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 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.
Multicroissance is a Balma growth equity firm with €120M AUM, 46 active companies and 4 exits.
- ·4 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 4 realized deals: 6 years.
- ·Top sector focus: Industrials (26% of portfolio).
Sector breakdown
50 companiesKey facts
Recent exits
Multicroissance sold Symexo to Avimea + Irdi Capital Investissement in 2026 after 4 years.
Multicroissance sold Groupe FAUCHÉ to Management + EMZ Partners in 2024 after 7 years.
Multicroissance sold Meetdeal to Management in 2022 after 4 years.
Multicroissance sold Cler Vert to Calcium Capital in 2021 after 7 years.
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€120M46 assets4 exitsGrowth1991 · 35yr€120M464
Unrealized
46 held| Company | Entry |
|---|---|
| Amplitudes Hospitality · 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 IT Services · France | 2021 |
| Contaxium Business Services · France | 2018 |
| Ctoutvert SaaS · 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 MedTech · 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 MedTech · France | 2011 |
| LE Temps DES Cerises Consumer · France | 2012 |
| MH Industries Industrials · France | 2018 |
| Newrest Hospitality · France | 2010 |
| Nexteam Group Aerospace & Defence · France | 2015 |
| Primogel Consumer · France | 2012 |
| Recaero Aerospace & Defence · France | 2025 |
| Roudie Miner Industrials · France | 2026 |
| Rouzes Industrials · France | 2016 |
| SGP Productions TMT · France | 2018 |
| Sirea ClimateTech · France | 2018 |
| SKY’IN LAB TMT · France | 2020 |
| SNDC Industrials · France | 2015 |
| Sofilec Industrials · France | 2015 |
| Sopreco Construction · France | 2018 |
| Soverdi Healthcare · France | 2015 |
| Teknimed MedTech · France | 2015 |
| TOMMY’S Dinner Hospitality · France | 2018 |
| U-need IT Services · France | 2018 |
| Vitrinemedia TMT · France | 2017 |
| Ze-Watt ClimateTech · France | 2026 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Cler Vert Industrials · France | 2014 | 2021 | Secondary | Calcium Capital | – |
| Groupe FAUCHÉ Industrials · France | 2017 | 2024 | MBO | Management + EMZ Partners | – |
| Meetdeal TMT · France | 2018 | 2022 | MBO | Management | – |
| Symexo IT Services · France | 2022 | 2026 | Trade Sale | Avimea + Irdi Capital Investissement | – |
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.
Frequently asked questions
- What investment strategy does Multicroissance focus on?
- Multicroissance focuses on Growth, Buyout strategies in the private equity space.
- How many portfolio companies does Multicroissance have?
- Multicroissance has 46 active portfolio companies and 4 completed exits and 1 fund tracked on GP Intel.
- Where is Multicroissance headquartered?
- Multicroissance is headquartered in Balma, France.
- What is Multicroissance's assets under management?
- Multicroissance manages approximately €120M in assets under management.
- When was Multicroissance founded?
- Multicroissance was founded in 1987.
- What sectors does Multicroissance invest in?
- Multicroissance invests across Industrials, Consumer, Healthcare, Software, Business Services, Energy, Real Estate, Financials, TMT.
- What are Multicroissance's recent exits?
- Recent realized exits by Multicroissance include: Symexo (2026) to Avimea + Irdi Capital Investissement; GROUPE FAUCHÉ (2024) to Management + EMZ Partners; Meetdeal (2022) to Management; Cler Vert (2021) to Calcium Capital.
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