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Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 20 SOURCES

Trajan Capital

Also known as Trajan, Trajan Investment Advisor

Paris buyout team (2018) pairing an entrepreneur-buyer with capital for MBI/MBO successions of European SMEs (EV €10–100m, tickets €5–50m); fund managed by Edmond de Rothschild Private Equity.

HEADQUARTERS
Paris, France
FOUNDED
2018
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
7 people

Focus

STAGES
Buyout
SECTORS
Industrial & ManufacturingConsumer & E-commerceFood & AgricultureMedia & Entertainment
ASSET MIX
Private equity
GEOGRAPHY
FranceBelgiumSwitzerland

Overview

Trajan Capital was co-founded in 2018 by Thomas Duteil and Tanguy Tauzinat, both formerly of Andera’s mid-cap team, to finance capital and managerial successions of SMEs. Each deal starts with a selected entrepreneur-buyer, who takes over a company with at least €10m of sales and €2m EBITDA through an MBI, MBO, BIMBO, spin-off or carve-out. Since 2019 it has partnered with the Edmond de Rothschild group: its fund, Transmission et Croissance I, is managed by Edmond de Rothschild Private Equity (France) and advised by Trajan Investment Advisor. It has offices in Paris and Brussels.

Investment thesis

Capital and managerial succession of profitable, cash-generative European SMEs with recurring revenue and acquisition opportunities, led by an entrepreneur-buyer selected and backed by Trajan; generalist, majority or minority stakes.

PORTFOLIO (11)

  • Aiglon
    Industrial & Manufacturing · since 2025
  • Fire System
    Industrial & Manufacturing · since 2025
  • OCR
    Industrial & Manufacturing · since 2025
  • Airess
    Industrial & Manufacturing · since 2024 · Exited
  • AB Process Ingénierie
    Industrial & Manufacturing · since 2023
  • Essences & Parfums
    Consumer & E-commerce · since 2023 · Exited
  • Cotton Bird
    Consumer & E-commerce · since 2022
  • Bonum Group
    Media & Entertainment · since 2022
  • Rollakin
    Consumer & E-commerce · since 2021
  • Atelier Treilhard
    Consumer & E-commerce · since 2021
  • Groupe Thomas Plants
    Food & Agriculture · since 2019

People

  • Thomas Duteil
    Founding Partner · source
  • Tanguy Tauzinat
    Founding Partner · source
  • Pierre-Michel Passy
    Chairman of the Investment Committee · source
  • Alexis Huignard
    Investment Director · source
  • Clémence Robles
    Investment Director · source
  • Hugues Mathot
    Investment Director · source
  • Pascal Vieules
    Director of Operations and AI · source

Links

Frequently asked questions

Trajan Capital is a private equity fund based in Paris, France, founded in 2018.

Yes. Trajan Capital invests its own capital in private companies.

Trajan Capital invests at Buyout stage in Industrial & Manufacturing, Consumer & E-commerce, Food & Agriculture and Media & Entertainment.

Trajan Capital's stated ticket size is €5M–€50M.

Key people at Trajan Capital include Thomas Duteil (Founding Partner), Tanguy Tauzinat (Founding Partner), Pierre-Michel Passy (Chairman of the Investment Committee) and Alexis Huignard (Investment Director).

Trajan Capital's investments include Aiglon, Fire System, OCR, Airess, AB Process Ingénierie, Essences & Parfums, Cotton Bird and Bonum Group, among others.

The most recent publicly reported investment by Trajan Capital is Aiglon (MBI (with Grégoire Huet)), announced in Jul 2025.

Yes. Trajan Capital manages capital from outside investors.