TOMORROW FUND

Active since 2022, TOMORROW is the first French buyout mid-cap fund with SFDR 9 strategy. Convinced that environmental transition is a value creation driver, the TOMORROW team supports mid-cap companies by investing between €20m and €80m.

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TOMORROW

The TOMORROW team manages more than €300m and invests alongside management teams across all business sectors. As a majority or minority shareholder, it supports companies with sales usually between €50m and €250m.

Present in any context (LBO, capital development, spin off, carve-out, etc.), TOMORROW focuses on mid-cap companies committed to making environmental transition a value creation driver. 

Key facts &
figures

+ 300 €m
to invest in France and continental Europe
20 - 80 €m
invested per deal
8
dedicated professionals
4
investments made

OUR GOALS

Environmental transition affects companies across all sectors. Therefore, TOMORROW invests in mid-cap companies whose activities and business model evolution during the investment period positively contribute to a selection of Sustainable Development Goals related to the environment.

Companies play a critical role in the transition and have much to gain. Reducing their impacts serves as a performance driver, sustainable new offerings boost growth, and a strong environmental commitment aids in attracting and retaining talent. Thus, adressing the environmental transition enhances the strategic value of the business and reduces its risk profile.

Build a low-carbon economy

Build a circular economy

Protect our ecosystems

Ensure access to key ressources

SUPPORT

The universe of supported business is structured around two types of company profile: Solvers and Pilgrims.

Solvers

Business and purpose are linked to one or several environment-related Sustainable Development Goals:

  • Measured net positive impact
  • Significant share of turnover in “green” products or services

Pilgrims

The company has strong potential to improve its footprint and/or that of its customers:

  • Tangible challenges in reducing environmental footprint
  • Management team’s commitment to put environmental transition at the heart of the strategy

 

TOMORROW prioritizes supportive engagement as a key value: governance is non-intrusive, the management team remains independent, with access to dedicated and responsive contacts. If needed, a partner focused on transformation can provide support on operational issues.

The TOMORROW team offers specialized support on strategic and operational aspects (external growth, international expansion, networking, structuring and reporting, etc.) as well as on issues related to environmental transition (roadmap and goals, eco-design, reshoring, circular economy model, carbon trajectory, biodiversity, CSRD implementation, etc.) with dedicated resources.

ESG contribution

Environment

Comprehensive carbon footprint calculation post-closing

Environmental roadmap

Implementation of standards and custom indicators

Alignment of management interests and compensation

Social

Promotion of a value-sharing mechanism

Identification of key focus areas (training, gender equality, youth employment)

Governance

Promotion of a balanced shareholding structure

Integration of ESG criteria into corporate management

Presence of independent members on the supervisory board

TOMORROW
Team

Baudouin d’Hérouville

Baudouin d’Hérouville

Partner, Head of Midcap

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Caroline Pihan

Caroline Pihan

Partner, MidCap

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Sacha Azuelos

Sacha Azuelos

Senior Investment Manager , MidCap

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Chloé Nonat

Chloé Nonat

Senior Investment Manager, MidCap

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François-Xavier Oliveau

François-Xavier Oliveau

Partner, Transformation

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Clémence Megarbane

Clémence Megarbane

Principal, MidCap

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Jean-Baptiste Bost

Jean-Baptiste Bost

Analyst, MidCap

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Marine Ferchaud

Marine Ferchaud

Analyst ESG, MidCap

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OUR
INVESTMENTS

BABYMOOV GROUP

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CSD INGENIEURS

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AKTID

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OCELLIS

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