Tioopo Capital

Alain and Bertrand Demarez, who co-founded the firm in 2016, share managing partner duties and jointly lead the investment committee. Both previously worked at Eurazeo, where they focused on mid-market buyouts across Europe. No additional investment committee members have been publicly disclosed.

The firm sources deals primarily through bilateral, off-market succession situations — engaging founders directly via referral networks of accountants, wealth advisers, and regional tax advisors in France, Spain, and the Benelux region. Tioopo largely avoids formal auction processes, positioning itself as the sole counterparty for retiring owner-operators without family successors.

Tioopo Capital operates as a conventional private equity firm raising institutional third-party capital, not a single-family office. Its most recent vehicle, Tioopo Capital II SCSp, closed with EUR 180 million in commitments from European family offices and institutional limited partners in September 2024 (per Luxembourg Business Registers).

Tioopo targets control-stake buyouts of mature, profitable small and medium-sized enterprises — writing equity checks between EUR 10 million and EUR 50 million. The firm does not pursue minority growth equity or venture-stage investments.

Based on its disclosed portfolio and sourcing patterns, Tioopo avoids capital-intensive industrial sectors, real estate, and retail. The firm concentrates on asset-light services sectors with recurring or contractual revenue profiles — specifically enterprise software, healthcare services, and business services.

Tiooopo has not publicly disclosed a co-investment program or structured co-investment rights for limited partners. The firm's deal-by-deal structure and succession-sourcing model suggest minimal historical reliance on club deals or syndicated co-investments alongside other private equity firms.