
Flex Equity
SMEs with EBITDA ranging from €5m to €20m
Projects: MBO, development capital, external growth, organic growth
Sectors: no sector restrictions but a list of preferred sectors (tech, healthcare, financial and BtoB services, training/education, etc.)
Regions: Eurozone, primarily France, Spain, Italy and Germany.
CAPZA’s Flex Equity funds support small and mid-caps in their development plans as a reference shareholder (majority or minority).
The Flex Equity teams have carried 95 transactions1 since 2004 combining equity and mezzanine financing. We maintain close ties with the entrepreneurs and can offer flexible top balance sheet solutions that can be adapted to the business’s goals.
An experienced team: the team benefits from a dual mezzanine/capital expertise and relies on senior partners who have weathered various economic cycles.
A focus on creating value: we establish close ties with the management teams, leaving them plenty of managerial freedom while supporting them in their strategic development plans: structural organization, organic growth in France or abroad, external growth.
Importance of primary deals: we support businesses in their first partnership with a fund, by informing them about the operation, supporting their development, establishing key indicators, giving employees a stake in the capital, reinforcing governance and helping them take decisions on strategic issues.
Strong sector verticals: the team has built up considerable expertise in growth sectors such as tech, healthcare, financial services and BtoB services.
Local sourcing capacity: the team has built up long-term relationships with an ecosystem of business facilitators. We operate locally with offices in France, Germany, Spain, Italy, the Netherlands and partners in the rest of the world. Our sector expertise makes us the go-to intermediary ahead of transactions.
1 As of 30/06/2025
Awards
Key figures
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18Jul’ 2025CAPZA supports the development of DI EnvironnementCAPZA to acquire strategic minority stake in DI Environnement, a leading player in environmental decontamination services.Read more
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16Apr’ 2025CAPZA supports the development of MecadaqCAPZA enters into exclusive negotiations to acquire a majority stake in Mecadaq, a strategic player in the civil and defense aerospace industry.Read more
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28Feb’ 2025CAPZA supports Audensiel in its external growth strategyAudensiel continues its international expansion and is entering the Italian market.Read more
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29Nov’ 2024CAPZA sells its minority stake in MonvisoCAPZA sells its minority stake in Monviso to Argos Wityu, after supporting the Group's developmentRead more