NCI

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.

Frequently asked questions

What investment strategy does NCI focus on?

NCI focuses on Growth, Buyout, VC strategies in the private equity space.

How many portfolio companies does NCI have?

NCI has 55 active portfolio companies and 12 completed exits and 6 funds tracked on GP Intel.

Where is NCI headquartered?

NCI is headquartered in Rouen, France.

What is NCI's assets under management?

NCI manages approximately €400M in assets under management.

When was NCI founded?

NCI was founded in 2000.

What sectors does NCI invest in?

NCI invests across Industrials, TMT, Consumer, Software.

What are NCI's recent exits?

Recent realized exits by NCI include: Laboratoires Herbolistique (2026) to Yotta Capital Partners and Ouest Croissance; Asia Voyages (2026) to Axio Capital / Siparex Intermezzo; Chereau (2025) to Consortium led by Arkéa Capital, Crédit Agricole group and Épopée Gestion; Louange (2025) to Groupe Cougnaud; PayGreen (2025) to Lemonway; Saagie (2025) to Scaleway; Biodis (2025) to Bio Filières Durables (ESFIN Gestion); Myriam Jourdan became majority shareholder; SOPANO (2025) to FrenchFood Capital.