Latour Capital

Latour Capital pursues control buyouts, corporate divestitures and complex carve-outs in the French and Benelux mid-market. It targets industrial, business-services and healthcare-services companies with enterprise values between €50 million and €300 million, deploying equity tickets of €20 million to €100 million. The firm is sector-concentrated rather than generalist, and its operating model embeds engineers directly into portfolio companies for 18-to-24-month assignments to redesign operations.

Investment decisions are led by founding partners Cédric Bannel and Stanislas de Joussineau, both alumni of PAI Partners where they served as managing directors. The firm operates with a flat partnership structure and a single Paris office, without regional investment committees — all deal approvals run through the founding partners.

Latour's differentiator is operational intensity. The firm deploys interim operating executives — often former industrial plant managers or engineers — directly into portfolio companies for extended post-acquisition engagements. This model, unusual for a sub-€1 billion European buyout firm, targets procurement redesign, production logistics and pricing architecture during the hold period rather than relying solely on financial engineering.

Latour co-invests selectively with French family-owned industrial groups and engineering consultancies on a deal-by-deal basis, but does not operate a formal club-deal network or co-investor program. It does not participate in peer networks like Tiger 21 or R360, preferring bilateral relationships with industrial operators who can contribute sector expertise.

Latour Capital does not invest in consumer goods, financial services, real estate or technology-software businesses. The firm's mandate is restricted to industrial products and services, business-to-business services, and healthcare services — all within the mid-market segment. It has explicitly avoided venture-stage and growth-equity investments since inception.