Investing differently
Supporting your growth journey.
B & Capital is an active and independent investor supporting ambitious SMEs in their growth projects.
Our mission: to act as a catalyst for their transformation — sustainably.
OUR APPROACH
Accelerating growth
and transformation
for SMEs.
B & Capital supports SMEs in their growth and transformation projects — either as a majority or minority shareholder — working closely with their leadership teams. In partnership with Roland Berger, B & Capital helps ambitious SMEs deliver on their development plans and unlock their full potential.
What they say about us.
Leaders from both current and former portfolio companies share their views on the strength of our value proposition — and what it has helped them achieve.
A sustainable and responsible investment approach.
Because we believe that environmental, social, and governance (ESG) considerations are key drivers of long‑term value creation, we support every portfolio company on its sustainability journey.
NEWS
News & expert insights.
Paris, September 8, 2026
Ten years ago, we founded B & Capital on a simple conviction: beyond capital, French SMEs need strategic expertise and operational support. This philosophy has guided the success of our first two funds, RB Capital France 1 (2018) and RB Capital France 2 (2023), which raised over 530 million euros from institutional investors, family offices and private investors.
Today, we are taking a new step by opening the doors to the French Small Cap market.
An opportunity to seize in Small Cap
The Small Cap segment is full of outstanding SMEs with a valuation between 5 and 15 M€ that have genuine value creation potential. These growing companies operate in our core sectors: business services, healthcare, distribution, technology, specialized industries and environment.
In these sectors, consolidation, digitalization, AI and sustainability are concrete levers for value creation. We are convinced that the best strategies to activate them come from dialogue between patient capital and true operational expertise.
That’s exactly our value proposition. And it works just as well in Small Cap as it does in mid-cap.
A continuum of growth
With tickets ranging from 5 to 15 M€, RB Small Cap France 1 complements our investment range.
The fund targets fundraising of 120 to 130 million euros and will apply exactly the same approach as its predecessors: combining capital, strategic expertise and operational support, leveraging Roland Berger’s network and sectoral expertise.
A team with conviction
To lead this new venture, we are welcoming Marianne Harlé as Associate Director.
Marianne brings nearly 20 years of experience in investment and support for small businesses. She is accompanied by Thibault Menel, Director of Investments, with whom she shares more than a decade of working together.
Marianne and Thibault deeply share B & Capital’s philosophy: Small Cap is not a question of average ticket size, it’s a question of quality of support. Of dialogue. Of fine-grained understanding of each company’s operational challenges.
- B & Capital
Paris, March 17, 2026
B&Capital announces the international expansion of the SSM Group, a portfolio company of the RB Capital France 2 fund since March 23, 2023, through two strategic transactions: a majority stake acquisition in the American company SME and an equity investment in the Australian company MI Global Partners, alongside their founders and management teams.
These acquisitions mark a decisive milestone in SSM’s international development and strengthen its presence in two strategic regions for the global sports and entertainment industry.
About SME (United States)
Based in North Carolina, SME (Specialized Marketing Experiences) specializes in experiential marketing and brand activation. The company designs and operates premium hospitality spaces for brands at major events:
- NFL games
- Motorsport competitions
- Cultural and music festivals
Active across the entire United States, SME will be involved in particular in activation programs tied to the upcoming FIFA World Cup, hosted across the United States, Canada, and Mexico.
About MI Global Partners (Australia)
Founded in 2001, MI Global Partners is a well-established Australian consulting firm recognized for its expertise in complex event project management, particularly in sport.
- Operations in more than 30 countries
- Participation in every Summer Olympic Games since Sydney 2000
- Offices in Sydney and Brisbane
- B Corp certified company
This transaction durably strengthens SSM’s presence in the Asia-Pacific region and in the world of major global events.
Objectives of this dual expansion
- Accelerate the internationalization strategy of the SSM Group
- Strengthen expertise in sportainment and brand activation
- Build a solid platform in the United States and Australia
- Support major sporting events over the next ten years across these continents
- Acquisition
Paris, February 4, 2026
We are proud to announce that Humanskills, one of our portfolio companies, has been awarded the B Corp™ certification — one of the most rigorous labels for social, societal, and environmental impact.
Humanskills is now the second B & Capital portfolio company to join the B Corp™ community.
This recognition reflects the team’s long‑term commitment and highlights the progress pathways we strive to foster across our portfolio.
Congratulations to the entire Humanskills team on achieving this major milestone.
- ESG
HERE TO LISTEN
A dedicated point of contact.
Because the best strategies are built through dialogue.
