · Exited
  • Eowin
    Software & SaaS · since 2020 · Exited
  • CryoPDP
    HealthTech · since 2020 · Exited
  • STG
    Industrial & Manufacturing · since 2018
  • St Mamet
    Food & Agriculture · since 2018 · Exited
  • Aurightec
    Industrial & Manufacturing · since 2017
  • Ecore GDE
    Industrial & Manufacturing · since 2017 · Exited

People

  • Axel Bonnassies
    Co-Founder & Managing Partner · source
  • Cédric Lépée
    Co-Founder & Managing Partner · source
  • Barthélemy Grave
    Partner · source
  • Alexandre Levavasseur
    Director · source
  • Michael Hessney
    Principal · source
  • Freya Macken
    Principal · source
  • Clémence Hélary
    Chief Financial Officer · source
  • Yousra Maataz
    Investor Relations Manager · source
  • Frédéric Ramé
    Senior Advisor · source

Links

Frequently asked questions

Hivest Capital Partners is a private equity fund based in Paris, France, founded in 2016.

Hivest Capital Partners invests directly in companies, not through funds. Capital origin: third-party capital (fund LPs). Stated strategies include private equity.

Hivest Capital Partners invests at Growth and Buyout stages in Industrial & Manufacturing, Consumer & E-commerce, Food & Agriculture and Mobility & Logistics.

Hivest Capital Partners's stated ticket size is €10M–€100M.

Key people at Hivest Capital Partners include Axel Bonnassies (Co-Founder & Managing Partner), Cédric Lépée (Co-Founder & Managing Partner), Barthélemy Grave (Partner) and Alexandre Levavasseur (Director).

Hivest Capital Partners's disclosed portfolio companies include Agora Makers, Rail Europe, VMI-Jokon, Novasol Chemicals, NV Labs, Groupe Sphere, Reunimer and Marie-Laure PLV, among others.

The most recent publicly reported investment by Hivest Capital Partners is Groupe VMI-Jokon (Majority LBO alongside management (closed 30 July 2026)), announced in Sep 2026.