Apse Capital
Apse Capital is a London-based independent European private equity firm investing growth capital and buyouts into tech-enabled B2B businesses (€50M–€200M EV), managed by a four-person team that has executed €2.5 billion of transactions since 2015.
- Company typePrivate
- Founded2019
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Apse Capital does
Apse Capital is an independent European private equity firm headquartered in London that specializes in growth capital and buyout investments in tech-enabled B2B information and services businesses across Europe. The firm partners with high-quality management teams across the spectrum from founder-owned enterprises to corporate carve-outs, with a typical enterprise value range of €50 million to €200 million and sector focus spanning e-learning and HCM, Cloud/Managed Services, B2B information services, IoT/M2M, FinTech, Healthcare IT/Data, SaaS, and OOH Advertising. Revenue is generated through traditional private equity fund management economics — management fees on funds under management plus carried interest on realizations — with the most recent milestone being a €350 million continuation fund closed in November 2024 led by J.P. Morgan Asset Management to acquire and provide ongoing capital to portfolio companies TerraQuest, Kallidus, and Ultima Business Solutions.
The firm operates through a core four-person investment team (Managing Partner Tim Green, Partner & CFO Ashley Long, Partner Vikram Krishna, and Principal Jean-Sébastien Talbot) with 80 years of combined private equity experience and over 15 years of working together. The team has overseen 43 transactions, financings, and fundraisings with an aggregate value of €2.5 billion since 2015, primarily advised on through predecessor firm GMT Communications Partners and now under the Apse Capital brand (renamed effective 18 August 2025). Apse Capital LLP is incorporated in England and Wales (Registration Number OC313785), regulated and authorized by the UK Financial Conduct Authority (FRN 441230), and is classified as a small and non-interconnected MIFIDPRU Investment Firm. The firm is restricted to advising qualified Private Funds and is not authorized to deal with retail investors.
Apse Capital firmographics
Firmographics- Name
- Apse Capital
- Legal name
- Apse Capital LLP
- Website
- https://apsecapital.com/
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Apse Capital is a London-based independent European private equity firm investing growth capital and buyouts into tech-enabled B2B businesses (€50M–€200M EV), managed by a four-person team that has executed €2.5 billion of transactions since 2015.
- Ownership category
- akta.pro rank
Apse Capital industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Technology & Software Growth Equity (FSANACAA)
- akta.pro secondary industry
- Business Services (B2B) Growth Equity (FSANACAD)
Keywords
Where Apse Capital is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Apse Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Private Equity Fund Management: Apse Capital generates revenue through private equity fund management, including management fees on funds under management and carried interest (performance fees) on investment returns. The firm completed a €350 million continuation fund in November 2024.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Apse Capital product offering
Product offeringCore offering
Apse Capital is an independent European private equity firm providing growth capital and buyout financing to high-quality management teams of tech-enabled B2B information and services businesses in high-growth sectors of the European digital economy. Typical enterprise value range is €50 million to €200 million, covering founder-owned enterprises through corporate carve-outs. The firm also manages a €350 million continuation fund (closed November 2024) backing portfolio companies TerraQuest, Kallidus, and Ultima Business Solutions.
Product overview
Apse Capital is an independent European private equity firm offering a unified investment platform focused on buyout and development capital opportunities. The firm partners with high-quality management teams to grow European tech-enabled B2B information and services businesses, typically investing in companies with enterprise values between €50 million and €200 million. Their portfolio companies operate across sectors including E-learning and HCM, Cloud/Managed Services, B2B information services, IOT/M2M, FinTech, Healthcare IT/Data, SaaS and OOH Advertising. The firm also manages a €350 million continuation fund for its portfolio companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Capital Investment Strategic investment in high-quality management teams to help scale and transform businesses, develop new markets, create platforms, and maximise value. Typical enterprise value range is from €50 million to €200 million. Targeted at European tech-enabled B2B information and services businesses in high-growth sectors.
- Buyout Opportunities Partnership with high-quality management teams for buyout transactions, supporting businesses from founder-owned enterprises to corporate carve-outs. Firm invests over the spectrum of development capital to buyouts in European tech-enabled B2B sectors.
- Continuation Fund (€350M) A €350 million continuation fund led by J.P. Morgan Asset Management to acquire and continue to develop three portfolio companies: TerraQuest, Kallidus, and Ultima Business Solutions, supporting their growth and strategic M&A activities in the UK, US, and Canada.
Quantifiable outcome
- €2.5 billion aggregate transaction value executed since 2015
- +2 more outcomes
Companies that use Apse Capital
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles2 records
Apse Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Apse Capital partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights4 records
Apse Capital competitors and assessment
Company assessmentDirect peers
- Lyceum Capital: UK mid-market private equity firm focused on technology-enabled B2B services and software businesses at similar enterprise value ranges. Most directly comparable by geography, sector focus, and lower mid-market ticket size.
- August Equity: UK lower mid-market private equity firm investing in UK service and technology-enabled businesses with enterprise values typically between £20M–£150M. Comparable investment size and B2B services orientation.
- ECI Partners: UK mid-market private equity investor focused on growth buyouts in tech-enabled B2B services, software, and information businesses at comparable ticket sizes to Apse's €50M–€200M range.
- NorthEdge Capital: UK mid-market private equity firm backing ambitious management teams in tech-enabled services and specialist B2B sectors with similar enterprise value parameters.
- Frog Capital: European growth-equity firm investing in tech-enabled B2B software and services companies across the UK and Western Europe. Closely comparable by sector, geography, and growth/buyout mandate.
- Kennet Partners: European technology growth equity firm backing B2B SaaS and tech-enabled services companies at similar lower mid-market valuations. Direct overlap in SaaS, FinTech and Cloud theses.
- YFM Equity Partners: UK-focused lower mid-market PE investor backing management teams in tech-enabled and B2B service businesses with comparable deal sizes and growth/buyout structures.
Broad incumbents
- Bridgepoint Group: Large European mid-market PE platform investing across business services and technology-enabled sectors. Overlapping interest in European B2B services but at materially larger scale and broader sector mandate.
- Mid Europa Partners: Pan-European private equity firm focused on mid-market buyouts including technology-enabled services. Comparable thesis but larger fund sizes and broader CEE/Central Europe orientation.
Regional players
- Penta Capital: European mid-market PE firm investing in tech-enabled B2B services and software. Comparable strategy but with stronger Southern European and Iberian exposure versus Apse's UK-centric footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Apse Capital social profiles
Digital presenceApse Capital compliance and trust
Trust signalCompliance4 records
Apse Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apse Capital leadership team
Management profileNumber of profiles
Profiles4 records
Apse Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apse Capital M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Apse Capital
What does Apse Capital do?
Apse Capital is an independent European private equity firm providing growth capital and buyout financing to high-quality management teams of tech-enabled B2B information and services businesses in high-growth sectors of the European digital economy. Typical enterprise value range is €50 million to €200 million, covering founder-owned enterprises through corporate carve-outs. The firm also manages a €350 million continuation fund (closed November 2024) backing portfolio companies TerraQuest, Kallidus, and Ultima Business Solutions.
Is Apse Capital a public or private company?
Apse Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Apse Capital founded?
Apse Capital was founded in 2019. It employs 11 to 50 people.
Where is Apse Capital based?
Apse Capital is headquartered in London, United Kingdom, in the Europe region.
How does Apse Capital make money?
One revenue line is on record: private Equity Fund Management.
Who are Apse Capital's main competitors?
Direct peers on record are Lyceum Capital, August Equity, ECI Partners, NorthEdge Capital, Frog Capital, Kennet Partners and YFM Equity Partners. Broad incumbents are Bridgepoint Group and Mid Europa Partners. Penta Capital is listed as a regional player.
Does Apse Capital have an API?
No public API is recorded for Apse Capital.
What industry is Apse Capital in?
Apse Capital's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity, with a secondary code of FSANACAD, Business Services (B2B) Growth Equity. Its NAICS code is 52394 and its SIC code is 6282.