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Multicroissance

Multicroissance

Balma, France·Founded 1987··multicroissance.fr

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 around 65 active participations spanning industrials, agribusiness, construction, 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.

AUM
€120M
Funds
1
vintages 1991
Portfolio
46
Exits
4

Key facts

HQBalma, France
Founded1987

Recent exits

Symexo
Symexo
Software2026 · 4yr hold
Groupe FAUCHÉ
Industrials2024 · 7yr hold
Meetdeal
TMT2022 · 4yr hold
Cler Vert
Industrials2021 · 7yr hold

Coverage notes

1 fund tracked, 50 portfolio companies (46 active · 4 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

50 companies
Industrials
14 · 28%
Consumer
12 · 24%
Business Services
4 · 8%
Healthcare
4 · 8%
TMT
4 · 8%
Software
3 · 6%
Real Estate
3 · 6%
Aerospace & Defence
2 · 4%

Funds & portfolio

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

1 fund
Multicroissance SAS SCRGrowth
1991 · 35yr€120M46 active · 4 realized

Unrealized

46 held
AMPLITUDES
AmplitudesActive
ConsumerFrance· Entry 2015
Armatis-lcActive
Business ServicesFrance· Entry 2012
ATS Laser
ATS LaserActive
IndustrialsFrance· Entry 2023
BERDOUES
BerdouesActive
ConsumerFrance· Entry 2015
ConsumerFrance· Entry 2025
CHÊNE VERT
CHÊNE VertActive
IndustrialsFrance· Entry 2018
Coaxis
CoaxisActive
IT ServicesFrance· Entry 2021
CONTAXIUM
ContaxiumActive
Business ServicesFrance· Entry 2018
CTOUTVERT
CtoutvertActive
SoftwareFrance· Entry 2022
DE SANGOSSE
DE SangosseActive
IndustrialsFrance· Entry 2010
DISTRIPÊCHEActive
ConsumerFrance· Entry 2015
IndustrialsFrance· Entry 2010
Easy Cash
Easy CashActive
ConsumerFrance· Entry 2012
ETHIQUABLE
EthiquableActive
ConsumerFrance· Entry 2012
Real EstateFrance· Entry 2025
GeommesureActive
IndustrialsFrance· Entry 2018
Business ServicesFrance· Entry 2015
ConsumerFrance· Entry 2018
HealthcareFrance· Entry 2015
ConsumerFrance· Entry 2026
Hemodia
HemodiaActive
HealthcareFrance· Entry 2022
Real EstateFrance· Entry 2015
Hyd&auActive
IndustrialsFrance· Entry 2018
IN SITU
IN SituActive
Real EstateFrance· Entry 2015
Business ServicesFrance· Entry 2015
LAGARRIGUE
LagarrigueActive
HealthcareFrance· Entry 2011
ConsumerFrance· Entry 2012
IndustrialsFrance· Entry 2018
NEWREST
NewrestActive
ConsumerFrance· Entry 2010
Aerospace & DefenceFrance· Entry 2015
PrimogelActive
ConsumerFrance· Entry 2012
Recaero
RecaeroActive
Aerospace & DefenceFrance· Entry 2025
Roudie Miner
Roudie MinerActive
IndustrialsFrance· Entry 2026
Rouzes
RouzesActive
IndustrialsFrance· Entry 2016
TMTFrance· Entry 2018
Sirea
SireaActive
EnergyFrance· Entry 2018
SKY’IN LABActive
TMTFrance· Entry 2020
SNDC
SNDCActive
IndustrialsFrance· Entry 2015
Sofilec
SofilecActive
IndustrialsFrance· Entry 2015
SOPRECO
SoprecoActive
IndustrialsFrance· Entry 2018
SoverdiActive
HealthcareFrance· Entry 2015
TeknimedActive
MedTechFrance· Entry 2015
ConsumerFrance· Entry 2018
U-NEED
U-needActive
SoftwareFrance· Entry 2018
Vitrinemedia
VitrinemediaActive
TMTFrance· Entry 2017
Ze-Watt
Ze-WattActive
ClimateTechFrance· Entry 2026

Realized

4 exits
Cler VertExited 2021
IndustrialsFrance· Entry 2014
Secondaryto
Groupe FAUCHÉExited 2024
IndustrialsFrance· Entry 2017
MBOto
MeetdealExited 2022
TMTFrance· Entry 2018
MBOto
Symexo
SymexoExited 2026
SoftwareFrance· Entry 2022
Trade Saleto
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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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Last updated July 2026 · Sourced from public filings · Report an issue