What investment strategy does LFPI GESTION focus on?

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

How many portfolio companies does LFPI GESTION have?

LFPI GESTION has 20 active portfolio companies and 5 completed exits and 3 funds tracked on GP Intel.

Where is LFPI GESTION headquartered?

LFPI GESTION is headquartered in Paris, France.

What is LFPI GESTION's assets under management?

LFPI GESTION manages approximately €27.0B in assets under management.

When was LFPI GESTION founded?

LFPI GESTION was founded in 2003.

What sectors does LFPI GESTION invest in?

LFPI GESTION invests across Industrials, Consumer, Healthcare, Business Services.

What are LFPI GESTION's recent exits?

Recent realized exits by LFPI GESTION include: Penelope (2025) to GSF; INICEA (2024) to Antin Infrastructure Partners; IFOP (2022) to ETUDINVEST; Interflora (2021) to PAI Partners; SNADEC PREMIUM (2008) to FINANCIERE - PRO INVEST.

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LFPI GESTION

Paris, France·Founded 2003·

Growth Equity Buyout

·lfpi.fr

La Financiere Patrimoniale d'Investissement (LFPI) is a major French alternative asset manager founded 2003 with around EUR 27bn AUM across four pillars: LFPI Capital (PE buyout), LFPI Real Estate Debt and Equity (multi-strategy fund-of-funds), LFPI Hotels (35-hotel portfolio across France and Germany), and LFPI Retail FCPR (newest first-retail product). Notable exit INICEA 2024 to Antin Infrastructure Partners after 6-year hold.

AUM

€27.0B

Funds

vintages 2003–2022

Portfolio

Exits

LFPI GESTION is a Paris growth equity firm with €27.0B AUM, 20 active companies and 5 exits.

SectorsIndustrials Consumer Healthcare Business Services

Key takeaways

·4 exits in the last 5 years · consistent DPI cadence.
·Average hold across 5 realized deals: 6 years.
·Top sector focus: Business Services (28% of portfolio).

Sector breakdown

25 companies

Business Services

7 · 28%

Consumer

5 · 20%

TMT

2 · 8%

Healthcare

2 · 8%

Financials

2 · 8%

IT Services

1 · 4%

Hospitality

1 · 4%

Construction

1 · 4%

Geography breakdown

4 geographies

France

22 · 88%

Finland

1 · 4%

Norway

1 · 4%

Belgium

1 · 4%

Key facts

HQParis, France

Founded2003

Websitelfpi.fr

Recent exits

LFPI GESTION sold Penelope to GSF in 2025 after 9 years.

LFPI GESTION sold Inicea to Antin Infrastructure Partners in 2024 after 6 years.

LFPI GESTION sold IFOP to ETUDINVEST in 2022 after 5 years.

LFPI GESTION sold Interflora to PAI Partners in 2021 after 6 years.

Coverage notes

3 funds tracked, 25 portfolio companies (20 active · 5 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

LFPI Midcap 8

Buyout20224 assets

Buyout

2022 · 4yr

–

Unrealized

4 held

Company	Entry
Deep Opinion Business Services · France	2022
i-Run Consumer · France	2026
Metaline IT Services · France	2022
Tikamoon Consumer · France	2023

LFPI Hotels FPCI

Real Estate2010€1.0B2 assets

Real Estate

2010 · 16yr

€1.0B

–

Unrealized

2 held

Company	Entry
B&B Hotels Hospitality · France	2016
Snadec Construction · France	2019

LFPI Capital

Buyout2003€2.0B14 assets5 exits

Buyout

2003 · 23yr

€2.0B

Unrealized

14 held

Company	Entry
Atermes Aerospace & Defence · France	2021
Bruneau Business Services · France	2021
Crosscall TMT · France	2020
Digit RE Business Services · France	2018
Haudecoeur Consumer · France	2024
Mandarine Gestion Financials · France	2023
Mehilainen Healthcare · Finland	2003
Metaline Corp Business Services · France	2022
Montaner Pietrini Boissons Consumer · France	2024
Olyos Group Pharma · France	2025
Prima MAN Business Services · France	2011
Skolae Education · France	2021
Visma TMT · Norway	2018
Wilink Financials · Belgium	2020

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
IFOP Business Services · France	2017	2022	Secondary	ETUDINVEST	–
Inicea Healthcare · France	2018	2024	Secondary	Antin Infrastructure Partners	–
Interflora Consumer · France	2015	2021	Secondary	PAI Partners	–
Penelope Business Services · France	2016	2025	Trade Sale	GSF	–
Snadec Premium Software · France	2003	2008	Secondary	FINANCIERE - PRO INVEST	–

About LFPI GESTION

LFPI GESTION is a private equity firm with €27 billion of assets under management as of December 2024 and a founding year of 2003, headquartered in Paris. The platform targets majority and significant minority stakes in European mid-cap businesses across industrials, consumer, healthcare and business services, deploying institutional capital from successive flagship vehicles.

Investment thesis

The platform deploys buyout and growth equity capital across industrials, consumer, healthcare and business services businesses in France and selectively across Europe, targeting majority and significant minority equity positions in mid-cap and lower mid-cap European companies. Value-creation framework emphasises operational improvement, working capital optimisation and selective M&A activity, with the partnership culture supporting management teams across multi-year ownership periods.

Recent activity

Recent realised exits include INICEA (healthcare, 2024), IFOP (business services, 2022) and SNADEC PREMIUM (software, 2008). The platform tracks 2 fund vehicles, 11 active portfolio companies and 3 realised exits across the strategy's history.

Frequently asked questions

What investment strategy does LFPI GESTION focus on?: LFPI GESTION focuses on Growth, Buyout strategies in the private equity space.
How many portfolio companies does LFPI GESTION have?: LFPI GESTION has 20 active portfolio companies and 5 completed exits and 3 funds tracked on GP Intel.
Where is LFPI GESTION headquartered?: LFPI GESTION is headquartered in Paris, France.
What is LFPI GESTION's assets under management?: LFPI GESTION manages approximately €27.0B in assets under management.
When was LFPI GESTION founded?: LFPI GESTION was founded in 2003.
What sectors does LFPI GESTION invest in?: LFPI GESTION invests across Industrials, Consumer, Healthcare, Business Services.
What are LFPI GESTION's recent exits?: Recent realized exits by LFPI GESTION include: Penelope (2025) to GSF; INICEA (2024) to Antin Infrastructure Partners; IFOP (2022) to ETUDINVEST; Interflora (2021) to PAI Partners; SNADEC PREMIUM (2008) to FINANCIERE - PRO INVEST.