Private Equity Firm Business Services

Cobepa

Brussels, Belgium

Cobepa is an independent, privately held investment company and private equity investor. The firm partners with management teams and focuses on responsible long-term investing, with offices in Brussels and New York.

Focus Areas
Private equity investments, Healthcare, Business services
Website
www.cobepa.com

Tracked deals

15

15 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

10 buyout · 3 growth capital · 1 addon

Cobepa Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Cobepa. 2 2020 4 2021 3 2022 4 2024 2 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 15 tracked deals for Cobepa.

  • Buyer
    Cobepa S.A.
    Target
    Eagle Fire
    Seller
    Rosewood Private Investments
    Type
    Buyout

    Cobepa S.A. has completed the acquisition of Eagle Fire, a Richmond, Virginia-based provider of fire and life safety services, in partnership with Eagle Fire management. The investment — with previous majority owner Rosewood Private Investments remaining a meaningful investor — is intended to accelerate Eagle Fire's organic and inorganic growth and expand its geographic reach and capabilities across the southeastern U.S.

  • Buyer
    Cobepa
    Target
    Itineris
    Seller
    PMV, Gimv, Smartfin, SFPIM
    Industry
    Software
    Location
    East Flanders, Belgium
    Type
    Buyout

    Cobepa has signed an agreement to acquire a majority stake in Itineris, a Ghent-based provider of customer information systems and utility software. Existing institutional investors PMV, Gimv, Smartfin and SFPIM will exit, while founder and CEO Edgard Vermeersch remains the largest non-institutional shareholder; the investment is intended to accelerate growth, expand Itineris' global footprint, and strengthen its software capabilities for water and energy utilities.

  • Buyer
    SmartSD, Cobepa
    Target
    DERO Security Products
    Location
    North Brabant, Netherlands
    Type
    Addon

    SmartSD, a Cobepa-backed Benelux distributor of security technology, has completed the acquisition of DERO Security Products, a security equipment distributor based in Eindhoven, Netherlands. The add-on deal expands SmartSD's product portfolio and customer reach across the Benelux while enabling cross-selling and operational efficiencies in warehousing and logistics.

  • Buyer
    Cobepa, Amundi Private Equity Funds, Ascentiel management team, Bertrand Liber
    Target
    Ascentiel Groupe
    Seller
    IK Small Cap II (IK Partners), ISAI Gestion, Bertrand Liber
    Industry
    Insurance
    Location
    Île-de-France, France
    Type
    Buyout

    Cobepa has acquired a majority stake in Ascentiel Groupe, a French digital property & casualty insurance brokerage, in partnership with Ascentiel's management; Amundi Private Equity Funds took a minority stake. The sellers were IK Small Cap II (IK Partners), ISAI Gestion and Bertrand Liber (who reinvested); the deal closed on 19 December 2024 and Ascentiel will continue pursuing niche P&C and European expansion.

  • Buyer
    Cobepa, Inflexion, Eric Everard
    Target
    Easyfairs
    Location
    Brussels, Belgium
    Type
    Buyout

    Cobepa and Inflexion have completed an acquisition investment in Brussels-based event organiser Easyfairs, with founder Eric Everard reinvesting and joining as an equal partner. The partnership will support geographic expansion through new event launches and geo-cloning, strengthen Easyfairs' data and AI capabilities, and enable further strategic M&A.

  • Buyer
    Cobepa
    Target
    SmartSD
    Seller
    Smile Invest
    Location
    North Brabant, Netherlands
    Type
    Buyout

    Cobepa has acquired a majority stake in SmartSD, a Breda-based B2B distributor of security and fire-safety solutions, in partnership with SmartSD's founders, management and existing investor Smile Invest (which remains a minority shareholder). The investment will support SmartSD's continued organic growth, pan‑European expansion through M&A, and further development of its digital e‑commerce platform and service offerings.

  • Buyer
    Cobepa S.A., The Jordan Company, L.P., Ned Stevens management team
    Target
    Ned Stevens
    Seller
    AVALT
    Type
    Buyout

    Cobepa S.A. has acquired Ned Stevens from family office AVALT in a transaction completed with co-investment from The Jordan Company and Ned Stevens' existing management team; AVALT will remain a minority investor. Ned Stevens, founded in 1965 and headquartered in Fairfield, New Jersey, is a leading provider of exterior residential services operating in 15 states and serving over 140,000 customers; Cobepa intends to support organic and inorganic growth of the business.

  • Buyer
    Cobepa
    Target
    Salice S.p.A.
    Seller
    Salice family (third-generation family shareholders)
    Industry
    Manufacturing
    Location
    Lombardy, Italy
    Type
    Buyout

    Belgian investment company Cobepa has acquired a majority stake in Salice S.p.A., the Italian family-owned manufacturer of furniture fittings, opening systems and wardrobe accessories. The Salice family will remain minority shareholders and retain management roles as Cobepa aims to support Salice's geographic expansion and new market penetration to accelerate growth.

  • Buyer
    Cobepa S.A.
    Target
    Reaction Biology

    Cobepa S.A. completed a growth investment in Reaction Biology to support expansion of the CRO's drug discovery capabilities and global footprint. The transaction includes financing from Golub Capital and coincides with the appointment of John H. Johnson as Reaction Biology's CEO.

  • Buyer
    Cinven, Cobepa S.A.
    Target
    BioAgilytix
    Seller
    GHO Capital Partners (GHO Capital)

    International private equity firm Cinven has agreed to acquire a majority stake in BioAgilytix through a recapitalization, with current investor Cobepa remaining a significant minority investor. GHO Capital has realised its investment and will exit; the transaction will provide funding to support BioAgilytix’s international expansion, capacity and capability investments, and buy-and-build strategy in large-molecule bioanalytical services. BioAgilytix is headquartered in Durham, North Carolina and employs about 870 staff across the United States, Europe and Australia.

  • Buyer
    Enoflex / Crealis Group, Cobepa
    Target
    Pe.Di
    Seller
    Di Crescenzo family
    Industry
    Manufacturing
    Location
    Piedmont, Italy
    Type
    Buyout

    Enoflex (now operating under the Crealis Group umbrella) has acquired 100% of Italian closure maker Pe.Di, signing the purchase agreement on September 17. The Di Crescenzo family exited the share capital but will remain active in the business; Pe.Di brings complementary high-quality crown caps and tamper-proof closures, two production sites (Ivrea, Italy and Pierry, France), ~40 employees and ~€9m revenue (2020).

  • Buyer
    Astorg, Cobepa
    Target
    Corsearch
    Seller
    Audax Private Equity
    Industry
    Software
    Location
    United Kingdom
    Type
    Buyout

    Astorg has completed the acquisition of Corsearch from Audax Private Equity, with Cobepa investing alongside Astorg. Corsearch, a provider of trademark research, online brand protection and IP management software and services, will continue to be led by CEO Tobias (Tobi) Hartmann; terms were not disclosed and Audax will retain a minority stake.

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