Equinox Industries

About Equinox Industries

Equinox Industries (legal name EQUINOXE INDUSTRIES, structured as a SAS) is a Paris-based industrial holding company that acts as the private-equity arm of the Rossignol family office. Founded in 1999 by Charles-Henri Rossignol, the firm is headquartered at Paris 9. It operates from its own balance sheet rather than as a traditional fund manager, deploying patient capital from the Rossignol family without external limited partners or fund vintages. The firm estimates roughly €25 million in deployed family capital as a working proxy for assets under management, reflecting its evergreen deal-by-deal holding-company structure rather than a committed fund pool. Charles-Henri Rossignol leads the firm as Managing Partner, bringing over 15 years of operational and financial expertise as previously Founding Partner of FCDE (a €200 million turnaround fund), CEO of Aeris airline and principal at DS&P Partners focused on restructuring, plus earlier M&A banking experience at Morgan Stanley in Paris and London. He holds a Harvard Business School MBA and is an Ecole Polytechnique alumnus. The team also includes Simon Veyret (Investment Associate), Caroline Rodrigues (CFO) and three Senior Advisors. Note: the firm previously operated under the name Cavipar.

Investment thesis

Equinox Industries pursues majority-control equity investments in mid-sized French and European businesses experiencing turnaround, restructuring or shareholder-driven transformation. Target situations include carve-outs of non-core subsidiaries from large corporate groups, over-leveraged buyouts requiring recapitalisation, underperforming family businesses and shareholder-transition buyouts. The firm explicitly avoids judicial restructuring situations, preferring friendly and consensual transactions where existing management and shareholders welcome an active operational partner. Equity tickets range from €5 to 30 million into companies with €10 to 150 million of revenue. Sector focus is broad B2B with a stated preference for service companies, industrial niches in growth markets and businesses navigating digital transformation, regulatory transitions or ecological transition. Geography is primarily France with selective pan-European reach. The capital structure is one of Equinox distinctive features: as the Rossignol family-office investment vehicle, the firm has no external limited partner base and no fund vintage to manage to. This permits patient long-hold ownership without the IRR clock of a traditional 10-year fund. Value creation is heavily operational, with the firm positioning as a hands-on reference shareholder working with installed or newly recruited management teams on change management, balance-sheet repair, P&L turnaround and shareholder conflict resolution.

Recent activity

Recent investments include SAVI Solutions in financial services (2021 carve-out, European leader in marketing-voucher clearing and compensation, regulated financial institution) and Cityz Media in media and B2B advertising (2023 acquisition from Clear Channel France, the second-largest French operator in urban furniture and outdoor advertising). Recent exits include Cityz Media in media and B2B advertising (2025). The platform continues to deploy Rossignol family capital across French mid-sized turnaround, restructuring and shareholder-transition situations with patient long-duration ownership horizons. Detailed buyer names and multiple data available on Pro at €49/month.