Private Equity FundAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 16 SOURCES

FCDE

Also known as Fonds de Consolidation et de Développement des Entreprises, Consolidation et Développement Gestion

Paris private equity firm (est. 2009) backing transformation of French SMEs and mid-caps with €20M–€100M equity tickets, mostly majority; FCDE Fund III closed at its €400M hard cap in Nov 2025.

HEADQUARTERS: Paris, France
FOUNDED: 2009
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 7 people

FOCUS

STAGES: GrowthBuyout
SECTORS: Industrial & Manufacturing Space Consumer & E-commerce Deep Tech
ASSET MIX: Private equity
GEOGRAPHY: France

WHAT IT IS

Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.

ABOUT

FCDE is a Paris private equity firm set up in 2009, managed by Consolidation et Développement Gestion, an AMF-authorised management company. It backs French SMEs and mid-caps with transformation potential — development, spin-offs, mergers and consolidation — with equity tickets of €20M–€100M, mostly as majority shareholder involved in governance. Its institutional investors are French and international; FCDE Fund III closed in November 2025 at its €400M hard cap, after FCDE Fund II at €277M in 2023. It reports 35 investments since 2009.

INVESTMENT THESIS

French SMEs and mid-caps in growing markets or niches with innovation capability, quality management, differentiating know-how or products and international potential; transformation situations (development, carve-outs/spin-offs, mergers, consolidation, complex situations); €20M–€100M equity tickets with active governance.

PORTFOLIO (18)

Groupe ALLEZ
Industrial & Manufacturing · since 2026
Hemeria
Space · since 2025
SKAKO
Industrial & Manufacturing · since 2025
Kermel
Industrial & Manufacturing
Gestal
Industrial & Manufacturing · since 2019
Lindera
Industrial & Manufacturing
Exens Solutions
Deep Tech
Récréa
Consumer & E-commerce
UTAC
Mobility & Logistics
ASI Innovation
Industrial & Manufacturing
Groupe Editor
Consumer & E-commerce
Bertin Technologies
Deep Tech · since 2022 · Exited
Canal Toys
Consumer & E-commerce · Exited
Didactic
HealthTech · Exited
Babcock Wanson
Industrial & Manufacturing · Exited
De Fursac
Consumer & E-commerce · Exited
NES Group
Software & SaaS · Exited
Serma
Industrial & Manufacturing · Exited

TEAM

Benoît Sellam
CEO · source
Julien Di Marco
Managing Partner · source
Réjean Guern
Managing Partner · source
Brice Carlot
Managing Partner · source
Anne-Laure Dupont
Partner · source
Jules Bosser
Partner · source
Charlotte Lepetit
CFO / COO, Partner & Executive Board member · source

FAQ

FCDE is a private equity fund based in Paris, France, founded in 2009.

Yes. FCDE invests directly in private companies.

FCDE invests at Growth and Buyout stages in Industrial & Manufacturing, Space, Consumer & E-commerce and Deep Tech.

FCDE's stated ticket size is €20M–€100M.

Key people at FCDE include Benoît Sellam (CEO), Julien Di Marco (Managing Partner), Réjean Guern (Managing Partner) and Brice Carlot (Managing Partner).

FCDE's investments include Groupe ALLEZ, Hemeria, SKAKO, Kermel, Gestal, Lindera, Exens Solutions and Récréa, among others.

The most recent publicly reported investment by FCDE is Groupe ALLEZ (Majority stake (exclusive negotiations, put option signed)), announced in Feb 2026.

Yes. FCDE manages capital from outside investors.