ARDABELLE CAPITAL

Ardabelle Capital was co-founded by Virginie Morgon, former CEO of Eurazeo — one of Europe's leading listed investment groups with €35 billion in assets under management — together with a team of five seasoned partners based across Paris, Geneva, and New York. The firm was established on the conviction that the global shift toward a sustainable economy represents the most significant private equity opportunity of this generation. Ardabelle's investment thesis centres on the Scope 3 value chain of consumer corporations: the vast network of industrial suppliers, service providers, and technology companies that must transform alongside the brands they serve if net zero commitments are to be achieved. We invest in profitable mid-market businesses within this ecosystem that possess strong operational foundations and meaningful runway for sustainability-led value creation. Our proprietary transformation framework translates environmental ambition into concrete operational programmes, ensuring that sustainability improvements drive measurable financial outperformance. The team brings together rare complementary expertise spanning private equity deal execution, industrial operations, sustainability science, and regulatory strategy — a combination that is deliberately difficult to replicate. Ardabelle is embedded in a curated network of consumer corporations, scientific institutes, and sustainability advisory bodies, creating privileged access to deal flow and knowledge that is unavailable to generalist investors. Gender equality is a founding principle of the firm: balanced leadership is not a policy aspiration but an architectural reality reflected in our partnership structure from day one. We believe that the convergence of regulatory pressure, corporate commitment, and technological maturity makes this the optimal moment to deploy capital at scale into the Scope 3 transition. Ardabelle exists to ensure that this transition is funded effectively, and that the returns it generates are shared with the investors who had the vision to act early.