What the BPI says about its investments… It’s interesting because it shows that it intends to exit later with a capital gain and therefore we would be at purchase levels for Wordline and Alstom…
February 29, 2024
2023 ACTIVITY REVIEW | RECORD ACTIVITY: 63 BILLION EUROS INJECTED INTO THE FRENCH ECONOMY AND 1.1 BILLION EUROS IN ESTIMATED NET RESULT
https://presse.bpifrance.fr/bilan-dactivite-2023-activite-record-63-milliards-deuros-injectes-dans-leconomie-francaise-et-11-milliard-deuros-de-resultat-net-estimation/
Development capital – SMEs, ETIs and Large Companies:
Investments:
LThe activity of the Large Cap team amounts to more than €1 billion, including €455 million deployed in investments from the LAC1 fund (Alstom, Elis). 35 operations were carried out, mainly through new investments in mid-sized companies such as Ateliers de France, EPSA, Adhetec, Tesca, Quadient and Biose. The dynamic of reinvestment in participations to support their development continues, particularly with GEs (notably Malteries Soufflet, Worldline) but also in mid-sized companies at the heart of strategic sectors such as energy and environmental transition (Neoen), French Touch ( Mediawan) or cybersecurity (Chapsvision).