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Venture Capital and Private Equity PrincipalsBelgium51-200 Employees

Apheon is a Belgium-based pan-European private equity firm focused on mid-market companies. It provides patient, long-term support and practical industrial know-how to entrepreneurs and management teams to help prepare portfolio businesses for future growth. With a broad European footprint, the firm serves as a gateway into Europe for mid-market companies seeking to expand. Its advisory arm, Apheon Advisors, maintains offices in Brussels, Milan, Madrid, Paris, Munich, and Amsterdam to sustain local market presence. The firm originated in 2005 as Ergon Capital and rebranded to Apheon in 2023.

Apheon's current portfolio comprises 23 companies across its target sectors, illustrating its cross-border activity within Europe. Since its founding, the firm has pursued a strategy of partnering with management teams to advance growth and transformation across its holdings. In May 2026, Apheon announced a partnership with FESPA Ltd., reflecting ongoing expansion and collaboration with industry platforms.

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