What investment strategy does FCDE focus on?

FCDE focuses on Growth, Buyout strategies in the private equity space.

How many portfolio companies does FCDE have?

FCDE has 14 active portfolio companies and 16 completed exits and 4 funds tracked on GP Intel.

Where is FCDE headquartered?

FCDE is headquartered in PONTOISE, France.

What is FCDE's assets under management?

FCDE manages approximately €604M in assets under management.

What sectors does FCDE invest in?

FCDE invests across Industrials, Consumer, Business Services, Energy.

What are FCDE's recent exits?

Recent realized exits by FCDE include: Bertin Technologies (2025) to Fremman Capital + Chequers Capital + Management + BNP Paribas Developpement; Didactic (2024) to UI Investissement + GENEO Capital Entrepreneur + Management; SERMA Group (2022) to Financiere Faraday (Ardian Expansion + Bpifrance + Management); Babcock Wanson (2021) to Kartesia + IRDI Capital Investissement + Management; Robbez-Masson (2021) to Robbez-Masson family; Weyou (ex-Tarsus France) (2019) to EMZ Partners; Weyou Group (2019) to EMZ Partners; De Fursac (2019) to SMCP.

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FCDE

PONTOISE, France·Founded 2025·

Growth Equity Buyout

·fonds-fcde.fr

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.

AUM

€604M

Funds

vintages 2013–2025

Portfolio

Exits

FCDE is a PONTOISE growth equity firm with €604M AUM, 14 active companies and 16 exits.

SectorsIndustrials Consumer Business Services Energy

Key takeaways

·5 exits in the last 5 years · consistent DPI cadence.
·Average hold across 12 realized deals: 3 years.
·Top sector focus: Industrials (33% of portfolio).
·Fund cadence: ~4Y between vintages · last raise 2025.

Sector breakdown

30 companies

Industrials

10 · 33%

Business Services

4 · 13%

TMT

3 · 10%

Aerospace & Defence

3 · 10%

Construction

2 · 7%

Consumer

2 · 7%

MedTech

1 · 3%

Hospitality

1 · 3%

Key facts

HQPONTOISE, France

Founded2025

Websitefonds-fcde.fr

Recent exits

FCDE sold Bertin Technologies to Fremman Capital + Chequers Capital + Management + BNP Paribas Developpement in 2025 after 4 years.

FCDE sold Didactic to UI Investissement + GENEO Capital Entrepreneur + Management in 2024 after 4 years.

FCDE sold SERMA Group to Financiere Faraday (Ardian Expansion + Bpifrance + Management) in 2022 after less than a year.

FCDE sold Babcock Wanson to Kartesia + IRDI Capital Investissement + Management in 2021 after less than a year.

Coverage notes

4 funds tracked, 30 portfolio companies (14 active · 16 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.

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

FCDE Fund III

2025€400M0 assets

–

2025 · 1yr

€400M

–

No portfolio companies tracked yet.

FCDE Independent Fund IIinvesting

Buyout2023€277M5 assets1 exits

Buyout

2023 · 3yr

€277M

Unrealized

5 held

Company	Entry
Exens Solutions (ex-Cobham Microwave) TMT · France	2022
Groupe Allez Industrials · France	2026
Hemeria Aerospace & Defence · France	2026
Lindera Construction · France	2024
Skako Construction · France	2025

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Babcock Wanson Industrials · France	2021	2021	Secondary	Kartesia + IRDI Capital Investissement + Management	–

Fonds de Consolidation et de Développement des Entreprisesharvesting

Buyout2021€207M3 assets6 exits

Buyout

2021 · 5yr

€207M

Unrealized

3 held

Company	Entry
ASI Innovation TMT · France	2018
Récréa Hospitality · France	2020
UTAC Mobility · France	2020

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Bertin Technologies Aerospace & Defence · France	2021	2025	Secondary	Fremman Capital + Chequers Capital + Management + BNP Paribas Developpement	–
Didactic MedTech · France	2020	2024	Secondary	UI Investissement + GENEO Capital Entrepreneur + Management	–
Robbez-Masson Industrials · France	2017	2021	MBO	Robbez-Masson family	–
SERMA Group Aerospace & Defence · France	2022	2022	Secondary	Financiere Faraday (Ardian Expansion + Bpifrance + Management)	–
Weyou (ex-Tarsus France) Business Services · France	2015	2019	Secondary	EMZ Partners	–
Weyou Group Business Services · France	2019	2019	Secondary	EMZ Partners	–

FCDEdivesting

Buyout2013€120M6 assets9 exits

Buyout

2013 · 13yr

€120M

Unrealized

6 held

Company	Entry
Canal Toys Consumer · France	2017
Gestal Industrials · France	–
Groupe Editor TMT · France	–
Groupe Lindera Industrials · France	2023
Kermel Industrials · France	2024
SELP Industrials · France	–

Realized

9 exits

Company	Entry	Exit	Type	Buyer	MOIC
Alpha Direct Services Business Services · France	2011	2012	Trade Sale	Rakuten	–
De Fursac Consumer · France	2012	2019	Trade Sale	SMCP	–
Eventis Business Services · France	–	2017	Trade Sale	AccorHotels	–
Girard Agediss Logistics · France	2012	2014	Trade Sale	3SI Group (Otto Group)	–
Le Belier Industrials · France	2010	2013	MBO	Galland family and management	–
NES Group Energy · France	2014	2018	Trade Sale	SERMA Group	–
Plastibell Industrials · France	2013	2015	Trade Sale	PSB Industries	–
Smart Packaging Solutions Industrials · France	2012	2014	Trade Sale	Groupe Imprimerie Nationale	–
TVN Telecom · France	2011	2014	Secondary	Edmond de Rothschild Investment Partners	–

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.

Frequently asked questions

What investment strategy does FCDE focus on?: FCDE focuses on Growth, Buyout strategies in the private equity space.
How many portfolio companies does FCDE have?: FCDE has 14 active portfolio companies and 16 completed exits and 4 funds tracked on GP Intel.
Where is FCDE headquartered?: FCDE is headquartered in PONTOISE, France.
What is FCDE's assets under management?: FCDE manages approximately €604M in assets under management.
When was FCDE founded?: FCDE was founded in 2025.
What sectors does FCDE invest in?: FCDE invests across Industrials, Consumer, Business Services, Energy.
What are FCDE's recent exits?: Recent realized exits by FCDE include: Bertin Technologies (2025) to Fremman Capital + Chequers Capital + Management + BNP Paribas Developpement; Didactic (2024) to UI Investissement + GENEO Capital Entrepreneur + Management; SERMA Group (2022) to Financiere Faraday (Ardian Expansion + Bpifrance + Management); Babcock Wanson (2021) to Kartesia + IRDI Capital Investissement + Management; Robbez-Masson (2021) to Robbez-Masson family; Weyou (ex-Tarsus France) (2019) to EMZ Partners; Weyou Group (2019) to EMZ Partners; De Fursac (2019) to SMCP.