FCDE
FCDE is a French private equity firm founded in 2009 that supports the development and transformation of SMEs and mid-cap companies with strong growth potential. It has raised over €1.1 billion in capital and has made 34 investments since inception, focusing on sustainable operational improvement and long-term value creation.
Key facts
Recent exits
Coverage notes
4 funds tracked, 29 portfolio companies (17 active · 12 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund FCDE has raised, with its portfolio companies. Hand-checked from public filings.
FCDE Fund III2025 · 1yr€400M0 active
No portfolio companies tracked yet.
FCDE Independent Fund IIBuyout2023 · 3yr€277M5 active · 1 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Exens Solutions (ex-Cobham Microwave) | TMT | France | 2022 |
| Groupe Allez | Industrials | France | 2026 |
| HEMERIA | Industrials | France | 2026 |
| LINDERA | Industrials | France | 2024 |
| SKAKO | Industrials | France | 2025 |
Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Babcock Wanson | Industrials | France | 2021 | 2021 | Secondary | – |
Fonds de Consolidation et de Développement des EntreprisesBuyout2021 · 5yr€207M3 active · 6 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ASI Innovation | TMT | France | 2018 |
| Récréa | Consumer | France | 2020 |
| UTAC | Industrials | France | 2020 |
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Bertin Technologies | TMT | France | 2021 | 2025 | Secondary | – | |
| Didactic | Consumer | France | 2020 | 2024 | Secondary | – | |
| Robbez-Masson | Industrials | France | 2017 | 2021 | MBO | – | |
| SERMA Group | Industrials | France | 2022 | 2022 | Secondary | – | |
| Weyou (ex-Tarsus France) | Business Services | France | 2015 | 2019 | Secondary | – | |
| Weyou Group | Consumer | France | 2019 | 2019 | Secondary | – |
FCDEBuyout2013 · 13yr€120M9 active · 5 realized
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Canal Toys | – | – | – |
| De Fursac | – | – | – |
| Eventis | – | – | – |
| Gestal | – | – | – |
| Groupe Editor | – | – | – |
| KERMEL | Industrials | France | 2024 |
| Le Belier | – | – | – |
| SELP | – | – | – |
| Smart Packaging Solutions | – | – | – |
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Alpha Direct Services | – | – | 2011 | 2012 | Trade Sale | – | |
| Girard Agediss | Industrials | France | 2012 | 2014 | Trade Sale | – | |
| NES Group | Energy | France | 2014 | 2018 | Trade Sale | – | |
| Plastibell | Industrials | France | 2013 | 2015 | Trade Sale | – | |
| TVN | TMT | France | 2011 | 2014 | Secondary | – |
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About FCDE
FCDE is a French private equity firm with €604 million of assets under management as of December 2024, founded in 2009 and headquartered in Pontoise. The firm supports the development and transformation of SMEs and mid-cap companies with strong growth potential, having raised over €1.1 billion in cumulative capital across the platform's multi-vintage history.
Investment thesis
FCDE targets French SMEs and mid-cap companies seeking growth equity or buyout capital for transformation initiatives, deploying equity tickets typically ranging from €15 million to €50 million per transaction. Sector focus spans Industrials, Business Services and selectively other French mid-market verticals, with the platform emphasising operational transformation and management team partnership across the holding period.
Recent activity
Recent realised exits include KERMEL (industrials, 2024), reflecting selective distribution activity across the industrial portfolio. The platform tracks 3 funds, 17 active portfolio companies and 11 realised exits across the multi-vintage French mid-cap programme. 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·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€6.0BFrance·€5.1B