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 |
|---|---|---|---|---|---|---|---|---|---|
| 09/2025 | Minority | Proteor FRANCE | Credit Mutuel Equity / Eurazeo / Bpifrance / BNP Paribas Developpement | MedTech | |||||
| 09/2025 | Majority | Ciril Group FRANCE | The Carlyle Group / Bpifrance | Industry-Specific Software | |||||
| 11/2024 | Minority | Henco FRANCE | BNP Paribas Developpement / Bpifrance | Maintenance | |||||
| 09/2024 | Majority | Texelis FRANCE | Ouest Croissance / Bpifrance | Manufacturers (OEM) | |||||
| 05/2024 | Minority | Socotec FRANCE | Bpifrance / Mubadala | TIC (Testing, Inspection, Certification) | |||||
| 01/2024 | Majority | Aprium Pharmacie FRANCE | Ardian / Bpifrance / Macsf | Outpatient Care | |||||
| 01/2024 | Minority | Demathieu Bard FRANCE | BNP Paribas Developpement / Societe Generale Capital Partenaires / BTP Capital / Bpifrance / Credit Mutuel Equity | Construction | |||||
| 03/2023 | Majority | GCC FRANCE | BNP Paribas Developpement / Bpifrance / BTP Capital / Esfin Participations | Construction | |||||
| 05/2022 | Minority | Vectorys FRANCE | Idia Capital Investissement / Bpifrance / Sofipaca | Freight Transport | |||||
| 04/2022 | Majority | Crouzet FRANCE | Tikehau Capital / Bpifrance / Societe Generale Capital Partenaires | Electronic Components | |||||
| Average (10 yrs) | 2.5x | 10.5x | |||||||
| Median (10 yrs) | 1.6x | 9.9x | |||||||
