Updated:
WAD Capital
WAD Capital is an institutional search fund focused on European SME acquisition. It partners with executives to acquire established businesses in B2B services,...
WAD Capital
WAD Capital is an institutional search fund focused on European SME acquisition. It partners with executives to acquire established businesses in B2B services, energy transition, and healthcare, bridging the gap when founders retire. The firm evaluates entrepreneurial candidates and facilitates ownership transitions through capable CEOs, supported by family offices, institutional investors, and international entrepreneurs.
General information
Firm type
Private Equity
Year founded
2023
Location
Region
Europe
Country
Belgium
City
Ghent
Corporate office
Ghent, Belgium
Principals
Christopher Tournis Gamble
Managing Partner
Etienne Van den Bogaert
Antoine Fierens
Jan Schüller
Nina Bos
Sammy Lasseel
Mathieu Loquet
Frédéric Schilling
Guy-Louis de le Vingne
Steven Bourgeois
Thomas Muyldermans
Ulrik Vercruysse
Peter van den Steen
Michaël Vandelaer
Kristof Lemahieu
Sector focus
Frequently asked questions
What types of transactions does WAD Capital pursue?
The firm targets buyout, growth, and succession situations in the Belgian lower mid-market. The core deal type is a majority acquisition from a founding owner seeking an exit, often coupled with a professionalization mandate — installing financial and operational discipline in a business that has outgrown its founder-led structure.
How does WAD Capital source deals?
The firm's deal flow is relationship-driven, built on referrals from accountants, lawyers, and business owners in the Ghent-Flanders corridor and broader Belgium. In succession-heavy markets, origination favors buyers who have been visible and active locally over multiple years — a model that resists replication by larger, less embedded competitors.
Does WAD Capital co-invest alongside other firms or limited partners?
WAD Capital has not disclosed its co-investment practices. As a lower-mid-market manager focused on majority control, typical practice in the region is to syndicate larger transactions selectively with like-minded local firms, but no specific co-investment partners are a matter of public record.
Where does the underlying capital come from?
WAD Capital does not publicly disclose its limited partner base or capital structure. Regional firms of this profile are often backed by a mix of Belgian family offices, high-net-worth individuals, and occasionally institutional investors such as regional development funds or fund-of-funds focused on Benelux small-cap private equity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on private equity firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: