HLD
Also known as Groupe HLD, HLD Associés Europe, HLD Europe
Luxembourg-based private equity group founded in 2010, backed by about 30 families; invests €25M–€500M with no set holding period in European companies via its HLD Europe fund.
- HEADQUARTERS
- Luxembourg, Luxembourg
- FOUNDED
- 2010
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 10 people
Focus
- STAGES
- GrowthBuyout
- ASSET MIX
- Private equityDirect investments
- GEOGRAPHY
- Europe
Overview
HLD is a private equity group founded in 2010 that invests in European companies in business services, industry, consumer and healthcare, with tickets of €25M–€500M and no set holding period. Its shareholder base comprises some 30 entrepreneurial families, and it invests through HLD Europe, a Luxembourg alternative investment fund whose external AIFM is BIL Manage Invest SA. The group has 47 staff in Luxembourg, Amsterdam, Milan and Paris and holds 22 companies, including Kiloutou, TSG, Tessi, Clariane and Exosens. It reports 29 acquisitions, more than 70 build-ups and 7 exits since 2010.
Investment thesis
Long-term, entrepreneurial investor in high-growth-potential European companies (business services, industry, consumer, healthcare) with €25M–€500M tickets and no set holding period, prioritising operational development and external growth over financial leverage.
PORTFOLIO (12)
- KiloutouNOTABLEIndustrial & Manufacturing
- TSGNOTABLEMobility & Logistics
- ClarianeNOTABLE
- TessiNOTABLESoftware & SaaS
- ExosensDeep Tech
- Santé Cie
- Ba&shConsumer & E-commerce
- AresiaIndustrial & Manufacturing
- Jimmy FairlyConsumer & E-commerce
- 52 EntertainmentMedia & Entertainment
- Vilavi
- Laboratoires FilorgaConsumer & E-commerce · since 2010 · Exited
People
- Jean-Bernard LafontaFounding Partner; Investment Committee · source
- Cédric ChateauPartner and Chairman of the Investment Committee · source
- Marco BernardiPartner; Investment Committee · source
- Cédric BoxbergerPartner; Investment Committee · source
- Jean-Hubert VialPartner; Investment Committee · source
- Constance LanequeManaging Director · source
- Xavier BuckBoard Member · source
- Viviane ClaussBoard Member · source
- Robert DennewaldBoard Member · source
- Michèle DetailleBoard Member · source
Links
Frequently asked questions
HLD is a private equity fund based in Luxembourg, Luxembourg, founded in 2010.
Yes. HLD invests its own capital in private companies.
HLD invests at Growth and Buyout stages in Industrial & Manufacturing and Consumer & E-commerce.
HLD's stated ticket size is €25M–€500M.
Key people at HLD include Jean-Bernard Lafonta (Founding Partner; Investment Committee), Cédric Chateau (Partner and Chairman of the Investment Committee), Marco Bernardi (Partner; Investment Committee) and Cédric Boxberger (Partner; Investment Committee).
HLD's investments include Kiloutou, TSG, Clariane, Tessi, Exosens, Santé Cie, Ba&sh and Aresia, among others.
The most recent publicly reported investment by HLD is TSG (Reinvestment alongside CapVest), announced in Jul 2026.
Yes. HLD manages capital from outside investors.