Bemberg Capital's portfolio

Our main investments

Below is a selection of Bemberg Capital’s main proprietary investments

At the end of 2023, Bemberg Capital became an important shareholder of NG Group (“NG”), the Norwegian leading recycling platform. This investment further underlines the strategy of Bemberg Capital to take significant ownership positions in companies which objectives resonate with its family ownership. NG Group is a leading Nordic provider of circular solutions, committed to expediting the shift towards a circular economy. NG controls and manages a critical part of the Nordic waste management infrastructure through a large modern asset base. The group has a strong upstream presence in waste collection, logistics, sorting, pre-processing, and trading, and downstream presence in material recycling and recovery, aiming to be the pioneer in circular as well as clean energy solutions. NG has more than 2,200 employees, handles 2.3 million tons of waste and had a revenue of NOK 8.2 billion in 2022 (>€700m). The group is present in Norway, Sweden, Denmark, Finland, Poland, and the UK.

Founded in 1961 by Denis Huisman, Groupe EDH is a French network of higher education schools dedicated to communication, arts and cultural management, cinema, graphic design, 3D animation and journalism. It encompasses 14 reference brands, with more than 40 campuses in 23 cities and 6 countries. Groupe EDH schools are dedicated to training the future players in today's and tomorrow's professions, and to fostering a community of more than 60,000 alumni. 14,000 students attend every year the Groupe EDH’s schools.

Newbury is an independent secondary market specialist based outside New York City. The firm was founded in 2006 and has over $6 billion in assets under management. Newbury’s investment strategy is differentiated by its focus on small/mid-size transactions, which offer targeted asset selection and limited buyer competition. Newbury has sought to create an “all-weather” product which generates consistent and attractive risk-adjusted returns throughout macroeconomic cycles.

Ermitage is a K12 education group providing a bilingual curriculum to close to 2,000 students from the age of 3 to 18 years with three leading private international bilingual schools located in France and in Belgium. Ermitage International Bilingual School is based in Maisons-Laffitte, founded in 1941, providing two bilingual curricula to c. 1,500 students. Sainte Victoire International School is an international bilingual school based in Aix-en-Provence (South of France), with c. 210 students. Ecole Internationale Montgomery is an international bilingual school based in Brussels, with c. 200 students.

RCA is a French software editor dedicated to chartered accountants with two product lines: a BtoB advisory software suite and “MEG”, a full SaaS BtoBtoB collaborative platform. With more than 6,500 accounting firms equipped, RCA solutions are being used by c.65% of the French chartered accountants. Headquartered in Nantes, RCA has more than 200 employees.

Cabaïa is a leading omnichannel accessories brand created in 2015, commercializing backpacks, beanies and other accessories (socks, flasks, etc.). Its products are distributed mostly through a mix of DtoC (website), owned stores (30+ in France and abroad) and wholesale (through 2,000 muti-brand stores in France and abroad). Headquartered in Paris, Cabaïa has more than 100 employees. Cabaïa is a mission-based company since 2021 and a B-Corp company since 2022.

At the end of 2023, Bemberg Capital became an important shareholder of NG Group (“NG”), the Norwegian leading recycling platform. This investment further underlines the strategy of Bemberg Capital to take significant ownership positions in companies which objectives resonate with its family ownership. NG Group is a leading Nordic provider of circular solutions, committed to expediting the shift towards a circular economy. NG controls and manages a critical part of the Nordic waste management infrastructure through a large modern asset base. The group has a strong upstream presence in waste collection, logistics, sorting, pre-processing, and trading, and downstream presence in material recycling and recovery, aiming to be the pioneer in circular as well as clean energy solutions. NG has more than 2,200 employees, handles 2.3 million tons of waste and had a revenue of NOK 8.2 billion in 2022 (>€700m). The group is present in Norway, Sweden, Denmark, Finland, Poland, and the UK.

Founded in 1961 by Denis Huisman, Groupe EDH is a French network of higher education schools dedicated to communication, arts and cultural management, cinema, graphic design, 3D animation and journalism. It encompasses 14 reference brands, with more than 40 campuses in 23 cities and 6 countries. Groupe EDH schools are dedicated to training the future players in today's and tomorrow's professions, and to fostering a community of more than 60,000 alumni. 14,000 students attend every year the Groupe EDH’s schools.

Newbury is an independent secondary market specialist based outside New York City. The firm was founded in 2006 and has over $6 billion in assets under management. Newbury’s investment strategy is differentiated by its focus on small/mid-size transactions, which offer targeted asset selection and limited buyer competition. Newbury has sought to create an “all-weather” product which generates consistent and attractive risk-adjusted returns throughout macroeconomic cycles.

Ermitage is a K12 education group providing a bilingual curriculum to close to 2,000 students from the age of 3 to 18 years with three leading private international bilingual schools located in France and in Belgium. Ermitage International Bilingual School is based in Maisons-Laffitte, founded in 1941, providing two bilingual curricula to c. 1,500 students. Sainte Victoire International School is an international bilingual school based in Aix-en-Provence (South of France), with c. 210 students. Ecole Internationale Montgomery is an international bilingual school based in Brussels, with c. 200 students.

RCA is a French software editor dedicated to chartered accountants with two product lines: a BtoB advisory software suite and “MEG”, a full SaaS BtoBtoB collaborative platform. With more than 6,500 accounting firms equipped, RCA solutions are being used by c.65% of the French chartered accountants. Headquartered in Nantes, RCA has more than 200 employees.

Cabaïa is a leading omnichannel accessories brand created in 2015, commercializing backpacks, beanies and other accessories (socks, flasks, etc.). Its products are distributed mostly through a mix of DtoC (website), owned stores (30+ in France and abroad) and wholesale (through 2,000 muti-brand stores in France and abroad). Headquartered in Paris, Cabaïa has more than 100 employees. Cabaïa is a mission-based company since 2021 and a B-Corp company since 2022.

Fullers Foods (“Fullers”) is the leading, asset-light, end-to-end private label category manager of frozen food products for United Kingdom (“UK”) grocers. Across its core product categories of frozen processed potatoes, vegetables and fruit products, Fullers has leading market share. Company’s services include product sourcing, supplier management, quality assurance, new product development, packaging design and inventory and logistics management. Company was founded by the Fuller family in 1876 and focused exclusively on the wholesale grocery trade until the 1970s when the Company began to reorient towards frozen food distribution.

Les Secrets de Loly (“LSL”) is a fast-growing natural hair care brand dedicated to textured hair (i.e., wavy, curly and frizzy). LSL is the #1 independent player in France on the textured hair segment thanks to strong fundamentals (best-in-class products, loyal customer base, top natural brand awareness and strong brand image). LSL commercializes a range of products with natural ingredients (shampoo, conditioner, hairstyling and leave-in care products). LSL has a multi channel distribution model (DtoC, online resellers, retailers and distributors to professional market) and a strong online presence.

Exer (formally UrgentMED) is a leading provider of comprehensive healthcare services through its footprint of 55 urgent care clinics (“UCCs”) across Southern California (United States). In July 2023, Exer and UrgentMED merged under the Exer name to become the leading independent urgent care platform in Southern California. UCCs are walk-in medical clinics delivering medical care outside of hospital emergency rooms. Core urgent care services offered include examinations, surgical wound care, diagnostics, physical exams and virus testing and treatment, as well as various ancillary services. Exer has developed a reputation for providing excellent quality care and an exceptional patient experience through its expansive network of UCCs in prime neighborhoods throughout Southern California. Neighborhoods served include Los Angeles, Orange and Ventura counties.

Solem is a state-of-the art designer and assembler of connected devices focused on telecare, irrigation and pool founded in 1984 and managed by Frédéric Comte since 2016. Initially founded as a contract manufacturer of electronic irrigation devices for a global outdoor equipment company, Solem started to diversify away from its OEM contract with the arrival of its current CEO, Frédéric Comte. Solem is positioned on niche technical markets (long autonomy, long range), exclusively focused on BtoB customers (telecare services operators, irrigation professionals, pool installers, etc.) and its products are generally sold through distributors.

Fullers Foods (“Fullers”) is the leading, asset-light, end-to-end private label category manager of frozen food products for United Kingdom (“UK”) grocers. Across its core product categories of frozen processed potatoes, vegetables and fruit products, Fullers has leading market share. Company’s services include product sourcing, supplier management, quality assurance, new product development, packaging design and inventory and logistics management. Company was founded by the Fuller family in 1876 and focused exclusively on the wholesale grocery trade until the 1970s when the Company began to reorient towards frozen food distribution.

Les Secrets de Loly (“LSL”) is a fast-growing natural hair care brand dedicated to textured hair (i.e., wavy, curly and frizzy). LSL is the #1 independent player in France on the textured hair segment thanks to strong fundamentals (best-in-class products, loyal customer base, top natural brand awareness and strong brand image). LSL commercializes a range of products with natural ingredients (shampoo, conditioner, hairstyling and leave-in care products). LSL has a multi channel distribution model (DtoC, online resellers, retailers and distributors to professional market) and a strong online presence.

Exer (formally UrgentMED) is a leading provider of comprehensive healthcare services through its footprint of 55 urgent care clinics (“UCCs”) across Southern California (United States). In July 2023, Exer and UrgentMED merged under the Exer name to become the leading independent urgent care platform in Southern California. UCCs are walk-in medical clinics delivering medical care outside of hospital emergency rooms. Core urgent care services offered include examinations, surgical wound care, diagnostics, physical exams and virus testing and treatment, as well as various ancillary services. Exer has developed a reputation for providing excellent quality care and an exceptional patient experience through its expansive network of UCCs in prime neighborhoods throughout Southern California. Neighborhoods served include Los Angeles, Orange and Ventura counties.

Founded in 2004, Minafin is a leading global fine chemical developer and manufacturer. It specializes in active pharmaceutical ingredients (“API”) manufacturing for big pharma and biotech, as well as and green chemistry using renewable feedstock to produce, among others, additives and solvents for the pharma and cosmetics industry. The group operates seven industrial facilities in France, Belgium, Germany, Canada and the United States.

Blue is a French B2B alternative telecom operator, founded in 2006. It offers turnkey telecommunication and IT services to SMEs (cloud and cyber security, data, voice, hosting) through top-notch infrastructure (including a fully-certified data center at Blue’s headquarters in Brittany, Western France).

Solem is a state-of-the art designer and assembler of connected devices focused on telecare, irrigation and pool founded in 1984 and managed by Frédéric Comte since 2016. Initially founded as a contract manufacturer of electronic irrigation devices for a global outdoor equipment company, Solem started to diversify away from its OEM contract with the arrival of its current CEO, Frédéric Comte. Solem is positioned on niche technical markets (long autonomy, long range), exclusively focused on BtoB customers (telecare services operators, irrigation professionals, pool installers, etc.) and its products are generally sold through distributors.

Founded in 2004, Minafin is a leading global fine chemical developer and manufacturer. It specializes in active pharmaceutical ingredients (“API”) manufacturing for big pharma and biotech, as well as and green chemistry using renewable feedstock to produce, among others, additives and solvents for the pharma and cosmetics industry. The group operates seven industrial facilities in France, Belgium, Germany, Canada and the United States.

Blue is a French B2B alternative telecom operator, founded in 2006. It offers turnkey telecommunication and IT services to SMEs (cloud and cyber security, data, voice, hosting) through top-notch infrastructure (including a fully-certified data center at Blue’s headquarters in Brittany, Western France).

Tri-Imaging Solutions is an integrated provider of parts and services to the diagnostic imaging (“DI”) equipment maintenance and repair market. The Company operates through two business segments (Parts and Services) to provide a vertically integrated one-stop shop for customers’ supply of parts and services. The Company’s Parts Segment provides repair parts, technical training and technical support to its customers who, in turn, perform the on-site servicing of the DI equipment at healthcare facilities, nationally. The Company’s Services Segment provides on-site technician services for the maintenance and repair needs of DI equipment, nationally.

Tri-Imaging Solutions is an integrated provider of parts and services to the diagnostic imaging (“DI”) equipment maintenance and repair market. The Company operates through two business segments (Parts and Services) to provide a vertically integrated one-stop shop for customers’ supply of parts and services. The Company’s Parts Segment provides repair parts, technical training and technical support to its customers who, in turn, perform the on-site servicing of the DI equipment at healthcare facilities, nationally. The Company’s Services Segment provides on-site technician services for the maintenance and repair needs of DI equipment, nationally.