CIC Private Debt
CIC Private Debt is a Paris-based private debt manager and AMF-approved AIFM, part of Credit Mutuel Alliance Federale and its La Francaise asset-management arm. Founded in 2003 as CM-CIC Private Debt, it is a leading player in disintermediated financing for French and European SMEs and mid-caps. With around EUR 3.5 billion under management and 42 professionals across Paris, London and Frankfurt, it has completed more than 500 investments across four business lines: senior mid-cap debt, senior large-cap Europe debt, mezzanine and unitranche financing, and infrastructure debt. In 2025 it launched CIC Private Debt Opportunites, the first ELTIF 2.0 evergreen private debt fund approved in France. It ranks as a top direct lender in France by deal count.
AUM
€3.5B
Funds
6
vintages 2009–2025
Portfolio
129
Exits
1
CIC Private Debt is a Paris private equity firm with €3.5B AUM, 129 active companies and 1 exit.
Sector breakdown
130 companiesBusiness Services
15 · 12%
Industrials
15 · 12%
Healthcare
13 · 10%
Consumer
11 · 8%
Pharma
11 · 8%
MedTech
8 · 6%
Aerospace & Defence
5 · 4%
Education
4 · 3%
Geography breakdown
16 geographiesFrance
59 · 45%
Germany
23 · 18%
UK
12 · 9%
Netherlands
10 · 8%
US
6 · 5%
Sweden
4 · 3%
Switzerland
3 · 2%
Norway
2 · 2%
Key facts
Recent exits
CIC Private Debt sold Questel to IK Investment Partners in 2019 after 4 years.
Coverage notes
6 funds tracked, 130 portfolio companies (129 active · 1 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund CIC Private Debt has raised, with its portfolio companies. Hand-checked from public filings.
6 funds
Fund
Strategy
Vintage
Size
Assets
Exits
CIC Mezzanine & Unitranche Financing 6Mezzanine2025€610M4 assetsMezzanine2025 · 1yr€610M4–
Unrealized
4 held| Company | Entry |
|---|---|
| Calicéo Hospitality · France | 2026 |
| Feu Vert Consumer · France | 2024 |
| Groupe Kardham Business Services · France | 2025 |
| La Comtoise Consumer · France | 2025 |
CIC Debt Fund 4HarvestingPrivate Debt2022€565M28 assetsPrivate Debt2022 · 4yr€565M28–
Unrealized
28 held| Company | Entry |
|---|---|
| AD Education Education · France | 2024 |
| Akuo Energy Energy · France | 2024 |
| Caldic Industrials · Netherlands | 2022 |
| CeramTec Industrials · Germany | 2022 |
| Ceva Sante Animale Pharma · France | 2022 |
| Cheplapharm Pharma · Germany | 2022 |
| CVE Energy · France | 2024 |
| CVE Biogaz Energy · France | 2024 |
| Diam International Industrials · France | 2024 |
| GD Towers Telecom · Germany | 2023 |
| Groupe Jacky Perrenot Logistics · France | 2022 |
| Idex ClimateTech · France | 2024 |
| IFCO Systems Logistics · Germany | 2022 |
| Kantar Data & Analytics · UK | 2022 |
| Lebronze Alloys Aerospace & Defence · France | 2025 |
| Paprec Business Services · France | 2024 |
| Qair ClimateTech · France | 2022 |
| Redspher Logistics · France | 2019 |
| Refresco FoodTech · Netherlands | 2022 |
| Safic-Alcan Industrials · France | 2023 |
| Septodont Pharma · France | 2023 |
| Valorem Energy · France | 2023 |
| Vantage Towers Telecom · Germany | 2023 |
| Veonet Healthcare · Germany | 2022 |
| Vitalliance Healthcare · France | 2024 |
| Voltalis ClimateTech · France | 2023 |
| Waga Energy ClimateTech · France | 2025 |
| Wella Consumer · Germany | 2022 |
CIC Mezzanine & Unitranche Financing 5HarvestingMezzanine2021€450M6 assetsMezzanine2021 · 5yr€450M6–
Unrealized
6 held| Company | Entry |
|---|---|
| Alphalink Telecom · France | 2021 |
| Besson Chaussures Consumer · France | 2022 |
| DCI (Defense Conseil International) Aerospace & Defence · France | 2024 |
| Findis Consumer · France | 2021 |
| Groupe RG Industrials · France | 2021 |
| PKF Arsilon Business Services · France | 2021 |
CM-CIC Debt Fund 3Run-offPrivate Debt2019€530M70 assetsPrivate Debt2019 · 7yr€530M70–
Unrealized
70 held| Company | Entry |
|---|---|
| Adevinta E-commerce · Norway | 2020 |
| Advens Cybersecurity · France | 2021 |
| All3Media TMT · UK | 2019 |
| Almaviva Sante Healthcare · France | 2021 |
| Alter Domus Financials · Luxembourg | 2021 |
| Amer Sports Consumer · Finland | 2019 |
| Angus Chemical Industrials · US | 2020 |
| Anticimex Business Services · Sweden | 2021 |
| Apleona Business Services · Germany | 2021 |
| Armacell Industrials · Germany | 2020 |
| Arxada Agriculture · Switzerland | 2021 |
| Ascendi Mobility · Portugal | 2019 |
| Ascendi Almeida Mobility · Portugal | 2020 |
| AutoScout24 E-commerce · Germany | 2020 |
| Barentz Business Services · Netherlands | 2020 |
| Beauparc Business Services · Ireland | 2021 |
| Birkenstock Consumer · Germany | 2021 |
| BVI Medical MedTech · US | 2019 |
| Cerba HealthCare MedTech · France | 2021 |
| Charles and Alice FoodTech · France | 2021 |
| Colisee Healthcare · France | 2020 |
| Cooperation Pharmaceutique Pharma · France | 2021 |
| Delpharm Pharma · France | 2021 |
| DexKo Global Mobility · US | 2021 |
| Diaverum Healthcare · Sweden | 2021 |
| Domidep Healthcare · France | 2019 |
| DomusVi Healthcare · France | 2020 |
| Emera Healthcare · France | 2021 |
| Emeria Real Estate · France | 2021 |
| Flender Industrials · Germany | 2021 |
| Froneri Consumer · UK | 2020 |
| Galderma Pharma · Switzerland | 2019 |
| Galileo Global Education Education · France | 2021 |
| Grandir Education · France | 2021 |
| IFS SaaS · Sweden | 2021 |
| ION Group Software · UK | 2021 |
| IVC Evidensia Healthcare · UK | 2021 |
| Kersia Agriculture · France | 2021 |
| LGC Group MedTech · UK | 2021 |
| Mediq Healthcare · Netherlands | 2021 |
| Mehilainen Healthcare · Finland | 2021 |
| Meilleurtaux Fintech · France | 2021 |
| Merlin Entertainments Hospitality · UK | 2019 |
| Modulaire Group Industrials · UK | 2021 |
| Neuraxpharm Pharma · Germany | 2020 |
| P and I Software · Germany | 2020 |
| Polynt Industrials · Italy | 2020 |
| Recipharm Pharma · Sweden | 2021 |
| Rodenstock MedTech · Germany | 2021 |
| Sebia MedTech · France | 2021 |
| Sector Alarm Business Services · Norway | 2019 |
| Seqens Pharma · France | 2021 |
| Silae SaaS · France | 2021 |
| Sitel Group Business Services · France | 2021 |
| Socotec Business Services · France | 2021 |
| Solenis Industrials · US | 2021 |
| Solina FoodTech · France | 2021 |
| Spie Batignolles Construction · France | 2019 |
| Springer Nature TMT · Germany | 2021 |
| Stark Group Business Services · Denmark | 2021 |
| Synlab MedTech · Germany | 2020 |
| TK Elevator Industrials · Germany | 2021 |
| Valeo Foods FoodTech · Ireland | 2021 |
| Verisure Business Services · Switzerland | 2021 |
| Versuni Consumer · Netherlands | 2021 |
| Vivalto Sante Healthcare · France | 2021 |
| Vue International Hospitality · UK | 2019 |
| Webhelp IT Services · France | 2021 |
| Xella Construction · Germany | 2021 |
| Zentiva Pharma · Czech Republic | 2020 |
CM-CIC Debt Fund 2Run-offPrivate Debt2016€440M20 assetsPrivate Debt2016 · 10yr€440M20–
Unrealized
20 held| Company | Entry |
|---|---|
| ADB Safegate Aerospace & Defence · Belgium | 2017 |
| Albea Logistics · France | 2018 |
| Alloheim Healthcare · Germany | 2018 |
| Ammeraal Beltech Industrials · Netherlands | 2018 |
| Asmodee Gaming · France | 2018 |
| Assystem Business Services · France | 2018 |
| Crouzet Aerospace & Defence · France | 2018 |
| Excelitas Technologies Aerospace & Defence · US | 2017 |
| Expleo IT Services · France | 2017 |
| Inspired Education Group Education · UK | 2018 |
| Motor Fuel Group Consumer · UK | 2018 |
| MSX International Business Services · US | 2018 |
| Nouryon Industrials · Netherlands | 2018 |
| STADA Arzneimittel Pharma · Germany | 2017 |
| Sunrise Medical MedTech · Germany | 2018 |
| TMF Group Business Services · Netherlands | 2017 |
| Weener Plastics Industrials · Netherlands | 2018 |
| Wessanen Consumer · Netherlands | 2017 |
| WS Audiology MedTech · Germany | 2018 |
| ZPG PropTech · UK | 2018 |
CIC MezzanineRealizedMezzanine2009€107M1 assets1 exitsMezzanine2009 · 17yr€107M11
Unrealized
1 held| Company | Entry |
|---|---|
| Mediascience TMT · France | 2013 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Questel LegalTech · France | 2015 | 2019 | MBO | IK Investment Partners | – |
Frequently asked questions
- How many portfolio companies does CIC Private Debt have?
- CIC Private Debt has 129 active portfolio companies and 1 completed exit and 6 funds tracked on GP Intel.
- Where is CIC Private Debt headquartered?
- CIC Private Debt is headquartered in Paris, France.
- What is CIC Private Debt's assets under management?
- CIC Private Debt manages approximately €3.5B in assets under management.
- When was CIC Private Debt founded?
- CIC Private Debt was founded in 2003.
- What sectors does CIC Private Debt invest in?
- CIC Private Debt invests across Consumer, Business Services, Industrials, TMT, Energy.
- What are CIC Private Debt's recent exits?
- Recent realized exits by CIC Private Debt include: Questel (2019) to IK Investment Partners.
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Last updated August 2026 · Sourced from public filings · Report an issue