Financial
Bpifrance
FRANCE WEBSITE : BPIFRANCE.FR
Bpifrance is France's public investment bank and the most active equity investor in the country by deal count, backing companies of every size and sector, from deeptech seed rounds to mid-caps, often as a minority co-investor alongside national or regional funds. Its equity arm runs close to €60bn across direct holdings and a €21.5bn fund-of-funds programme, and its role reaches well beyond equity, through loans, guarantees and innovation subsidies. Across the deals tracked by mynth, target revenue averages €208m (median €64m), with an average EV/EBITDA of 10.5x against 9.9x at the median.
Bpifrance is France's public investment bank and the most active equity investor in the country by deal count, backing companies of every size and sector, from deeptech seed rounds to mid-caps, often as a minority co-investor alongside national or regional funds. Its equity arm runs close to €60bn across direct holdings and a €21.5bn fund-of-funds programme, and its role reaches well beyond equity, through loans, guarantees and innovation subsidies. Across the deals tracked by mynth, target revenue averages €208m (median €64m), with an average EV/EBITDA of 10.5x against 9.9x at the median.
49 Deals with Bpifrance
| Date | Type | Target | Acquirer | Sector | Rev | EBITDA | EV | xRev | xEBITDA |
|---|---|---|---|---|---|---|---|---|---|
| 04/2026 | Minority | La Tête dans les Nuages FRANCE | Byway Capital / Bpifrance | Leisure Facilities | |||||
| 04/2026 | 100% | Blue FRANCE | Legal & General L&G / Bpifrance | Infrastructure & Cloud | |||||
| 03/2026 | Minority | Friendly Hotels Group FRANCE | 123 IM / Bpifrance / Smalt Capital | Hospitality | |||||
| 01/2026 | Minority | Harmattan AI FRANCE | Dassault Aviation / Bpifrance | Electronics | |||||
| 12/2025 | Minority | Nanoxplore FRANCE | Bpifrance / Mbda | Electronic Components | |||||
| 11/2025 | Majority | Sacred FRANCE | Bpifrance / BNP Paribas Developpement | Material Transformation | |||||
| 10/2025 | Majority | Sabre Paris FRANCE | French Food Capital / Bpifrance | Home & DIY | |||||
| 10/2025 | Minority | Erigea Loisirs FRANCE | Bpifrance / Bred Banque Populaire | Leisure Facilities | |||||
| 10/2025 | Majority | Siparex / Bpifrance | Public Works | ||||||
| 09/2025 | Majority | Ciril Group FRANCE | The Carlyle Group / Bpifrance | Industry-Specific Software | |||||
| Average (10 yrs) | 2.5x | 10.5x | |||||||
| Median (10 yrs) | 1.6x | 9.9x | |||||||
