Serge Mesguich

BPIfrance Investissement is an active manager which invests in French SMEs across sectors, seeking firms which have been in business for at least three years and which have a demonstrated level of profitability. The firm takes minority or majority positions in investee companies, generally financing in the form of shares and convertible bonds in businesses generating between EUR 5-80 million. BPIfrance Investissement typically invests EUR 0.4-3 million per transaction, collaborating frequently with other financial investors for investments up to six million euros.

Provides travel services

AT is a private equity investment manager focused on sectors including lodging, catering, tourism, leisure infrastructure, entertainment and health-related facilities. The firm invests in sound French businesses with at least 5 million Euros in turnover and a gross margin around 30%. They acquire minority stakes in companies in need of capital for organic growth and acquisitions as well as in companies facing succession issues. They may enter majority deals in syndication with other investors. The firm invests in the form of shares, convertible bonds and warrants. Deals are sourced through AT's business network, in particular accountants. AT's investment selection process emphasizes the ability of a dynamic and competent management team to implement a clear and realistic business plan. The firm actively supports the growth of their portfolio companies while leaving management responsibilities to the management team in place. They may follow up their initial investment with additional capital. AT generally exits their investments through trade sales, and their targeted exit horizon is five to seven years.

Functions as a College/University

BPIfrance Investissement is an active manager focused on small, medium and intermdiate-sized businesses with high-growth potential. They favor sectors related to industry and technology and focus on investments in France. The firm invests either directly through dedicated investment funds or indirectly through private equity funds, partnerships and fund of funds managed by third parties. They invest across development stages, from start-ups to small LBO operations resulting from corporate succession issues. Their deal-sourcing process is both regional and national.