France Thermes
Who owns France Thermes?
France Thermes is a Tertiary company based in Normandie, currently owned by Societe Generale Capital Partenaires since 2019 and Gimv. It changed hands in 2018, when Initiative & Finance sold.
Hand-verified · updated 2026-09-30
Open JSON · CC-BYKey facts
- ·Co-held by Gimv and Societe Generale Capital Partenaires since 2013.
- ·Average hold across 3 realized cycles: 4 years.
- ·5 distinct PE sponsors across ownership cycles.
Ownership history
5 ownership periods · co-invest detected
Volney Développement sold France Thermes to Gimv in 2017 after 4 years.
Initiative & Finance sold FRANCE THERMES to Gimv in 2018 after 5 years.
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Questions
Who owns France Thermes?
France Thermes is currently owned by Societe Generale Capital Partenaires and Gimv, through SGCP Evergreen (balance sheet), since 2019.
When did Societe Generale Capital Partenaires and 1 other acquire France Thermes?
Societe Generale Capital Partenaires and 1 other acquired France Thermes in 2019.
Who did France Thermes sell to?
Initiative & Finance sold France Thermes to Gimv in 2018 (Secondary). Volney Développement and NCI sold France Thermes to Gimv in 2017 (Secondary).
Who has owned France Thermes over time?
France Thermes has been through 5 private-equity ownership periods: Volney Développement · via Volney Développement · 2013–2017 · sold to Gimv · (Secondary); NCI · via Major Capital · 2013–2017 · sold to Gimv · (Secondary); Initiative & Finance · via Initiative & Finance FCPR I · 2013–2018 · sold to Gimv · (Secondary); Gimv · 2013–2017; Societe Generale Capital Partenaires · via SGCP Evergreen (balance sheet) · since 2019.