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Family HoldingPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 12 SOURCES

Compagnie Lebon

Also known as Lebon & Cie, COMPAGNIE LEBON SA

Paris-listed investment company controlled by the Lebon Paluel-Marmont family; runs Esprit de France hotels and thermal spas and invests via its Paluel-Marmont Investissement platform.

USEFUL FOR Fund managers raising capital · Business owners seeking a long-term partner · Co-investors

Paris-listed family investment company controlled by the Lebon Paluel-Marmont family since 1835; parent of the Paluel-Marmont Investissement (PMI) platform and Esprit de France hotels.

Family & background

FAMILY
Lebon Paluel-Marmont
WEALTH ORIGIN
Gas lighting and utilities (Lebon & Cie, founded 1835; nationalised 1946); later Rexel (sold 1987)
HEADQUARTERS
Paris, France
FOUNDED
1835
OUTSIDE CAPITAL
Yes — also manages others' money

Investment approach

SECTORS
Industrial & ManufacturingSoftware & SaaSReal Estate & PropTechConsumer & E-commerce
GEOGRAPHY
FranceEurope
STAGES
GrowthBuyout
ROUTES
Companies (own capital) · Funds (as LP)
STRATEGIES
Private equityDirect investmentsReal estate
TICKET
€800K–€15M
LATEST DEAL
Drotek (Minority capital entry via Re-Sources (PMI), alongside Grand Sud-Ouest Capital; management remains majority shareholder) · Jun 2026

Overview

Compagnie Lebon traces its origins to the gas-lighting concession Charles Lebon obtained in Dieppe in 1835; it has been listed in Paris since 1854 and controlled by the Lebon and Lebon Paluel-Marmont family throughout. After the 1946 nationalisation of gas and electricity it became a holding investing in industrial, commercial and financial holdings, created CDME (later Rexel, sold 1987) and Paluel-Marmont Capital. Today it operates boutique hotels (Esprit de France) and thermal spas, and invests through the Paluel-Marmont Investissement platform, where it is the first investor in each operation alongside a club of more than 350 business owners. Its Paluel-Marmont Capital arm, AMF-approved, reports €100m under management and also handles investments in third-party funds; PMV structures real-estate club deals in which Compagnie Lebon takes 25–50%.

Investment thesis

Development and transmission capital for French SMEs and mid-caps: club deals of €2m–€15m in small and mid caps (industry, business services, green), regional SME tickets of €800k–€6m via Re-Sources, co-investments alongside European LBO sponsors, and urban real-estate and hotel club deals.

Holdings & investments (7)

INVESTMENT ARMS & VEHICLES

  • Paluel-Marmont Investissement (PMI)
    Investment platform: Paluel-Marmont Capital (mid-cap club deals), Re-Sources (regional SME capital), PMCI (co-investment), PMV/PMH (real estate and hotels)
  • Esprit de France
    Boutique-hotel operator in Paris
  • Sources d'Équilibre
    Thermal spas (Brides-les-Bains, Allevard, Rochefort)

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

  • Esprit de FranceNOTABLE
    Consumer & E-commerce
  • Drotek
    Deep Tech · since 2026 · Via Re-Sources (PMI)
  • Securinfor
    Software & SaaS · Majority LBO
  • Quadrilatère
    Real Estate & PropTech · Majority LBO
  • Snetor
    Industrial & Manufacturing · Co-investment, development capital
  • Sogetrel
    Industrial & Manufacturing · Exited early 2021 (co-investment in a majority LBO)
  • Rexel
    Exited

People

  • Geoffrey Defasque
    Responsable d'investissements, Paluel-Marmont Valorisation · source
  • Philippe Aoun
    Chief Executive Officer · source
  • Pascal Paluel-Marmont
    Chairman of the Board · source
  • Vincent Roca
    Chief Financial Officer · source
  • Romain Rastel
    President, Re-Sources Capital · source
  • Séverine Quoniam
    Directrice juridique · source
  • Catherine Vallot-Alves
    Directrice des Ressources humaines · source
  • Louise Chanavas
    Directrice RSE · source
  • Julien Chouteau
    Directeur de participations, Paluel-Marmont Capital · source
  • Foucauld de Saint Seine
    Directeur de participations, Paluel-Marmont Capital · source
  • Mohamed Zein
    Directeur général, Paluel-Marmont Valorisation (PMV) · source
  • Emmanuel Beraud-Sudreau
    Directeur général, Paluel-Marmont Hôtels (PMH) (Comex); Directeur associé PMH (team page) · source
  • Jérémie de Fombelle
    Directeur général, Hôtels Esprit de France · source
  • Laura Landry
    Directrice générale, Sources d'Équilibre (SET Brides, SET Allevard, SET Hôtels, SET Parc Allevard) · source

Frequently asked questions

Compagnie Lebon is a family holding based in Paris, France, founded in 1835.

Compagnie Lebon invests on behalf of the Lebon Paluel-Marmont family (Gas lighting and utilities (Lebon & Cie, founded 1835; nationalised 1946); later Rexel (sold 1987)).

Compagnie Lebon invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes private equity, direct investments and real estate.

Compagnie Lebon invests at Growth and Buyout stages in Industrial & Manufacturing, Software & SaaS, Real Estate & PropTech and Consumer & E-commerce.

Compagnie Lebon's stated ticket size is €800K–€15M.

Key people at Compagnie Lebon include Philippe Aoun (Chief Executive Officer), Pascal Paluel-Marmont (Chairman of the Board), Vincent Roca (Chief Financial Officer) and Romain Rastel (President, Re-Sources Capital).

Compagnie Lebon's holdings and investments include Esprit de France, Securinfor, Quadrilatère, Snetor, Sogetrel, Drotek and Rexel.

The most recent publicly reported investment by Compagnie Lebon is Drotek (Minority capital entry via Re-Sources (PMI), alongside Grand Sud-Ouest Capital; management remains majority shareholder), announced in Jun 2026.

Yes. Compagnie Lebon manages capital from outside investors.