Latour Capital
Latour Capital is an independent French private equity firm managing around €5B across buyout, small-cap, defense and continuation funds, taking majority and minority stakes in French and European mid-to-large companies, with an operator-partner model led by 12 partners.
- Company typePrivate
- Founded2011
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Latour Capital does
Latour Capital is an independent French private equity management company founded in 2011 by Cédric Bannel and Philippe Leoni, headquartered in Paris and authorized as a portfolio management company by the Autorité des Marchés Financiers (license GP 11000017). The firm invests as a majority or minority shareholder in French and European mid-to-large companies, with a generalist approach and a particular focus on business services, executing development capital and transmission capital transactions and targeting carve-outs from non-strategic divisions of large groups (e.g., Lynxeo from Nexans, Gutor from Schneider Electric, Kandelium from Solvay, Plastic Omnium Environnement). Its product set spans flagship buyout funds (Latour Capital I through IV), a small-cap fund (Latour Small I), a dedicated defense vehicle (Emergence Défense), and continuation funds (e.g., the Gutor vehicle with Hamilton Lane).
Latour Capital monetizes through standard private equity economics: recurring management fees on committed or invested AUM, plus carried interest on exits above hurdle rates, across a fund family that collectively manages approximately €5 billion in assets. The firm explicitly markets an operator-partner model, with 12 partners and supporting directors, analysts, ESG, legal, finance and compliance staff. Differentiators cited are deep operational experience (multiple partners are former CEOs or senior executives of Renault, PSA/Stellantis, Alstom, Air Liquide, Thales, Schindler, Suez, BNP Paribas), high-level corporate and public-authority networks, and an active shareholder approach focused on industrial strategy, external growth, and commercial leadership. Distribution is relationship-driven: deals sourced via management contacts, intermediaries and repeat co-investors (Bpifrance, Ardian, Mubadala, Charterhouse, Montefiore, Hamilton Lane, AXA IM, Patria).
The active portfolio spans industrial cables, industrial UPS systems, transport engineering, digital services, healthcare retail, insurance brokerage, protective equipment distribution, packaging, real estate investment, waste management, defense electronics, and funeral services, with named assets including Lynxeo, SYSTRA, Gutor, Funecap, Hygie31, Groupe RG, Santiane, Praemia REIM, Sulo, Omni-Pac, Rollakin, European Digital Group, Kandelium, Visco and Cerbair. In January 2025 the firm partially opened its GP capital to AXA IM Prime and Nasdaq-listed Patria Global Private Market Solutions, indicating a transition from a founder-only ownership structure toward an institutionally backed platform while remaining independent.
Latour Capital firmographics
Firmographics- Name
- Latour Capital
- Legal name
- Latour Capital Management SAS
- Website
- https://latour-capital.fr
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Latour Capital is an independent French private equity firm managing around €5B across buyout, small-cap, defense and continuation funds, taking majority and minority stakes in French and European mid-to-large companies, with an operator-partner model led by 12 partners.
- Ownership category
- akta.pro rank
Latour Capital industry classification
Industry- Product category
- Private Equity Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Independent Sponsor / Fundless Sponsor ETA (FSANALAB)
- akta.pro secondary industry
- Geography-Focused ETA (e.g., LATAM/Europe/Asia) (FSANALAJ)
Keywords
Where Latour Capital is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Latour Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Management Fees: Latour Capital charges management fees on assets under management across its funds (Latour Capital I, II, III, and Latour Small I).
- Carried Interest (Performance Fees): The firm earns carried interest when investment returns exceed specified thresholds for fund investors.
Go-to-market motion1 record
Marketing channels3 records
Latour Capital product offering
Product offeringCore offering
Latour Capital is an independent French private equity management company that invests through its own funds (Latour Capital I-IV, Latour Small I, and Emergence Défense) in French and European companies. It takes majority and minority equity stakes in development capital and transmission capital (LBO/MBO) transactions, with a particular focus on carve-outs of non-strategic divisions of large groups. The firm generates revenue from management fees on assets under management (currently ~€5 billion) and carried interest on fund performance.
Product overview
Latour Capital is an independent private equity management company offering a suite of investment funds (Latour Capital I through IV, Latour Small I, Emergence Défense Fund, and continuation funds) that take majority and minority stakes in French and European companies with strong growth potential. The funds target growth equity and transmission transactions, including carve-outs from large groups, with co-investment capacity for significant deals. Latour Capital manages approximately €5 billion in assets and provides active shareholder support focused on organizational, strategic, marketing, and commercial value creation. The portfolio spans diverse sectors including digital transformation (European Digital Group), industrial manufacturing (Lynxeo, Gutor, Sulo, Visco), healthcare (Hygie31, Santiane), transportation engineering (SYSTRA), protective equipment (Groupe RG), packaging (Omni-Pac), and funeral services (Funecap).
Differentiator
Problem solved
Functional benefit
Products and services
- Latour Capital I Fund Inaugural private equity fund launched in 2011 with €115M under management, marking the beginning of Latour Capital's investment activities. Targets French and European companies with growth potential.
- Latour Capital II Fund Second fund that reached its hard cap of €300M in December 2015, more than 2.5x the size of Fund I, attracting nearly 25 investors. Focused on French and European mid-to-large companies.
- Latour Capital III Fund Third fund with a focus on majority and minority stakes in French and European companies with strong growth potential.
- Latour Capital IV Fund Fourth flagship fund, with Senior Partner Maxime Picat joining to support investment strategy focused on international operations, industrial transformation, and profitable growth.
- Latour Small I Fund Inaugural small-cap fund exceeding its €250M target to reach €400M, focused on growth equity and transmission transactions with capacity for co-investment, approximately 30% deployed with four transactions completed.
- Emergence Défense Fund Defense-focused fund of €400 million, targeting electronic warfare and defense technology companies (€5-50M check sizes), with the goal of creating a European leader in counter-drone technology and electronic warfare. First investment: Cerbair in June 2026.
- Continuation Fund (Gutor) First continuation fund established to acquire Gutor, a Swiss manufacturer of uninterruptible power supply systems, supporting the company's long-term growth following its carve-out from Schneider Electric.
Quantifiable outcome
- AUM growth from €115M in 2011 to over €5B in 2025
- +2 more outcomes
Companies that use Latour Capital
Customer profileNamed customers14 records
Segments3 records
Ideal customer profiles3 records
Latour Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Latour Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CerbaircoreLatour Capital acquired Cerbair (counter-drone and electronic warfare company) through its €400M Emergence Défense fund, aiming to create a European leader in electronic warfare. Cerbair has spent 10 years in internal development and aims to triple in size by 2030.
Scale indicators7 records
Recent moves10 records
Expansion highlights5 records
Latour Capital competitors and assessment
Company assessmentDirect peers
- Ardian: One of Europe's largest privately-held PE firms with a mid-to-large cap French focus and parallel growth, buyout and secondaries strategies. Frequently co-invests with Latour (e.g. Groupe RG, Syclef), making it the closest operational peer in size and mandate.
- Eurazeo: Large publicly-traded French PE firm with overlapping mid/large-cap European mandate and a similar focus on French corporate carve-outs. Same customer universe (large French groups seeking divestitures) and similar portfolio mix across business services and industrials.
- PAI Partners: European mid-to-large cap PE firm headquartered in Paris with a long-standing focus on majority stakes in French and European companies. Comparable on ticket size, geographic focus, and active operational value-creation approach.
- Astorg: Paris-based mid-market PE firm specializing in European buyouts, particularly in business services and industrials. Direct competitor for French carve-out mandates and a known recruiter of Latour's alumni (e.g. Kamil Tazi joined Latour from Astorg in 2025).
- Montefiore Investment: French mid-market PE firm focused on services, healthcare and consumer. Co-invested with Latour in European Digital Group (EDG), confirming direct overlap in target sourcing and ticket sizing.
- Tikehau Capital: Listed French alternative asset manager with private equity, real assets and credit strategies. Sold Visco to Latour (2024), establishing direct deal-flow overlap, and operates a comparable mid-market European buyout strategy.
- Naxicap Partners: French mid-market PE firm (part of BPCE group) with a similar mid-cap French buyout mandate. Directly competes for French SME/MidCap carve-outs and has overlapping sector preferences in business services.
- LBO France: Paris-based mid-market PE and real estate manager with multi-strategy funds of comparable vintage. Competes with Latour on French mid-market buyouts and small-cap transactions.
- Bridgepoint: European mid-to-large cap PE firm. Took joint control of Primonial alongside Latour in 2019, evidencing direct co-investment overlap; competes in the same European mid-market segment.
- Equistone Partners Europe: Pan-European mid-market buyout firm (ex-Barclays Private Equity) with a French office. Closely comparable on ticket size, sector tilt (business services, industrials), and pan-European origination approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Latour Capital social profiles
Digital presenceLatour Capital compliance and trust
Trust signalCompliance6 records
Latour Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Latour Capital leadership team
Management profileNumber of profiles
Profiles15 records
Latour Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Latour Capital M&A and investment
M&A and investmentM&A17 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Latour Capital
What does Latour Capital do?
Latour Capital is an independent French private equity management company that invests through its own funds (Latour Capital I-IV, Latour Small I, and Emergence Défense) in French and European companies. It takes majority and minority equity stakes in development capital and transmission capital (LBO/MBO) transactions, with a particular focus on carve-outs of non-strategic divisions of large groups. The firm generates revenue from management fees on assets under management (currently ~€5 billion) and carried interest on fund performance.
Is Latour Capital a public or private company?
Latour Capital is a private company. It is classified as management employee owned and is currently operating.
When was Latour Capital founded?
Latour Capital was founded in 2011. It employs 11 to 50 people.
Where is Latour Capital based?
Latour Capital is headquartered in Paris, France, in the Europe region.
How does Latour Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Performance Fees).
Who are Latour Capital's main competitors?
Direct peers on record are Ardian, Eurazeo, PAI Partners, Astorg, Montefiore Investment, Tikehau Capital, Naxicap Partners, LBO France, Bridgepoint and Equistone Partners Europe.
Does Latour Capital have an API?
No public API is recorded for Latour Capital.
What industry is Latour Capital in?
Latour Capital's product category is Private Equity Management. Its primary akta.pro industry code is FSANALAB, Independent Sponsor / Fundless Sponsor ETA, with a secondary code of FSANALAJ, Geography-Focused ETA (e.g., LATAM/Europe/Asia). Its NAICS code is 523940 and its SIC code is 6799.