WAD Capital Secures €67.5 Mn for SME Acquisition Strategy Across Europe

The European Investment Fund (EIF) invested €25 million, making it the largest investor in WAD Capital’s first fund.

Based in Ghent, Belgium, WAD Capital invests in small and mid-sized European companies that are facing leadership or succession problems.

WAD Capital then works with carefully selected operators to take over and run these businesses. The firm plans to grow its fund from €67.5 million to a target of €130 million

Robert de Groot, Vice President of the EIB Group, said, “Europe is home to many successful SMEs with strong growth potential, which need both capital and entrepreneurial talent to pursue their growth path and reach the next stage. WAD Capital’s innovative approach helps a new generation of entrepreneurs take over established businesses and grow them further.

“Eight acquisitions in less than a year and a substantial investment from the European Investment Fund. This shows our model is scalable, and that Europe also recognises the importance of what we do,” said Steven Coppens, Managing Partner at WAD Capital.

Founded in 2023 by Christopher Tournis Gamble, Steven Coppens, and Alain Brossé, WAD Capital is building a large investment platform in Europe focused on “Entrepreneurship Through Acquisition.”

The firm invests in profitable small and medium-sized businesses (SMEs) with annual EBITDA of €1 million to €5 million. It mainly targets companies in the Benelux, northern France, and western Germany, especially in healthcare, energy and climate transition, and business services.

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