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Buyout PE

Rivean Capital

Rivean Capital acquires controlling stakes in established, profitable businesses, from Belgium, Germany, Italy, Netherlands, Switzerland. It states a focus on software & internet, healthcare & life sciences, business & professional services and industrials & manufacturing.

Capital raised$84macross 2 SEC-filed vehicles
Most recent fund2023filing since 2022
HeadquartersBelgium, Germany, Italy, Netherlands, Switzerland
Largest single fund$63m

Stated investment criteria

What Rivean Capital says it buys

Read from Rivean Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Enterprise value it states€100m to €500m1
People listed on its team page572

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Rivean Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Rivean Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raised$84m
Largest single vehicle$63m
Filing history2022 to 2023
Smallest accepted commitmentNone stated
Filed fromLUXEMBOURG

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Rivean Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised11 · $2.7bn gross
SEC adviser numberCRD 162161

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Rivean Capital lists on its own website. 4 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
Green Mobility Holding20233
Intero Integrity Services20242
Perbility20242
Corilus20251
2Connect
AMAS
AXA Stenman
AXA Stenman Industries
Ace Pharmaceuticals
Acture
Agilitas Group
Ammeraal Beltech
Amor Group
Armacell
Arovit
Autodistribution
Bekaert Textiles
Best4tires
Betafence
CABB
CED
Capacity
Cid Lines
Clear Edge Filtration
Comcave
Continental Sweets
Crowe Foederer
DOC Data
Dataciders
Die Menü-Manufaktur Hofmann
Dimension Polyant
Drie Mollen Group
ELCEE
Eichholtz
Eismann
Engelmann
Enstall
Euretco
Financial Support Services
GB Ingredients
Gelderse Papiergroep
Hans Anders Retail Group
Hebu
Heiploeg
Homann
IPSO Group
Init Ag Fur Digitale Kommunikation
Inversco
Janssen Pers
Janssen de Jong
Kinkelder
Koninklijke Gazelle
Kosan
La Couronne
Losberger De Boer
MBK Fincom
Maxeres
Muon
Nedschroef
Norit
Novagraaf
Novasep
Noviant
Oystershell
Pickenpack
Plastal
Plukon Food Group
Powerlines
Pro Gamers Group
Rahbekfisk
Riri
Roompot
Royal Reesink
Smit Transformatoren
Soundronic
Spandex
Speyzer
Staedean
Stankiewicz
Stokvis Tapes Group
Storio
Strijbos International
Swets
Synbra
TMC
Tas
Teleplan
Ten Cate Group Holding
TenCate Advanced Armour
TenCate Advanced Composites
TenCate Geosynthetics
TenCate Grass
Tencate Protective Fabrics
Thermphos
Tonerpartner
Trega / Sphinx Tiles
Trend Design
Trustteam
Valcon
Vendor Holding
Vestas Wind Systems
Vivera
Wilvo Group
XD Connects
Znd
kdg Mediatech

Compiled from Rivean Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Rivean Capital is named as buyer or seller in the transaction archive. 3 recorded exits, most recently in 2022. 3 recorded acquisitions.

CompanySideCounterpartyYearConsideration
MuonSoldIDEX2022$789m
ViveraSoldJBS2021$384m
To-IncreaseBoughtColumbus2020$127m
ReesinkBought2016$314m
AXA Stenman Industries NVSoldAllegion2015$208m
TenCate Protective FabricsBought2015$761m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other buyout pe investors active in software & internet.