Ciclad
Key facts
Recent exits
Coverage notes
5 funds tracked, 70 portfolio companies (43 active · 27 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Ciclad has raised, with its portfolio companies. Hand-checked from public filings.
Si Vis PacemBuyout2025 · 1yr€80M1 active
Ciclad 7Buyout2024 · 2yr€190M6 active
Ciclad EntrepriseGrowth2020 · 6yr€70M4 active
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| BMI | Industrials | France | 2024 |
| CENTAURE INVESTISSEMENTS | Fintech | France | 2024 |
| Glenan Concept Cars | Consumer | FR | 2026 |
| PHEN'X TECHNOLOGIES | Healthcare | France | 2024 |
Ciclad 6Buyout2017 · 9yr€180M20 active · 7 realized
Unrealized
20 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ALLOVOISINS | Consumer | France | – |
| BAIJA | Consumer | France | – |
| CASTINGPAR | Industrials | Belgium | 2017 |
| CERADEL | Industrials | France | 2021 |
| CRONITE | Industrials | France | 2018 |
| DRAGON ROUGE | Business Services | France | 2021 |
| EIF | Business Services | France | 2021 |
| FISCHER DAREX | Industrials | France | 2022 |
| FROGPUBS | Consumer | France | 2019 |
| GROUPE APSIM | HR Tech | France | 2023 |
| GROUPE VITTORI | Construction | France | – |
| L'ONGLERIE | Consumer | France | 2021 |
| LABBE PROCESS EQUIPMENT | Industrials | France | – |
| MY REPORT | IT Services | France | 2020 |
| OKTEY | IT Services | France | 2022 |
| ONE LEASE | Business Services | France | – |
| SOLICE | Energy | France | 2022 |
| VITRINEMEDIA | Industrials | France | 2019 |
| VT LOGISTICS | Logistics | France | 2022 |
| WAVENSYS | Telecom | France | 2021 |
Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| BH TECHNOLOGIES | IT Services | France | 2017 | 2023 | Secondary | – | |
| ESO | Education | France | 2018 | 2021 | Secondary | – | |
| FACTEM | Industrials | France | 2017 | 2018 | Secondary | – | |
| H&A | Industrials | France | 2019 | 2023 | Secondary | – | |
| KYOTHERM | Energy | France | 2018 | 2024 | Secondary | – | |
| POZEO | IT Services | France | 2017 | 2022 | Secondary | – | |
| TIBBLOC | Industrials | France | 2019 | 2024 | Secondary | – |
Ciclad 5Buyout2011 · 15yr€150M12 active · 20 realized
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AEROFONCTIONS | Industrials | France | 2012 |
| BONIONI | Industrials | France | 2018 |
| E-SWIN | Healthcare | France | 2011 |
| FORADIA | Industrials | France | – |
| HUMAN DESIGN GROUP | Business Services | France | 2018 |
| IRAKLIA | Healthcare | France | 2011 |
| LIGHTING DEVELOPPEMENT | Industrials | France | 2019 |
| PARERA | Business Services | France | 2015 |
| ROBODRILL | Industrials | France | 2012 |
| SIPARTECH | Telecom | France | 2018 |
| TOFANE GLOBAL | Telecom | France | 2018 |
| YXELIA | Telecom | France | 2014 |
Realized
20 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| AGRITUBEL | Industrials | France | 2012 | 2018 | – | – | – |
| ARELEC | Industrials | France | 2014 | 2019 | Trade Sale | – | |
| ARTHUS BERTRAND | Consumer | France | 2011 | 2017 | Secondary | – | |
| EDEIS | Business Services | France | 2014 | 2023 | Secondary | – | |
| EDITIALIS | Business Services | France | 2016 | 2018 | Trade Sale | – | |
| GEOMEDIA | IT Services | France | 2015 | 2017 | Secondary | – | |
| GINGER | Construction | France | 2013 | 2017 | IPO | – | – |
| GMS | Business Services | France | 2013 | 2019 | Secondary | – | |
| GYS | Industrials | France | 2013 | 2019 | – | – | – |
| INOVELEC | Industrials | France | 2016 | 2022 | Secondary | – | |
| LTI TELECOM | Telecom | France | 2015 | 2020 | Trade Sale | – | |
| MEDIAVEIL | IT Services | France | 2012 | 2015 | Trade Sale | – | |
| Nord Coffrage | Industrials | France | 2015 | 2019 | Secondary | – | |
| OMIA | Industrials | France | 2007 | 2015 | Secondary | – | |
| PAILLARD | Industrials | France | 2014 | 2023 | Secondary | – | |
| PLEIN VENT | Consumer | France | 2015 | 2020 | Trade Sale | – | |
| PORTAFEU | Construction | France | 2005 | 2011 | Trade Sale | – | |
| PROXIDIS | Consumer | France | 2012 | 2018 | – | – | – |
| SATORI | Industrials | France | 2015 | 2021 | – | – | – |
| SLAT | Industrials | France | 2016 | 2019 | Secondary | – |
Saved GPs appear in your watchlist, one click from your workspace.
About Ciclad
Ciclad is a French private equity firm with €610 million of assets under management, headquartered in Paris. The firm has built a multi-decade track record across successive flagship vintage funds focused on French small and mid-cap LBO transactions, with particular depth in industrial businesses and selective energy and services verticals.
Investment thesis
Ciclad targets French small and mid-cap LBO transactions with equity ticket sizes typically ranging from €10 million to €40 million per transaction, focusing on profitable companies with strong management teams and growth potential. Sector focus spans Industrials, Energy, IT Services and selectively other small/mid-cap verticals, with the platform's industrial focus enabling deep operational and consolidation expertise across portfolio companies.
Recent activity
Recent realised exits include H&A (industrials, 2024), KYOTHERM (energy, 2024), TIBBLOC (industrials, 2024) and BH TECHNOLOGIES (IT services, 2023), reflecting active distribution across the industrial and energy franchises. The platform tracks 5 funds, 35 active portfolio companies and 27 realised exits across the multi-decade French small/mid-cap track record. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.
France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€39.0BFrance·€33.8BFrance·€33.0BFrance·€27.0BFrance·€23.0BFrance·€21.2BFrance·€20.0BFrance·€13.4BFrance·€13.2B