Multicroissance
Multicroissance is the captive private equity arm of Banque Populaire Occitane (BPCE Group), founded in May 1987 and headquartered in Balma near Toulouse. The firm invests its own balance sheet across south-west France mid-market companies, taking minority equity and quasi-equity stakes of up to EUR 5-7M per project across growth capital, transmission and capital restructuring transactions. Since inception Multicroissance has deployed approximately EUR 120M across more than 200 companies, with a current portfolio of around 65 active participations spanning industrials, agribusiness, BTP, distribution, healthcare, software, services, environment and aerospace. The five-person team operates without third-party LP pressure for quick exits, enabling long-hold support of regional entrepreneurs in Occitanie and Nouvelle-Aquitaine. Multicroissance integrates ESG criteria across all activities and is not AMF-regulated as a portfolio management company, investing exclusively from its corporate balance sheet (EUR 18M share capital). President Catherine Mallet leads the firm via the parent bank Banque Populaire Occitane.
Key facts
Recent exits
Coverage notes
1 fund tracked, 50 portfolio companies (46 active · 4 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Multicroissance has raised, with its portfolio companies. Hand-checked from public filings.
Multicroissance SAS SCRGrowth1991 · 35yr€120M46 active · 4 realized
Unrealized
46 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AMPLITUDES | Consumer | France | 2015 |
| ARMATIS-LC | Business Services | France | 2012 |
| ATS Laser | Industrials | France | 2023 |
| BERDOUES | Consumer | France | 2015 |
| CARREMENT FLEURS | Consumer | France | 2025 |
| CHÊNE VERT | Industrials | France | 2018 |
| Coaxis | Software | France | 2021 |
| CONTAXIUM | Business Services | France | 2018 |
| CTOUTVERT | Software | France | 2022 |
| DE SANGOSSE | Industrials | France | 2010 |
| DISTRIPÊCHE | Consumer | France | 2015 |
| DROUAIRE ET FILS | Industrials | France | 2010 |
| Easy Cash | Consumer | France | 2012 |
| ETHIQUABLE | Consumer | France | 2012 |
| GA Smart Building | Real Estate | France | 2025 |
| Geommesure | Industrials | France | 2018 |
| Groupe Jardel | Business Services | France | 2015 |
| GROUPE L’ÉCHELLE EUROPÉENNE | Consumer | France | 2018 |
| Groupe Serenis | Healthcare | France | 2015 |
| Groupe Zephyr | Consumer | France | 2026 |
| Hemodia | Healthcare | France | 2022 |
| Hermet Béton | Real Estate | France | 2015 |
| HYD&AU | Industrials | France | 2018 |
| IN SITU | Real Estate | France | 2015 |
| JARDEL SERVICES | Business Services | France | 2015 |
| LAGARRIGUE | Healthcare | France | 2011 |
| LE TEMPS DES CERISES | Consumer | France | 2012 |
| MH Industries | Industrials | France | 2018 |
| NEWREST | Consumer | France | 2010 |
| Nexteam Group | Industrials | France | – |
| Primogel | Consumer | France | 2012 |
| Recaero | Industrials | France | 2025 |
| Roudie Miner | Industrials | France | 2026 |
| Rouzes | Industrials | France | 2016 |
| SGP PRODUCTIONS | TMT | France | 2018 |
| Sirea | Energy | France | 2018 |
| SKY’IN LAB | TMT | France | 2020 |
| SNDC | Industrials | France | 2015 |
| Sofilec | Industrials | France | 2015 |
| SOPRECO | Industrials | France | 2018 |
| Soverdi | Healthcare | France | 2015 |
| Teknimed | Healthcare | France | 2015 |
| TOMMY’S DINNER | Consumer | France | 2018 |
| U-NEED | Software | France | 2018 |
| Vitrinemedia | TMT | France | 2017 |
| Ze-Watt | Energy | France | 2026 |
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Cler Vert | Industrials | France | 2014 | 2021 | Secondary | – | |
| GROUPE FAUCHÉ | Industrials | France | 2017 | 2024 | MBO | – | |
| Meetdeal | TMT | France | 2018 | 2022 | MBO | – | |
| Symexo | Software | France | 2022 | 2026 | Trade Sale | – |
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About Multicroissance
Multicroissance is a private equity firm with capital deployed across 2 active fund vehicles and a founding year of 1987, headquartered in Paris. The platform targets majority and significant minority stakes in European mid-cap businesses across industrials, consumer, software and business services, deploying institutional capital from successive flagship vehicles.
Investment thesis
The platform deploys buyout and growth equity capital across industrials, consumer, software 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 GROUPE FAUCHÉ (consumer, 2024) and LAGARRIGUE (healthcare, 2016). The platform tracks 2 fund vehicles, 53 active portfolio companies and 2 realised exits across the strategy's history. Detailed buyer names and multiple data available on Pro at €29/month.
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