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Follow the latest news from B & Capital: an inside look at what we do and how we do it.

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.

two people shaking hands

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.

low angle photo of city high rise buildings during daytime

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
person using laptop

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.

Steliau

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)
four assorted-color trash bins beside gray wall

Paris, March 23, 2023

Sport Solutions Makers welcomes B & Capital as a cornerstone investor to support a new phase of development. This transaction aims to accelerate the Group’s growth, strengthen its multiservice expertise in sports, and support its consolidation strategy in a dynamic and rapidly professionalizing market.

About SSM

SSM is a leading player in the design, organization, and coordination of sporting events in France and internationally. The Group offers a comprehensive multiservice, multisport range of solutions for clubs, federations, leagues, local authorities, venues, and media companies.

Key figures

  • 350+ sporting events supported in 2022
  • €40 million in revenue in 2022
  • 100 employees
  • 4 areas of expertise:
    • Event consulting and organization
    • Travel management
    • Training camp organization
    • Brand activation and large-scale visual / LED solutions

 

Objectives of the transaction

  • Accelerate both organic and external growth
  • Capitalize on opportunities tied to major upcoming sporting events
  • Structure the next phase of development
  • Drive consolidation in a highly fragmented market

Paris, March 18, 2022

Following the strategic acquisition of Special‑Ind in March 2021, Steliau Technology continues to advance its European expansion strategy in the value‑added distribution of electronic solutions with the acquisition of the Spanish company Media Microcomputer.

As a result of this proprietary transaction, the Group is expected to generate €8 million in revenue in the Spanish market for the current financial year and is targeting €10 million in 2023. The objective is to become one of the top three independent distributors in Spain by 2025.

Steliau

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