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Garibaldi Participations

Garibaldi Participations

Garibaldi Participations is a private equity firm founded in 2004 and based in Lyon, France. It is a subsidiary of Banque Populaire Auvergne Rhône Alpes, managing around €200 million in assets and investing primarily as a minority shareholder in SMEs and mid-sized companies across the Auvergne-Rhône-Alpes region.

AUM
€200M
Funds
1
vintages 2004
Portfolio
45
Exits
6

Key facts

HQLyon, France
Founded2004

Recent exits

ADDEV Materials
ADDEV Materials
Industrials2025 · 6yr hold
Groupe ASSADIA
Groupe ASSADIA
Education2025 · 8yr hold
Groupe Jarnias
Groupe Jarnias
Business Services2025 · 5yr hold
Sileane
Industrials2025 · 3yr hold

Coverage notes

1 fund tracked, 51 portfolio companies (45 active · 6 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

51 companies
Consumer
11 · 22%
Industrials
10 · 20%
Business Services
10 · 20%
Construction
9 · 18%
E-commerce
2 · 4%
MedTech
2 · 4%
ClimateTech
1 · 2%
Aerospace & Defence
1 · 2%

Funds & portfolio

Every fund Garibaldi Participations has raised, with its portfolio companies. Hand-checked from public filings.

1 fund
Garibaldi Participations SCRBuyout
2004 · 22yr€200M45 active · 6 realized

Unrealized

45 held
123 ELEC
123 ElecActive
ConstructionFrance· Entry 2026
123elec
123elecActive
E-commerceFrance· Entry 2026
Aktor
AktorActive
Business ServicesFrance· Entry 2019
AlphiActive
ConstructionFrance· Entry 2017
AmperraActive
IndustrialsFrance· Entry 2025
APPERTON
AppertonActive
IndustrialsFrance· Entry 2025
AXE Group
AXE GroupActive
Business ServicesFrance· Entry 2026
ConsumerFrance· Entry 2024
CSM GroupeActive
ClimateTechFrance· Entry 2024
DydesysActive
Business ServicesFrance· Entry 2017
ECM
ECMActive
Aerospace & DefenceFrance· Entry 2020
EkosportActive
ConsumerFrance· Entry 2021
F2AActive
ConstructionFrance· Entry 2022
ConsumerFrance· Entry 2024
Gemme
GemmeActive
ConsumerFrance· Entry 2022
IndustrialsFrance· Entry 2026
Groupe CTAActive
ConstructionFrance· Entry 2023
ConsumerFrance· Entry 2024
Hexalean
HexaleanActive
IndustrialsFrance· Entry 2024
King Jouet
King JouetActive
ConsumerFrance· Entry 2023
ConsumerFrance· Entry 2021
IndustrialsFrance· Entry 2025
ConsumerFrance· Entry 2019
Maier
MaierActive
ConsumerFrance· Entry 2016
Martel
MartelActive
ConstructionFrance· Entry 2019
ConsumerFrance· Entry 2021
Mineris
MinerisActive
Business ServicesFrance· Entry 2020
Nextpool
NextpoolActive
IndustrialsFrance· Entry 2020
OBIZActive
Business ServicesFrance· Entry 2023
OneD2XActive
Business ServicesFrance· Entry 2022
Passman
PassmanActive
TelecomFrance· Entry 2024
Deep TechFrance· Entry 2024
ProtembalActive
IndustrialsFrance· Entry 2019
Senso Pur
Senso PurActive
E-commerceFrance· Entry 2022
Silkhom
SilkhomActive
Business ServicesFrance· Entry 2020
SLAT
SLATActive
ConstructionFrance· Entry 2024
SNAAM
SnaamActive
ConstructionFrance· Entry 2022
Business ServicesFrance· Entry 2014
Sogics
SogicsActive
ConstructionFrance· Entry 2017
ConsumerFrance· Entry 2017
ConstructionFrance· Entry 2015
TecofiActive
IndustrialsFrance· Entry 2018
ThaliaActive
Business ServicesFrance· Entry 2019
ViatemisActive
MobilityFrance· Entry 2021
WarningActive
LogisticsFrance· Entry 2021

Realized

6 exits
ADDEV Materials
ADDEV MaterialsExited 2025
IndustrialsFrance· Entry 2019
Trade Saleto
D-Securite Groupe
D-Securite GroupeExited 2024
MedTechFrance· Entry 2021
Trade Saleto
Evolutis
EvolutisExited 2023
MedTechFrance· Entry 2017
Trade Saleto
Groupe ASSADIA
Groupe ASSADIAExited 2025
EducationFrance· Entry 2017
Secondaryto
Groupe Jarnias
Groupe JarniasExited 2025
Business ServicesFrance· Entry 2020
MBOto
SileaneExited 2025
IndustrialsFrance· Entry 2022
Secondaryto
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About Garibaldi Participations

Garibaldi Participations is a French private equity firm with approximately €200 million of assets under management, founded in 2004 and based in Lyon. The firm is a subsidiary of Banque Populaire Auvergne Rhône Alpes (Groupe BPCE), investing primarily as a minority shareholder in SMEs across the Auvergne-Rhône-Alpes region and selectively in broader French markets.

Investment thesis

Garibaldi Participations targets Auvergne-Rhône-Alpes regional French SMEs and selectively broader French mid-cap companies, deploying minority equity positions aligned with the patient capital mandate of the Banque Populaire mutualist banking group. Sector focus spans Industrials, Business Services and selectively other regional French verticals, with the Lyon regional heritage providing deep banking and management team relationships.

Recent activity

Recent realised exits include ADDEV Materials (industrials, 2025) and Groupe Jarnias (business services, 2025), reflecting active distribution across the regional portfolio. The platform tracks a single dedicated fund vehicle, 7 active portfolio companies and 2 realised exits across the Auvergne-Rhône-Alpes programme. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated June 2026 · Sourced from public filings · Report an issue