A joint interview with Didier Genoud, Managing Partner at Ciclad, and Olivier Dubuisson, Managing Partner at Karista Over the past few years, European defence has become a central topic for French and European investors. Behind this renewed focus lies a complex reality: long industrial cycles, dependence on public procurement, sovereignty issues, but also rapid technological […]

Ciclad Stories #13: Music Maestro! For this 13th episode, Hélène Rabéchault welcomes us to the headquarters of our portfolio company Allegro Musique. With nearly 30,000 teachers throughout France, the company offers in-home music lessons for all instruments and all levels. Allegro Musique is growing rapidly thanks to innovative tools that optimize connections between teachers and […]

On Monday 26 January, we brought together more than 90 people for the presentation of our Si Vis Pacem fund dedicated to SMEs in the defense industry. It was a very enriching evening with ▶️ an introduction to the geopolitical context by General Eric Autellet ▶️ an update on the defense industry and MOI/SME relations […]

Ciclad Stories #12 MyReport We take you to MyReport to discover THE French data analysis solution, the simplest and most comprehensive! In this episode, Thibaut Chesne tells us why more than 4,000 customers have adopted this #BI solution, and how MyReport helps them in their daily decision-making (data collection and preparation, analysis and dashboards, distribution). […]

We are pleased to announce that we have acquired a majority stake in CAPELEC, a specialist in measurement and control equipment for the automotive sector. This primary owner buyout (OBO) transaction is being carried out alongside the CEO, Thierry COTON, son of the founder and head of the company since 2005. Founded in 1989 and […]

CICLAD is pleased to announce that it has acquired a majority stake in EPISOD, the leading premium gym and boutique gym chain in Paris, alongside BNP Paribas Développement. Benoît Mazerat, CEO of EPISOD, and his management team remain fully committed to this new phase of growth. This managerial continuity guarantees both loyalty to the brand’s […]

On 3 June, we brought together our teams, investors, partners and some of our entrepreneurs. It was an opportunity to take stock of the last twelve months, which have been very positive: ✅ 5 investments, including Izentit, Airplane Painter, BMI Group and CENTAURE INVESTISSEMENTS ✅ 7 build-ups for Bonioni, BAÏJA, BIO-TECH, Centaure Investissements, Vittori, Ceradel, […]

The Harry Développement Group, European leader in the distribution of products and equipment for leisure ceramics, continues its growth by acquiring Keramik Kraft, leader in the German and Austrian markets. The group, supported by Ciclad since 2021, thus completes its 4th acquisition in the niche leisure ceramics market, estimated at €300m in Europe, which has […]

Already present in Haute-Savoie and Poland, Bonioni continues its international expansion with the acquisition of Italian company La.Ro. s.r.l. The Lyon office is delighted to support the group in this build-up operation, giving birth to a European industrial group specialized in the manufacture of complex cold-forged components for a variety of industrial sectors. The companies […]

We take you to a security specialist for professionals in this 11th episode of Ciclad Stories. Bio-Tech is an expert in the integration of video surveillance, biometric access control and intrusion detection solutions, based in Toulouse and Bordeaux. Jean-Christophe Py, the company’s Chairman, tells us why Ciclad’s acquisition of a stake in Bio-Tech in 2022 […]

We are delighted to announce the closing of our Ciclad 7 fund at €190 million, exceeding the size of Ciclad 6. Many thanks to our historic investors for renewing their confidence in us. Alongside them, our LP base has become much more diversified and solidified with the arrival of new institutional investors. Our expansion into […]

Our entry into BAÏJA’s capital at the end of 2023 had a dual objective: to accelerate the company’s growth and to finance external growth operations. Here is Baija’s first build-up with the acquisition of the nailmatic brand, a specialist in bio-based nail polishes and beauty products for children (colored bath bombs, temporary tattoo markers, etc…). […]

Our 10th episode of Ciclad Stories tells the story of how Desmarez became the WAVENSYS group. Or how the Desmarez company became the WAVENSYS group, the French leader in private radio communications and related services. After five decades of family growth in the Hauts de France region, Thierry DESMAREZ and Bertrand Desmarez decided in 2020 […]

✍ Ciclad Entreprise has just acquired a majority stake in Izentit, a specialist in the digital sale of original spare parts. This is a primary MBI transaction alongside an experienced takeover manager, Benjamin Maquet, and the founders, who are reinvesting in the operation. ️ Izentit develops a white-label e-commerce business on behalf of dealers. In […]

We are pleased to announce three new appointments: Eric Bruguière and Thomas Roudil become managing partners and Hugues de Gastines is named partner.

Together, we are proud of the results of 2024, a remarkable year for Ciclad in every respect! On the investment front, 3 new investments in our Ciclad Entreprise fund (Phen’X Technologies in the Lyon region, Centaure Investissements in the South-West, BMI in Pays de Loire) for €13m; 2 new investments in our Ciclad 7 fund […]

In this episode of our Ciclad Stories, we spotlight a woman who runs a group specializing in the distribution of paint and consumables for bodybuilders. ‍ Leslie Thibault heads the Iraklia Group, a dynamic small business founded by her grandfather in 1948 and developed by her parents. Since 2021, we’ve been supporting her development with […]

First build-up for our GROUPE VITTORI shareholding, with the acquisition of Pargaud, based in Bart (25). Founded in 1980, PARGAUD provides a full range of painting services (interior and decorative, rendering, exterior thermal insulation) and plastering services for fitting-out projects, suspended ceilings, modular partitions and technical floors. This acquisition will enable GROUPE VITTORI to round […]

Thank you to all our friends and partners who visited us in Paris during these three days at IPEM! Amazing time, sharing interesting conversations about the future of French SMEs.

We are delighted to welcome Eliesse Boudokhane to our team as Investor Relations Manager, Private Clients. With a degree in International Economics from Paris II Panthéon-Assas and a Master in Management from NEOMA BUSINESS SCHOOL, Eliesse began his career at Gestion 21 as an investor relations officer with a clientele of CGP, MFOs, management companies […]

Third build-up for DESMAREZ who has acquired TEL, a company based in Saint Pol sur Mer, near Dunkerque. TEL (Télécommunication Electronique du Littoral), founded in 1978, has genuine expertise in radio communications, video security, conference translation and sound systems. This acquisition will enable DESMAREZ to pursue its territorial coverage and strengthen its position in Northern […]

Ciclad, via its Ciclad Entreprise fund, has become a shareholder in the Cognac-based wealth management advisory group Centaure Investissements, alongside its founder and CEO, Cyrille Restier. Since its creation in 2010, Centaure Investissements has grown its client base organically, providing support in its four areas of expertise: wealth advisory services, financial investments (insurance and CIF), […]

Ciclad acquires a stake in Groupe Phen’X Technologies, a specialist in the machining of precision parts for the medical sector, through an LBO. This primary LBO is also an opportunity for managers Manuel Gomes and Christophe Roy to involve the director of the Portuguese industrial site in the capital. This operation will enable the group […]

Over 60 of us gathered on June 6 to take stock of the past twelve months, with our teams, investors and some of our entrepreneurs. 📶 With 7 investments (in Ciclad 7 and Ciclad Entreprise), 2 exits and 11 build-ups, it’s been a very dynamic year in a contrasting market. Remarkably dynamic in terms of […]

Following the acquisitions of Integratech, Sunlux, Spécéclair and Spécilux, the Lighting Développement Group pursues its development by finalizing the acquisition of SFEL in France and Lunoo in Belgium. Ciclad is supporting this build-up strategy, enabling Lighting Développement to expand into new markets and geographies, and to round out its offering, which remains focused on sustainable, […]

In the latest issue of ESCP Alumni magazine, you can read a joint interview with Didier Genoud, Céline Rabemampianina and Eléonore Charvet, who give a good overview of our business and Ciclad’s investment strategy: primary operations, mainly in the context of buyout projects, in the small cap segment. 👉 It is this approach that has […]

As part of an MBO, Ciclad has acquired a stake in Allegro Musique, France’s leading provider of home music lessons, thereby enabling a transfer of governance. The transaction involves a handover between Jean-Charles Lopez, founder and chairman since the creation of Allegro Musique in 2004, and 3 key managers, including Hélène Rabéchault, who becomes Managing […]

Ciclad is honoured to see Hugues de Gastines, Associate Partner, selected as one of the 100 young leaders who are shaking up the world of finance in the “Choiseul Finance de demain 2024” ranking. ➡ A ranking that highlights the new faces of a finance that is committed and in full transformation in the face […]

Annabelle Wephre joins the team of six Ciclad partners Stéphane Billon, Eric Bruguiere, Didier Genoud, Nicolas Rostand, Thomas Roudil and Muriel Fabre. A member of the team since 2018, Annabelle has gradually taken over responsibility for the entire finance department and helped to structure the company. As part of her promotion, Annabelle is now taking […]

Ciclad, through its Ciclad Entreprise fund, has just acquired a majority stake in LOGIPROX, a company specialising in the B2B rental and maintenance of vending machines for consumables, in particular Personal Protective Equipment (PPE), industrial supplies and office supplies. Logiprox has developed SAAS management software to monitor stocks and consumption. The customer base comprises ~500 […]

CICLAD is acquiring a stake in Bains & Nature, which under the Baïja brand distributes natural and scented cosmetics such as skin care products (for the face and body), eau de parfum and home fragrances (scented candles and bouquets). CICLAD carried out this transaction alongside the company’s founders Elisabeth Arnaud and Fabrice Saïd. This Owner […]

In a primary transaction, Ciclad is acquiring a stake in the Vittori group, which specialises in building maintenance and renovation, thereby enabling a transfer of governance. The transaction involves a handover from Philippe Vittori, Chairman since 1989, to Olivier Gazeaux, Director of a subsidiary, who becomes Chairman and shareholder. The four other directors and the […]

Let’s meet at IPEM Paris in September 18th to 20th! Our team will welcome you at our booth “Central 355” at Jardin des Tuileries, contact us to book a meeting.

We are pleased to announce the appointment of Muriel Fabre as Partner. Muriel joins Ciclad’s team of five partners. She becomes a shareholder of CICLAD & ASSOCIES, the holding company which owns 100% of CICLAD GESTION, the AMF-approved management company for the various investment vehicles. Muriel is also a member of the Investment Committee for […]

🌍 On May 31, after our Investors meeting, Arthur de Lassus 🥕 and Amaury Lethu took our entire team on a journey to 2050! On the program was a three-hour Decarbonized Horizons participative workshop to understand the breakdown of a French person’s carbon footprint and ways to drastically reduce it. 🌍 What’s at stake in […]

On the occasion of our annual review presented to investors on May 31, we focused on our build-up strategy, one of the major levers of value creation for our fine SMEs. ➡ This was initiated a long time ago, since between 1989 and 1993, Ciclad had already carried out an emblematic build-up, accompanying one of […]

Since 2021, we have been accompanying Christophe Thevenot and Benjamin Rachet at the head of the EIF Group. EIF is a consulting firm of about 50 employees that operates in local taxation, urban planning taxation and beyond, R&D. Discover in our 8th episode of Ciclad Stories what value sharing, external growth and international development mean […]

Let’s meet at IPEM Cannes from January 23rd to 25th! Our team will welcome you at our booth P228-P230 at Level 0, contact us to book a meeting.

For the 7th episode of our Ciclad Stories series, we go Haute-Savoie to visit Bonioni, the cold heading expert. Stéphane Albert, CEO, and Laurence Haulet, CFO, take us at the heart of this unique expertise in material transformation. In a fraction of a second, a wire becomes a complex metal part, with a constant volume. […]

We’ll be happy to welcome you on IPEM event from September 20th to 22nd in Cannes. Book a meeting with our teams on our booth Level 1 – H 272.

Ciclad takes part in the “Initiative Climat  International (iCI)” in order to be part of the Private Equity’s concerted action against climate change. Within the UNPRI framework, of which Ciclad is a participant, the iCI manifesto involves 3 commitments which are fully in line with Ciclad’s ESG values and policy: -To acknowledge that climate change […]

Discover Jean-Christophe Courné-Noléo interview, President of the ALSEI Group, which inaugurates our “Ciclad stories” video series. Innovative buildings, mixed-use real estate, CSR commitment, the group is building the city of tomorrow by putting people at the heart of its projects. Its various subsidiaries Alsei Entreprises, Davril and Opale make the group a committed player in […]

Despite the health crisis, Edeis and the Brittany region remain ambitious for the future of the Saint-Malo’s harbour and have recently unveiled their plans for the future. The recent resolution of a conflict with the dockers has relaunched the local cargo’s handling which has resumed at a good pace. In addition, work to renew port […]

Specializing in the financing of renewable heat and energy saving projects, Kyotherm continues its development thanks to an initial green bond issue of 30 million euros. The infrastructure debt fund “BRIDGE” managed by Edmond de Rothschild Asset Management (“EDRAM”) is participating in this transaction for €28.5 million, with Johes subscribing the balance. This first bond […]

H&A Location was born in the vineyard 16 years ago. The idea was the result of a reflexion led by Richard Hardillier and Florent Arrouy in collaboration with the winegrowers on the problems related to the costs and management of the vineyards’ barrels parks. It has been a success: today, H&A Location has three offices […]

During the lock-down, students from the “Ecole Supérieure d’Osteopathie” (ESO), of which Ciclad is a shareholder, completed their practical internship in a hospital environment. Thus, the nursing staff of the APHP Hospitals (Saint Antoine APHP, Tenon APHP), the Vauban Clinic, the Etablissement public de Santé Ville Evrard, the hospitals of the Groupement Hospitalier de l’Est […]

PRECIMETAL has acquired the SETTAS S.A. precision foundry located in Charleroi (Belgium), part of the Anglo-American group DONCASTERS Ltd.  This acquisition is enabled with the financial support of its historical partners, including CICLAD, majority shareholder since 2017. A new investor, the Belgian investment fund PROFINPAR,the management of PRECIMETAL and SETTAS also participated in the project. […]

Ciclad has acquired a majority stake in FrogPubs, alongside its founder and CEO, Paul Chantler. Ciclad had been an investor in the group until 2014 and has thus an extensive knowledge of the business and a good relationship with the CEO. This is the 10th investment of Ciclad 6. Founded in 1993, FrogPubs is a […]

Tofane Global, the leading communications solutions group enabling operators and digital players worldwide, confirmed on February 8 the closing of its acquisition of iBASIS, formerly a Royal KPN N.V. company.   In September 2018, CICLAD took part in the acquisition of the Altice Europe N.V. international voice carrier businesses in France, Portugal, and the Dominican […]

We are happy to welcome Edouard de Kermandec and Thomas Deborne as new junior associates in the Paris Office. An ISEP and ESSEC alumni, Edouard started his career in the M&A team of BNP Paribas in New York and Paris. An EDHEC and London School of Economics (LSE) alumni, Thomas started his career in Private […]

The University of Geneva is organizing a series of conferences on the Digital Humanities in 2019. Human Design Group, a company in which Ciclad invested recently, will take part in the debate, and host a discussion on “Affective Computing: how does your computer love you?”. Dr. Guillaume Chanel, a Human Sciences Data Scientist at Human […]

We are pleased to announce that CICLAD has organized an Owner Management Buy-Out coupled with a capital increase of VitrineMedia alongside its three current managers. Founded in 2007 by Thibault Guillaume and Benjamin Champagne, VitrineMedia employs 160 people with an associated turnover of more than €16M. VitrineMedia is the French leader of windows display solutions […]