One Two Capital

Partners Casper Bannet and Béla von Blomberg lead the firm. The website lists them as the two principals, supported by a compact team that includes senior associates, associates, and a dedicated value creation associate. No separate investment committee or external advisory board is disclosed.

It operates as an independent investment company using its own balance sheet rather than raising blind-pool funds from limited partners. The firm does not disclose any family-office lineage. This permanent-capital structure eliminates fund-life constraints and allows for flexible holding periods.

The firm targets majority ownership, explicitly stating it seeks stakes above 50%. This aligns with its hands-on operating model and concentrated portfolio of Benelux mid-market companies.

It writes equity checks between €5 and €25 million per transaction and focuses on companies with €2 million to €10 million in EBITDA. The firm does not specify a minimum or maximum for total enterprise value.

The firm does not publish a formal exclusion list. Based on its disclosed portfolio, it concentrates on business services, HR, technology, IT, and healthcare. It has no visible exposure to hard assets, industrials, or consumer brands outside of e-commerce enablement.

The firm embeds its own team alongside portfolio management and supplements that with an external network of successful entrepreneurs, corporate leaders, and industry experts. It describes this as a 'no-nonsense hands-on approach' rather than a formalized operating-partner program, with a dedicated value creation associate on staff.

The firm has not disclosed any fund-of-funds activity or LP commitments to external managers. All public information points to a pure direct-investment strategy concentrated on Benelux mid-market control deals.