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Corporate VCAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 19 SOURCES

Garibaldi Participations

100% owned private-equity subsidiary of Banque Populaire Auvergne Rhône Alpes

Private-equity subsidiary of Banque Populaire Auvergne Rhône Alpes, taking €2M–€10M minority stakes in SMEs and mid-caps of the Auvergne-Rhône-Alpes region since 2004.

HEADQUARTERS
Lyon, France
FOUNDED
2004
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
9 people

FOCUS

STAGES
GrowthBuyout
SECTORS
Industrial & ManufacturingConsumer & E-commerceHealthTechSoftware & SaaSFood & Agriculture
ASSET MIX
Private equityDirect investments
GEOGRAPHY
France

WHAT IT IS

Corporate VC. A corporation investing from its own balance sheet, usually with strategic goals.

ABOUT

Garibaldi Participations has been a wholly owned subsidiary of Banque Populaire Auvergne Rhône Alpes since its creation in 2004. It invests €2M–€10M, with follow-ons, as a minority shareholder or within a majority investor pool in SMEs and mid-caps with revenue above €5M and EBITDA above €1M, for growth, management or owner buyouts and shareholder reorganisations. Holding periods are typically 5–7 years without regulatory liquidity constraints. A team of nine investors covers the region from Lyon and Grenoble.

INVESTMENT THESIS

Multi-sector minority investor in profitable regional SMEs and mid-caps (revenue above €5M, EBITDA above €1M), financing organic and external growth, international expansion, MBO/MBI/OBO and shareholder reorganisations.

PORTFOLIO (9)

  • GEMME
    Consumer & E-commerce · since 2026 · Reinvestment
  • Gérard Perrier Industrie
    Industrial & Manufacturing · since 2026
  • 123 ELEC (Phase Neutre)
    Consumer & E-commerce · since 2026
  • Leman Industries
    Industrial & Manufacturing · since 2026
  • Apperton
    since 2025
  • Tecofi
    Industrial & Manufacturing
  • ADDEV Materials
    Industrial & Manufacturing · since 2008
  • Les Vergers du Sud
    Food & Agriculture
  • SEMCO Technologies
    Industrial & Manufacturing · IPO

TEAM

  • Maria Paublant
    Directrice Générale · source
  • Amandine Boudville
    Directeur de participations · source
  • Guillaume Palerme
    Directeur de participations · source
  • Emmanuelle Le Bras
    Directeur de participations · source
  • Marie-Christine Maurice
    Directeur de participations · source
  • Ludovic Marchal
    Chargé d’affaires · source
  • Armand Gaudenzi
    Chargé d’affaires · source
  • Thaïs Bertucat
    Chargée d’affaires · source
  • Hugo Barral-Cadiere
    Chargé d’affaires · source

LINKS

FAQ

Garibaldi Participations is a corporate venture arm based in Lyon, France, founded in 2004.

Yes. Garibaldi Participations invests directly in private companies.

Garibaldi Participations invests at Growth and Buyout stages in Industrial & Manufacturing, Consumer & E-commerce, HealthTech, Software & SaaS and Food & Agriculture.

Garibaldi Participations's stated ticket size is €2M–€10M.

Key people at Garibaldi Participations include Maria Paublant (Directrice Générale), Amandine Boudville (Directeur de participations), Guillaume Palerme (Directeur de participations) and Emmanuelle Le Bras (Directeur de participations).

Garibaldi Participations's investments include GEMME, Gérard Perrier Industrie, 123 ELEC (Phase Neutre), Leman Industries, Apperton, Tecofi, ADDEV Materials and Les Vergers du Sud, among others.

The most recent publicly reported investment by Garibaldi Participations is GEMME (Secondary LBO, reinvestment), announced in Sep 2026.

No. Garibaldi Participations invests its own capital and does not raise money from outside investors.