OUR IDENTITY

Initiative & Finance is an investment firm that has been helping SME entrepreneurs achieve their ambitions for 35 years.

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OUR BUSINESS

Initiative & Finance has been working with SME managers for 35 years. We support our partner executives in their transformation, buyout and growth projects, offering them the perspective and expertise of a professional shareholder to help them tackle their financing, strategy, governance and organizational challenges.

KEY FACTS & FIGURES

35
years of existence
15
investors
315
investments made
30
teams of partner executives
150
add-on acquisitions
7
partners
17
years working together for our partners
2
offices, in Paris and Lyon

OUR MISSION

Our mission is to enable our partner executives to carry out their shareholding projects – buyouts, transfers, acquisitions, growth, etc. – in the best possible conditions, while helping to give their companies solid strategic and structural fundamentals. Over the years, we help to release their potential, and they emerge more robust, more curious about growth opportunities, and better prepared to face the future.

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OUR INVESTMENT STRATEGY

We invest alongside men and women with development projects:

  • Mainly in companies with revenues of €5 million to €100 million 
  • In all kinds of buyouts, etc. (OBO, MBO, MBI, LBU) and in development capital
  • As a majority or minority shareholder
  • In companies located in France, Belgium and Switzerland
  • In all business sectors
  • €2 million to €15 million per operation, and up to €20 million in support
  • For projects lasting 5-7 years
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    OUR INVESTORS

    At present, Initiative & Finance is managing more than €400 million on behalf of top French and European institutional investors:

    insurance companies, pension funds, funds of funds, and sovereign funds such as Bpifrance and the European Investment Fund.

    OUR HISTORY

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    2019

    Initiative & Finance FPCI III fundraising round, worth €206 million

    2020

    Building on its existing know-how, Initiative & Finance launches a new strategy targeting mid-cap and middle-market firms: I&F Mid Tomorow aimed at companies that take the environmental transition into account in the development of their business model

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    1984

    Creation of Initiative & Finance by four financial institutions
    €7.6 million in assets under management via the venture capital mutual fund “FCPR Capital Transfert”

    1988

    The company goes public, taking assets under management to €61.4 million

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    1992

    Friendly takeover of Initiative & Finance by Natixis Private Equity. The firm subsequently spends more than 15 years as an autonomous entity within the Natixis Group (BPCE)

    2010

    Initiative & Finance becomes independent
    Initiative & Finance Gestion is taken over by its Partners

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    2010

    The team moves into asset management for top French and European institutional investors.
    Initiative & Finance FCPR I fundraising round, worth €141 million

    2015

    Initiative & Finance FPCI II fundraising round, worth €168 million

    OUR VALUES

    Loyalty

    We build lasting human relationships, do things properly and keep our promises, earning our partners’ trust and making sure we are always up to the task.

    Conviction

    We believe that, in our business, performance is about more than figures and ratios. Above all, it is a matter of experience and intuition, of courage and tenacity, in our investment choices and in the support we give to our partner executives. 

     

     

    Simplicity

    In the often complex world of private equity, we aim to be pragmatic, humble and close to our partners, remaining accessible and keeping our feet firmly on the ground in all circumstances.

    Collective approach

    We know that human capital is the decisive asset in any project, so we always take a collective approach, sharing decisions, ventures, risks and successes.

     

     

    ESG / SUSTAINABLE DEVELOPMENT

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    Since it became independent in 2010, the Initiative & Finance team, already alert to environmental, social and governance issues (ESG) when planning and managing its operations, has engaged in a process of continuous improvement.

    A signatory of the France Invest and Frech Strategic Investment Fund partner companies charters, Initiative & Finance has always promoted the principles of Responsible Investing. Since 2015, the team has strengthened its commitments with the adoption of a charter setting out how ESG components are itnegrated in its investment policy and approach.

    As a professional shareholder, Initiative & Finance is aware of its responsabilities to all stakeholders and took things to another level in 2020 by becoming one of the first signatories of France Invest’s Gender Diversity Charter. Alongside the planned signature of the Principles for Responsible Investment, the team wants to establish a more comprehensive ESG approach including extra-financial support for its portfolio companies, measurement of ESG criteria and suitable communication in order to help those companies enjoy sustained success and grow in value.

     

    Our
    references

    RONDOT

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    SUCHEME

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    EPSA

    Created in 2001, EPSA has net revenues of €90 million,…

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    MOUSTACHE BIKES

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    PRIMELIS

    Primelis was launched by two young entrepreneurs and generated revenue…

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    EDEA

    Founded in 1979, EDEA specializes in landscaping of green spaces,…

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    MOBILIS

    Created in 1993, the Mobilis group, headquartered in Annecy in…

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    INOMED TECHNOLOGY

    Founded in 2006, Inomed Technology specializes in the design and…

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    PROFERM

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    GROUPE TEZ

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    AZMAN

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    BEL AIR FINE ART

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    Our
    team

    Aline Palasi

    Aline Palasi

    General Secretary

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    Arnaud Mendelsohn

    Arnaud Mendelsohn

    Partner

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    Camille Grosfilley

    Camille Grosfilley

    Investment Manager

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    Cindy Ben Soussan

    Cindy Ben Soussan

    Analyst

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    François Golfier

    François Golfier

    Investment Manager

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    Jean-Bernard Meurisse

    Jean-Bernard Meurisse

    President & Partner

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    Jean-Michel Laveu

    Jean-Michel Laveu

    Partner

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    Jérôme Mathieu

    Jérôme Mathieu

    Investment Manager

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    Marc Dagousset

    Marc Dagousset

    Business Development Director

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    Marie-Laure Moneret

    Marie-Laure Moneret

    Middle Office Assistant

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    Matthieu Douchet

    Matthieu Douchet

    Partner

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    Mayron Beaulieu

    Mayron Beaulieu

    Analyst

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    Thierry Giron

    Thierry Giron

    Managing Director & Partner

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    Natercia Dias

    Natercia Dias

    Receptionist - Assistant

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    Solenne Cheuret

    Solenne Cheuret

    Investment Manager

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    Philippe Dilasser

    Philippe Dilasser

    Investment Director

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    Baudouin d’Hérouville

    Baudouin d’Hérouville

    Partner, Head of Midcap

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    Delphine Bodin

    Delphine Bodin

    Assistant

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