NCI
NCI is a major regional private equity firm based in Rouen, France, investing in creation, development, and transmission of companies with around €400 million under management. Founded in 1999, it focuses on supporting SMEs and startups primarily in the North-West of France and Île de France regions.
Key facts
Recent exits
Coverage notes
6 funds tracked, 47 portfolio companies (40 active · 7 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund NCI has raised, with its portfolio companies. Hand-checked from public filings.
Reprendre & Developper 6Buyout2025 · 1yr€100M2 active
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Metalu Plast | Industrials | France | 2025 |
| Starwash | Industrials | France | 2026 |
NCITYImpact2022 · 4yr€50M7 active
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Cold Pad | Deep Tech | France | 2024 |
| Expliseat | Industrials | France | 2025 |
| Keey Aerogel | ClimateTech | France | 2025 |
| Load Stations | Mobility | France | 2025 |
| Technologies & Habitat | Industrials | France | 2025 |
| Valused | Mobility | France | 2025 |
| Wellow | PropTech | France | 2025 |
Reprendre & Developper 5Buyout2021 · 5yr€100M15 active · 1 realized
Unrealized
15 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ATLENSYS | Industrials | France | 2022 |
| Chereau | Industrials | France | 2021 |
| DecideOm | IT Services | France | 2022 |
| DPSA | Business Services | France | 2022 |
| Impact Evenement | Business Services | France | 2023 |
| IPC | Business Services | France | 2024 |
| Laboratoires Herbolistique | Consumer | France | 2021 |
| LBC | Financials | France | 2024 |
| Le Roy Logistique | Business Services | France | 2022 |
| Loca Service | Industrials | France | 2024 |
| Oceplast | Industrials | France | 2023 |
| Pommier | Industrials | France | 2021 |
| Prescom | Business Services | France | 2022 |
| Proferm | Industrials | France | 2023 |
| RHD | Industrials | France | 2023 |
WaterStart CapitalBuyout2019 · 7yr€50M6 active · 2 realized
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Early Metrics | Data & Analytics | France | 2020 |
| Exotrail | TMT | France | 2019 |
| Flatsy | PropTech | France | 2021 |
| Human and Work | Business Services | France | 2019 |
| Jungle | AgTech | France | 2021 |
| Scalinx | Deep Tech | France | 2021 |
Reprendre & Developper 4Buyout2017 · 9yr€84M10 active · 3 realized
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AGN | Business Services | France | 2019 |
| Biodis | Consumer | France | 2019 |
| Groupe ATI | Industrials | France | 2020 |
| Groupe Decharenton | Business Services | France | 2017 |
| Groupe Lecaux Imprimeries | Business Services | France | 2017 |
| Legallais | Business Services | France | 2019 |
| Priplak | Industrials | France | 2019 |
| SIPD | Industrials | France | 2019 |
| Sofrino | Industrials | France | 2019 |
| Welcoming | Business Services | France | 2018 |
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Asia Voyages | Consumer | France | 2018 | 2026 | Secondary | – | |
| FACTEM | Industrials | France | 2018 | 2024 | Secondary | – | |
| SOPANO | Industrials | France | 2020 | 2025 | Secondary | – |
Major Capital2009 · 17yr0 active · 1 realized
Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| France Thermes | Hospitality | France | 2013 | 2017 | Secondary | – |
Saved GPs appear in your watchlist, one click from your workspace.
About NCI
NCI is a major regional French private equity firm with approximately €400 million of assets under management, founded in 1999 and headquartered in Rouen. The firm invests in creation, development and transmission of companies, focusing on SMEs and startups primarily in the Normandie and broader western French regions across multi-strategy lifecycle vehicles.
Investment thesis
NCI targets French regional SMEs and startups across the company lifecycle, deploying venture capital (early-stage), growth equity (scaling SMEs) and selective buyout transactions (transmission scenarios). Equity ticket sizes vary by strategy from venture-stage early commitments through to growth and transmission positions. The regional Rouen heritage provides deep Normandie banking and management team relationships supporting deal sourcing across western French regional ecosystems.
Recent activity
Recent realised exits include Louange (2025), PayGreen (2025), Saagie (software, 2025) and SOPANO (2025), reflecting strong 2025 distribution across the regional portfolio. The platform tracks 3 funds, 4 active portfolio companies and 4 realised exits across the multi-strategy regional programme. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.
France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€6.0BFrance·€5.1B