Investor Presentaiton
Appendix 1 - Guiding principles of the equity investment division
• "Bpifrance's doctrine of intervention" was presented to the French National Assembly and to
the French Senate on May 15th, 2013
●Minority investments
Targeted Sectors and Companies
4. Appendices
Infrastructure, property and real estate,
● Patient investments (average
horizon of up to 8-10 years)
Investment in all sectors except:
•Prudent Investors
Search for profitable
General Interest
•Long Term
•Socially
Responsible
operations (positive return
expected on Bpifrance's equity
capital)
General-interest criteria
(employment, competitiveness
and innovation) taken into
account in the decision-making
process
No stakes in high-leveraged
deals or transactions
banking and finance, media organizations
and research institutes
Focus on:
Growth sectors, particularly
biotechnology, digital technology and
energetic and ecological transition
Build-up operations
From small (SME size) to large caps
● Limited stakes in funds involving company
restructuring processes
Systematic Partnership with
Partner Funds
Systematic search for joint investments with
private investors (both as a LP and as a GP)
bpifrance
35View entire presentation