Chequers Capital
Private equityParis · Growth–Late Stage · 27 people tracked
Also known as CHEQUERS PARTENAIRES SA
Investment thesis
Chequers Capital specializes in pan-European mid-cap buyouts, concentrating on B2B businesses. The firm offers a flexible capital structure, investing as either a majority or minority partner, and can commit up to €150m of equity per transaction. It takes a long-term view and provides continuous support to entrepreneurs and managers, drawing on an ecosystem of executive experts and an integrated one-team approach with local presence across mainland Europe. The firm emphasizes sharing value creation with the businesses it backs.
Source: firm website, verified Aug 25, 2026.
Team · 27 people
from the firm's website
What they invest in
from 15 of 17 portfolio companiesEnterprise Software ×6Cybersecurity ×5Advanced Manufacturing ×3Cloud Computing ×3Hardware ×2InsurTech ×2Logistics & Supply Chain ×2Mobility & Transportation ×2
HQs:France×4Italy×4Belgium×1Germany×1
Investments · 17 tracked
founders shown can be your intro pathAlliance Étiquettes is a family-owned label printing group that produces custom labels using various techniques and finishes for sectors including wines and spirits, gourmet food, brewers, wellness, perfumes and cosmetics, and industrial goods.
Advanced ManufacturingNew Materials
Co-investorsActiva Capital
ConformGest is an Italian services company that manages both conventional warranties and legal conformity guarantees on behalf of sellers, handling after-sales support and reducing sellers' time loss and potential legal actions.
InsurTechSaaS
Co-investorsVAM Investments
ERIS is a fire safety and electronic security integrator serving sites across the Île-de-France region, providing fire detection, smoke extraction, and electronic security systems.
CybersecurityEnterprise SoftwareHardware
Syserso plans, builds, and supports high-performance ICT and telecom networks for operators of critical infrastructure as well as private and public network operators.
CybersecurityEnterprise SoftwareIoT
Jiliti is an IT services provider covering maintenance, on-premise operations, cloud, network, and security services, along with managed services and a dashboard for monitoring IT infrastructure.
Cloud ComputingCybersecurityEnterprise Software
Nayak Aircraft Services is an independent MRO (maintenance, repair, and overhaul) provider offering line, base, and specialised maintenance for commercial aircraft including Boeing, Airbus, Embraer, and Fokker.
HardwareMobility & Transportation
Phoenix is an Italian manufacturer engaged in the design and production of goods, with operations and delivery logistics across Italy and Europe.
Advanced ManufacturingVerdello, IT
Roberto Rusticelli(Chairman and CEO)
SERMA is a technically-focused company that offers training solutions, delivered in-house, inter-company, remotely, or customized to client needs.
Deep Tech
The Spandex Group is a supplier to the visual communications market, developing, manufacturing and distributing materials, self-adhesive films, digitally printable textiles and related services.
Advanced ManufacturingLogistics & Supply ChainNew Materials
Fund performance · per public LP disclosures
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Chequers Capital XVII, L.P.LPs: District of Columbia Retirement Board | 2017 | — | 15.2% | 1.63x | 1.20x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Chequers Capital made?
- Chequers Capital has 17 tracked investments.
- What stage does Chequers Capital invest at?
- Chequers Capital invests at the Growth, Late Stage stages.
- What is Chequers Capital's typical check size?
- Chequers Capital typically writes checks of $162M.
- What sectors does Chequers Capital focus on?
- Chequers Capital focuses on Sector Agnostic.
- Where is Chequers Capital located?
- Chequers Capital is headquartered in Paris, FR.
- Does Chequers Capital lead rounds?
- Yes, Chequers Capital leads investment rounds.
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