Ciclad

Ciclad is a private equity firm based in Paris, France, established in 1988. The company specializes in supporting the growth of small and medium-sized enterprises (SMEs) in the French market. Ciclad focuses on various investment strategies, including buyouts, growth capital, recapitalization, mergers, and acquisitions. Its investment interests span several sectors, including commercial products, commercial services, financial services, IT services, manufacturing, industrials, and cleantech. By targeting these areas, Ciclad aims to foster the development and expansion of SMEs, contributing to the overall economic growth in France.

Stéphane Billon

Managing Partner

Eléonore Charvet

Junior Associate

Laura Chavanon

Investment Director

Kenza Cohen

Senior Associate

Thomas Deborne

Senior Associate

Muriel Fabre

Partner

Hugues de Gastines

Associate Partner

Valentin Grandel

Junior Associate

Edouard de Kermadec

Investment Director

Théo Laporte

Senior Associate

Axel Pittier

Investment Director

Céline Rabemampianina

Investment Director

Ying Xiao

Associate Partner

Nicolas Rostand

Managing Partner

30 past transactions

iBasis

Private Equity Round in 2024
iBasis, Inc. is a global provider of voice termination and data services, catering to fixed and mobile operators, as well as over-the-top (OTT) and voice-over-broadband service providers. Founded in 1996 and headquartered in Burlington, Massachusetts, the company specializes in a range of voice solutions, including international Voice over LTE, Premium Voice over IPX, and Certified Voice, aimed at enhancing network efficiency and coverage. iBasis also offers comprehensive signaling services, SMS Firewall protection, and roaming integration for mobile operators and mobile virtual network operators. Additionally, the company provides various prepaid solutions, such as retail prepaid calling cards and an online prepaid international calling service. iBasis operates advanced analytics platforms to monitor data traffic and supports its clients with tailored solutions to address connectivity challenges and leverage growth opportunities. As a subsidiary of Tofane Global, iBasis continues to expand its footprint in the international telecommunications market.

Allegro Musique

Acquisition in 2024
Allegro Musique is a provider of musical education services based in Clichy, France. The company specializes in offering comprehensive musical education solutions that include lessons, training, and instructional tools. Allegro Musique frames complete musical itineraries tailored to individual needs and provides home music lessons through a national network of qualified teachers. By focusing on accessibility and affordability, Allegro Musique aims to promote music education and foster a love for music among students of all ages.

Kyotherm

Venture Round in 2022
Kyotherm is an investment company that focuses on financing renewable heat production and energy efficiency projects. The company provides equity investment services to energy service providers, engineering firms, developers, heat consumers, and equipment manufacturers, assisting them in securing third-party financing for their initiatives. Kyotherm specializes in acquiring majority stakes in green energy generation projects, including geothermal and biomass heating plants, as well as district heating networks. By facilitating project capital, Kyotherm enables clients to develop diverse energy infrastructures while enhancing the contractual and financial structuring of these projects.

Desmarez Wireless Solutions

Acquisition in 2021
Desmarez Wireless Solutions is a distributor of professional radiocommunications and attack warning devices such as pedestrian cameras.

Report One

Acquisition in 2020
Report One is a Paris-based company, founded in 2001, that specializes in reporting and business intelligence software solutions. The company focuses on data management, data analysis, and data visualization, enabling teams to share key indicators and insights effectively. Report One supports clients throughout the implementation of business intelligence projects, ensuring that decision-making tools are tailored to their specific needs. In addition to software solutions, the company offers advisory services, training, and ongoing support to enhance the success of its clients' initiatives. Report One operates within a collaborative ecosystem that includes expert integrators and local partners across France, enhancing its ability to meet diverse business challenges.

FrogPubs

Acquisition in 2019
FrogPubs is a chain of pubs and microbreweries located throughout France, catering to diners and pub-goers with a diverse menu. The establishment specializes in American BBQ, fresh salads, and indulgent desserts, providing a casual dining experience. In addition to traditional food offerings, FrogPubs features artisanal beers, allowing customers the unique opportunity to brew their own beer. The combination of quality food and handcrafted beverages aims to create a welcoming atmosphere for patrons seeking both comfort and culinary adventure.

Bonsoni

Acquisition in 2019
Bonsoni has been serving a growing customer base since 2010. Providing a large selection of curated items making Bonsoni one of the most trusted Furniture and Homewares retailers. They strive to offer the best service at affordable prices lower than our high street competitors, and have come to be known for our excellent quality of service and authentic exclusive products sourced from as far as South America, India and Far East Asia.

Kyotherm

Venture Round in 2019
Kyotherm is an investment company that focuses on financing renewable heat production and energy efficiency projects. The company provides equity investment services to energy service providers, engineering firms, developers, heat consumers, and equipment manufacturers, assisting them in securing third-party financing for their initiatives. Kyotherm specializes in acquiring majority stakes in green energy generation projects, including geothermal and biomass heating plants, as well as district heating networks. By facilitating project capital, Kyotherm enables clients to develop diverse energy infrastructures while enhancing the contractual and financial structuring of these projects.

VitrineMedia

Venture Round in 2019
VITRINEMEDIA specializes in the design, manufacture, and service of LED display units for window communication, primarily targeting estate agencies and various other sectors, including banks, insurance companies, and travel agents. Founded in 2006 and headquartered in Saint-Denis, France, with additional offices in Paris and Nice, the company has sold over 2 million LED panels and operates more than 13,000 LCD screens across countries like France, Spain, Portugal, and Italy. VITRINEMEDIA’s product offerings include LED poster holders, dynamic display units, and associated accessories, all designed for easy installation and low energy consumption. The company emphasizes sustainability and reliability in its products, which meet European and international standards. To maintain quality and innovation, VITRINEMEDIA has established a new design and manufacturing facility that includes research and development, purchasing, and quality control departments, ensuring the continued success and sophistication of its display solutions.

Cronite

Venture Round in 2018
Cronite Group specializes in the design, manufacture, and distribution of molded components crafted from special alloys that withstand extreme conditions such as high temperatures and corrosion. The company focuses on serving various industrial sectors, including automotive, energy, iron and steel, waste incineration, and aeronautics. Its product line features refractory steel tools and components made from nickel-chromium steel alloys, which are engineered for high-temperature applications and thermal shocks. This ensures enhanced reliability and efficiency in processes like heat treatment and combustion, making Cronite a key player in the industrial market.

L'Ebénoïd

Acquisition in 2018
Ebénoïd specializes in the design, manufacture and marketing of lighting and electrical accessories for professional use.

Human Design Group

Venture Round in 2018
Human Design Group, based in Saint Aubin, France, specializes in ergonomics and human factors consulting services. Established in 1978 and formerly known as Bertin Ergonomics, the company caters to a diverse range of sectors, including aerospace, automotive, nuclear energy, defense, transport, and medical industries. Human Design Group focuses on evaluating ergonomics in real-time supervision, industrial control, and embedded systems. By doing so, the company helps clients identify and manage human factors risks, thereby enhancing the reliability and safety of complex organizational systems. Additionally, the firm offers research and development services to support the digital transformation of these systems, emphasizing user experience throughout its consulting processes.

E-Swin

Acquisition in 2018
E-Swin, established in 2008 in Houdan, specializes in pulsed light technology for aesthetic and medical applications. Originally focused on hair removal and skin treatments for individuals and professionals, the company has expanded its offerings to include ophthalmological solutions for dry eye diseases through its ESW Vision division. Since its launch in 2014, this ophthalmology segment has grown to account for 75% of the group's revenue, driven by the effectiveness of its innovative IRPL pulsed light technology, which provides efficient and cost-effective treatments. E-Swin designs, manufactures, and markets medically certified devices, aiming to deliver simple and effective solutions for dermatology, aesthetics, and ophthalmology on a global scale.

Tofane Global

Venture Round in 2018
Tofane Global specializes in providing unified communications solutions tailored for operators and digital platforms globally. The company focuses on the international voice, data, and mobile carrier market, which exceeds $46 billion. By delivering extensive coverage and scalable solutions, Tofane Global assists its clients in enhancing their core strategies and adapting to the demands of the digital era. The company effectively combines various telecom and digital services, creating flexible virtual platforms that support operators and digital players in achieving improved performance and transformation.

Seat Ventilation

Acquisition in 2018
SEAT Ventilation SAS is a manufacturer specializing in anti-corrosion industrial fans designed for laboratory and industrial ventilation applications. Established in 1968 and located in Verniolle, France, the company offers a range of products, including various series of fans such as SEAT, JET, and STORM, along with controllers and accessories like stands, clips, and damper switches. SEAT Ventilation caters to diverse clients, from large multinational corporations to small enterprises, providing tailored solutions that address the unique challenges of ventilation in laboratories across different sectors. In addition to its fan systems, the company also offers installation and maintenance services, ensuring clients achieve optimal performance in their ventilation setups.

CinéChèque

Acquisition in 2017
CinéChèque, founded in 1985 and based in Saint-Germain-en-Laye, France, operates as a leading provider of cinema tickets and vouchers. The company offers a unique coupon system that allows customers to purchase tickets for nearly 75% of cinemas across France, including both local theaters and large multiplexes. In addition to cinema tickets, CinéChèque also provides vouchers for various leisure activities such as parks, museums, and other entertainment options, making it a versatile choice for recreational outings. Its offerings enable customers to enjoy a wide range of leisure activities at affordable prices, ensuring a convenient and accessible experience for moviegoers and leisure enthusiasts alike.

Precimetal

Acquisition in 2017
Precimetal is a precision foundry that focuses on manufacturing complex steel and alloy parts for various industries, including aerospace, defense, and medical instrumentation. The company specializes in lost-wax casting techniques and produces components suitable for small, medium, and large-scale production. Utilizing a range of materials, including stainless steel, copper, nickel, and cobalt alloys, Precimetal provides industrial clients with the necessary parts for their production needs.

Edeis

Venture Round in 2016
Edeis is a company that specializes in engineering, operations, and construction solutions, primarily serving the engineering and infrastructure management sector. It focuses on a range of areas, including buildings and industrial projects, city and transport infrastructure, digital transition, and the management of airports, ports, and parking facilities. Edeis provides technical services aimed at helping clients effectively realize and manage their development and planning operations, ensuring comprehensive support throughout the project lifecycle.

Cadexpert

Acquisition in 2015
Cadexpert, founded in 1998 and based in Limonest, France, specializes in the integration and consulting of SAP enterprise resource planning (ERP) solutions. As an independent SAP group, the company focuses on delivering operational consulting services tailored to the specific needs of various sectors. By offering pre-parameterized solutions through its Cadexpress platform, Cadexpert enables businesses and institutions to implement SAP applications efficiently. This approach helps clients streamline their business management processes while minimizing costs and accelerating project timelines. Since June 2017, Cadexpert has operated as a subsidiary of TVH Consulting SAS.

ALSEI SAS

Venture Round in 2015
ALSEI SAS is a French real estate group.

Groupe Parera

Acquisition in 2015
GROUPE PARERA specializes in mapping, computer-aided drafting (CAD), and geographic information systems (GIS) services tailored for network managers, local authorities, and trade unions. Founded in 1968 and based in L'Isle-Jourdain, France, the company provides a range of services including network detection, geo-referencing, cartography, topography, GIS asset management, and infrastructure management. GROUPE PARERA also engages in surveying, optical fiber 3D, lidar surveys, and publishes GIS software. With a national presence across France and operations extending to overseas territories and regions in East Africa and Madagascar, the company focuses on delivering reliable thematic and technical maps through field audits and comprehensive project management.

Agritubel

Venture Round in 2014
Agritubel is a manufacturer and seller of agricultural equipment specifically designed for livestock farming, focusing primarily on cattle and horse breeding. Established in 1988 and based in Loudun, France, the company offers a diverse range of products, including cattle locking yokes, self-service feeders, and various types of panels and gates. Its product lineup also includes calf feeding yokes, single foot cubicles, containment products, and accessories for livestock management. Agritubel's innovations aim to enhance the safety and organization of livestock, catering to the needs of farmers through a global network of distributors and dealers.

Yxelia

Acquisition in 2014
Yxelia is a holding company that specializes in optimizing costs and enhancing revenue and productivity for businesses in the telecommunications sector. With extensive experience in integrating landlines, mobile services, and local area networks, Yxelia aims to develop sustainable and profitable business strategies. The company focuses on advancing next-generation technologies to meet the diverse communication needs of digital enterprises, ensuring they remain competitive in a rapidly evolving landscape. Through its telecom and IT services, Yxelia addresses the critical requirements of modern businesses, facilitating their growth and operational efficiency.

SLAT

Acquisition in 2014
SLAT is a prominent player in the European DC power supply market, specializing in the design and manufacture of battery-powered power supplies. With a workforce of approximately 70 employees, the company focuses on providing solutions that ensure energy continuity for various applications where reliability is crucial. SLAT's product offerings include secure and outdoor power supplies designed to maximize energy efficiency, thereby enabling clients to maintain a consistent power supply in critical situations. The company's commitment to quality and innovation positions it as a trusted partner for businesses that require dependable energy solutions.

BH Technologies

Acquisition in 2013
BH Technologies SAS is a company that develops and supplies products and services focused on the management of public lighting and waste management. It specializes in urban lighting systems that aim to support sustainable ecological transitions. By offering solutions related to public lighting and garbage collection, BH Technologies enables local authorities to reduce energy costs and facilitate the implementation of energy-efficient practices. The company's commitment to sustainability positions it as a key player in helping municipalities achieve their environmental goals.

Bernasconi

Venture Round in 2012
Bernasconi is a construction and civil engineering company located in Les Geneveys-sur-Coffrane, Switzerland. It specializes in the design and construction of a diverse range of structures, including highway bridges, public facilities, multi-unit residential buildings, and commercial properties. The company serves public authorities, the private sector, and mixed partnerships, ensuring that their projects adhere to international standards and safety regulations. Bernasconi is committed to delivering quality construction services for both small and large-scale developments.

Inovelec Group

Acquisition in 2012
Inovelec Group is an electronic subcontractor that specializes in the design, industrialization, manufacturing, testing, and integration of electronic cards and related products. Serving various sectors including medical, military, industrial, and automotive markets, the company provides customized electronic solutions. Inovelec Group is capable of delivering prototypes of electronic cards and printed circuit boards, along with 3D mechanics and wiring, allowing clients to develop tailored electronic products while minimizing operating costs. The company is known for its efficiency, offering rapid prototype turnaround within 48 hours.

Paillard

Acquisition in 2012
Paillard SAS is a manufacturer based in Melun, France, specializing in technical axles for various road and special vehicles. Established in 1898, the company provides both standard and custom axles, as well as brake devices and related accessories. Its products cater to diverse sectors, including airports, construction, mining machinery, and wheeled trams. Paillard's expertise in this niche market positions it as a key player in supplying essential components for industrial vehicles and trailers.

ROBODRILL

Venture Round in 2012
Robodrill SA is a manufacturer based in Genas, France, specializing in the design, production, and rental of underground drilling equipment. Established in 1996, the company offers a range of tailored machines, including automated and manual drilling rigs, customized jumbos, and special drilling equipment, all built from standard base components. Robodrill's products cater to various underground projects, providing options with different configurations such as multiple booms and service baskets. The company also provides essential services like tunnel excavation, production drilling, and equipment maintenance, which includes on-site repairs and support. Additionally, Robodrill has a robotics department that develops software for managing drilling patterns and automating processes, enhancing efficiency in the tunneling and mining sectors.
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