News

Humanskills obtains B Corp certification

Paris, February 4, 2026

We are proud to announce that Humanskills, one of our portfolio companies, has been awarded the B Corp™ certification — one of the most rigorous labels for social, societal, and environmental impact.

Humanskills is now the second B & Capital portfolio company to join the B Corp™ community.
This recognition reflects the team’s long‑term commitment and highlights the progress pathways we strive to foster across our portfolio.

Congratulations to the entire Humanskills team on achieving this major milestone.

B & Capital announces the sale of 123 Elec to a consortium of investors led by Siparex Midcap

Paris, January 28, 2026

After five years of partnership, B & Capital and the management team of Phase Neutre (123 Elec), led by Michel Chavès, have finalized the sale of the group to Siparex Midcap as part of a majority LBO transaction.

A leading player in the online distribution of electrical equipment in France, 123 Elec has established itself as a reference platform, supported by strong double‑digit organic growth, nearly 400,000 orders per year, and a highly efficient digital infrastructure. Between 2019 and 2025, the group’s revenue increased from €43 million to over €90 million, confirming the robustness of its business model and the momentum achieved under B & Capital’s ownership.

Alongside its new investors, 123 Elec will continue its development, notably by strengthening its B2B offering, upgrading its digital tools, and exploring opportunities for external and international growth.

Exit

DWS partners with B & Capital to accelerate its growth

Paris, December 18, 2025

DWS announces the entry of B & Capital into its shareholding structure as a cornerstone investor. This transaction marks a key milestone in supporting the Group’s growth, strengthening its international positioning, and diversifying its markets.

About DWS

Founded in 2017, DWS specializes in laser engraving and has established itself as an innovative player in the luxury sector thanks to its technological solutions and expertise.

2025 revenue: primarily generated with luxury brands
Team: committed international workforce
Footprint: Europe, the Americas, Asia
Products & services: ultra‑personalization solutions, SaaS data analytics platform

Objectives of the partnership

Accelerate growth in France and internationally
Diversify target markets
Strengthen organizational structure and enable key managers to become shareholders
Consolidate DWS’s position as a strategic partner for prestigious luxury houses

Acquisition

Soverep continues its development alongside B & Capital

Paris, December 10, 2025

Soverep welcomes B & Capital as a cornerstone investor to support a new phase of development. This transaction aims to drive the Group’s growth (international expansion and segment diversification), strengthen innovation, and further integrate ESG practices.

About Soverep

Founded in 1962, Soverep is an automotive equipment manufacturer specializing in components for micromobility and niche vehicles.

2025 revenue: primarily generated from electric vehicles
Headcount: 120 employees
Locations: France & Morocco
Products: batteries, seating systems, lighting, accessories

Objectives of the transaction

Consolidate the Group’s positioning in its existing markets
Diversify the product offering and broaden the catalogue
Accelerate international expansion and external growth
Strengthen ESG integration and innovation initiatives

Acquisition

Groupe Partir‑Visiteurs reaches a new milestone by partnering with B & Capital

Paris, December 8, 2025

Groupe Partir‑Visiteurs welcomes B & Capital as a cornerstone investor to support a new phase of development. This transaction aims to facilitate the management transition, accelerate growth (new destinations and segments), strengthen innovation, and further integrate ESG practices.

About Groupe Partir‑Visiteurs

Founded in 1986, GPV is an independent tour operator specializing in premium escorted tours and tailor‑made travel.

2025 revenue: €78 million
Headcount: 80 employees
Scope: 80+ destinations, 3,000+ partner travel agencies, 35,000 travelers per year

Objectives of the transaction

Consolidate the Group’s positioning in existing markets
Diversify and expand the product offering
Strengthen ESG integration and innovation initiatives

Acquisition

A New Milestone for Be‑Cloud: Acquisition of Smartworx

Paris, November 10, 2025

Be‑Cloud Group continues its international expansion with the acquisition of Belgian company Smartworx (D&D Computers BV). This transaction is fully aligned with our external growth strategy, aimed at strengthening our presence in Europe, broadening our service offering, and reaching the critical scale required to enter the Top 50 Microsoft partners worldwide.

About Smartworx

Founded in 1989 and based in Temse (Belgium), Smartworx specializes in the distribution of ICT solutions, notably Microsoft (Office 365, Azure), BitDefender, and SkyHi, serving a network of reseller partners.

2025 revenue: €15 million
Headcount: 17 employees
Share of Microsoft solutions: 65% of revenue

Objectives of the acquisition

Achieve consolidated revenue of €90 million in 2026, with nearly 25% generated internationally
Accelerate the Group’s international expansion (Belgium, Spain, Italy, Portugal)
Diversify Be‑Cloud’s offering with cybersecurity, VoIP telephony and data‑backup solutions

“We are delighted to welcome Smartworx’s clients and partners into the Be‑Cloud Group family. Our ambition is to deliver the best partner experience by combining expertise, proximity and innovation.” — Lenny Vercruysse, President of Be‑Cloud Group

Bold-on acquisitions

B & Capital sells Nedap France to Solutys

Paris, September 2, 2025

After joining the company’s shareholding structure in 2019, B & Capital supported Nedap France through an ambitious transformation plan: sustained organic growth, acquisitions in Germany and later in Switzerland, expansion into Morocco, and a full management transition. Over six years, the company strengthened its international positioning and doubled in size.

This transaction marks the fifth exit of the RB Capital France 1 fund and reflects our commitment to supporting sustainable and value‑creating growth trajectories.

Congratulations to the Nedap France teams, to Solutys, and to all partners involved in this strategic transaction.

Exit

Neoptim acquires Strategy Conseil

Paris, June 30, 2025

Neoptim, a portfolio company of RB Capital France 2 since March 2023, has completed its first acquisition by joining forces with Strategy Conseil. This transaction enables the Group to broaden its service offering in the search and securing of public funding dedicated to both public- and private‑sector clients, while strengthening its presence in the South‑West of France.

Bold-on acquisitions

B & Capital closes fundraising for RB Capital France 2

Paris, May 20, 2025

B & Capital, a French small- and mid‑cap private equity firm specializing in growth‑oriented transactions, announces the final closing of its second investment vehicle, RB Capital France 2, with total commitments of €315 million. The fund exceeds its initial target of €300 million and represents a significant step up from the size of RB Capital France 1 (€217 million).

Despite a challenging fundraising environment, the B & Capital team succeeded in attracting a strong and diversified investor base, composed primarily of French and international institutional investors, alongside family offices and private investors. More than 70% of RB Capital France 1 investors renewed their commitment.

B & Capital

Humanskills welcomes B & Capital as a cornerstone investor

Paris, December 6, 2024

Humanskills welcomes B & Capital as a cornerstone investor to accelerate its next phase of development. This partnership aims to strengthen the Group’s growth, support its acquisition strategy, expand its Data & Product division, and accelerate its international expansion.

About Humanskills

A leading consulting firm in digital, data, and product‑driven projects, Humanskills supports large corporates in enhancing their digital performance.

Revenue: €61 million (2023)
Headcount: 550 employees
Locations: Paris, Lille, Madrid
Three business units: Digital, Data & Product, People

Objectives of the transaction

Strengthen the Group’s leadership in Digital and Data & Product expertise
Accelerate both organic and external growth
Develop the Group’s international footprint, with a focus on Spain

Acquisition

B & Capital signs agreement to sell Steliau Technology to Astorg

Paris, February 27, 2024

B & Capital and the Steliau Technology management team, led by Pascal Reynoud and Stéphane Jouannaud, announce that they have signed the agreement for the sale of the Group to Astorg.

The transaction is expected to close by the end of the first half of 2024. Upon completion, B & Capital would realise the fourth exit of the RB Capital France 1 fund, following a four‑and‑a‑half‑year holding period.

Exit

Hubency welcomes B & Capital as a cornerstone investor to support a new phase of development

Paris, September 28, 2023

Hubency welcomes B & Capital as a cornerstone investor to embark on a new phase of development. This transaction aims to support the Group’s strong growth trajectory, reinforce its positioning as a leading alternative recycling player, and accelerate its expansion in France and internationally.

About Hubency

Hubency is the leading independent alternative recycling and waste‑management operator in France.

For more than 20 years, the company has established itself as a key partner for waste producers and recyclers, with expertise spanning consulting, training, regulatory compliance, traceability, and optimisation of waste recovery.

Key figures:

70 major corporate clients
6,500 sites under management
1,500 service providers and outlets across the country
+23% annual growth since 2017

Objectives of the transaction

Strengthen Hubency’s leadership position
Expand its “one‑stop‑shop” service offering
Accelerate international expansion
Address evolving regulatory and environmental requirements (8‑stream decree, AGEC law, bio-waste sorting)

Acquisition

Humanskills obtains B Corp certification

B & Capital announces the sale of 123 Elec to a consortium of investors led by Siparex Midcap

DWS partners with B & Capital to accelerate its growth

Soverep continues its development alongside B & Capital

Groupe Partir‑Visiteurs reaches a new milestone by partnering with B & Capital

A New Milestone for Be‑Cloud: Acquisition of Smartworx

B & Capital sells Nedap France to Solutys

Neoptim acquires Strategy Conseil

B & Capital closes fundraising for RB Capital France 2

Humanskills welcomes B & Capital as a cornerstone investor

B & Capital signs agreement to sell Steliau Technology to Astorg

Hubency welcomes B & Capital as a cornerstone investor to support a new phase of development

HERE TO LISTEN

A privileged point of contact

News

HERE TO LISTEN

A privileged point of contact

Specialized industry