NCI
NCI is a regional private equity firm based in Rouen, France, investing in company creation, growth and ownership transitions, with around EUR 400 million under management. Founded in 1999, it focuses on supporting SMEs and startups primarily in north-west France and the Île-de-France region.
Key facts
Recent exits
Coverage notes
6 funds tracked, 49 portfolio companies (41 active · 8 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
49 companiesFunds & 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 |
|---|---|---|---|
| Industrials |  France | 2025 | |
| Mobility | France | 2026 |
France· Entry 2025France· Entry 2026NCITYImpactinvesting2022 · 4yr€50M7 active
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Deep Tech | France | 2024 | |
| Aerospace & Defence | France | 2025 | |
| ClimateTech | France | 2025 | |
| Mobility | France | 2025 | |
| Construction | France | 2025 | |
| Mobility | France | 2025 | |
| PropTech | France | 2025 |
France· Entry 2024France· Entry 2025France· Entry 2025France· Entry 2025France· Entry 2025France· Entry 2025France· Entry 2025Reprendre & Developper 5BuyoutHarvesting2021 · 5yr€100M16 active · 1 realized
Unrealized
16 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | France | 2022 | |
| Mobility | France | 2021 | |
| IT Services | France | 2022 | |
| Business Services | France | 2022 | |
| Business Services | France | 2023 | |
| Business Services | France | 2024 | |
| Consumer | France | 2021 | |
| Financials | France | 2024 | |
| Business Services | France | 2022 | |
| Industrials | France | 2024 | |
| Industrials | France | 2023 | |
| – | – | 2022 | |
| Mobility | France | 2021 | |
| Business Services | France | 2022 | |
| Construction | France | 2023 | |
| Industrials | France | 2023 |
France· Entry 2022France· Entry 2021France· Entry 2022France· Entry 2022France· Entry 2023France· Entry 2024France· Entry 2021France· Entry 2024France· Entry 2022France· Entry 2024France· Entry 2023France· Entry 2021France· Entry 2022France· Entry 2023France· Entry 2023WaterStart CapitalBuyoutharvesting2019 · 7yr€50M6 active · 3 realized
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Data & Analytics | France | 2020 | |
| TMT | France | 2019 | |
| PropTech | France | 2021 | |
| Business Services | France | 2019 | |
| AgTech | France | 2021 | |
| Deep Tech | France | 2021 |
France· Entry 2020France· Entry 2019France· Entry 2021France· Entry 2019France· Entry 2021France· Entry 2021Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Fintech | France | 2019 | 2023 | Trade Sale | – | ||
| Fintech | France | 2019 | 2025 | – | – | ||
| Data & Analytics | France | 2020 | 2025 | Trade Sale | – |
Reprendre & Developper 4BuyoutHarvesting2017 · 9yr€84M10 active · 3 realized
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services | France | 2019 | |
| Consumer | France | 2019 | |
| Industrials | France | 2020 | |
| Business Services | France | 2017 | |
| Business Services | France | 2017 | |
| Business Services | France | 2019 | |
| Industrials | France | 2019 | |
| Industrials | France | 2019 | |
| Logistics | France | 2019 | |
| AdTech | France | 2018 |
France· Entry 2019France· Entry 2019France· Entry 2020France· Entry 2017France· Entry 2017France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2018Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Hospitality | France | 2018 | 2026 | Secondary | – | ||
| Industrials | France | 2018 | 2024 | Secondary | – | ||
| Industrials | France | 2020 | 2025 | Secondary | – |
Major Capital2009 · 17yr0 active · 1 realized
Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Hospitality | France | 2013 | 2017 | Secondary | – |
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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.
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France·€370MGet the full picture on NCI.
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