Investor Presentaiton
Bpifrance, a public investment bank, is the trusted partner to
entrepreneurs, banks and investors
Set up by law on 12th July 2013, Bpifrance is:
"A public group aiming at financing and developing
companies, and acting in accordance with the
public policies conducted both by the State and
regional authorities"
A century of public banking: details in appendix 1
Current legal entity structure
Bpifrance is a financial company:
1 Held on a 50/50 basis by the French State and
the Caisse des Dépôts
2 Structured around three main operating
subsidiaries:
A bank (Bpifrance Financement)²
Bond issuer
An asset management company (Bpifrance
Investissement)³
An export credit agency (Bpifrance
Assurance Export)
2 Ordinance on 17th June 2020 establishes a new
structure as end of 20204: see details in the next page
Current organizational structure
3 Bpifrance is structured around 3 separate primary
divisions and 8 business lines
Legal structure
Ownership structure
Business lines
1. Overview of Bpifrance
Strongly supported by the French State
French Agency
Aa2 (Moody's) / AA (Fitch)
EPIC 4
Direct & explicit Bpifrance
fully guarantee
on bond and
CP issues
91%2
bpifrance
FINANCEMENT
Bond Issuer
See details in sections 2 & 3
Credit
(cofinancing)
Funding:
Debt
Financing
division
Guarantee
Innovation
Financing
100%
Liberté Égalité • Fraternité
RÉPUBLIQUE FRANÇAISE
GROUPE Under the supervision
and the guarantee of
the French Parliament
Caisse
desDépôts
50% 50%
Bpifrance Group
Bpifrance S.A.
100%
100%
bpifrance
ASSURANCE EXPORT
bpifrance
INVESTISSEMENT
Acting in the name, on
behalf of and under the
control of the State
Equity Investment
division
Venture
Capital
Growth
Capital
(Small, Mid & Large Caps)
Funds of
Funds
Export-Credit
Insurance division
Management
of the State
Export
Guarantee
Funding:
Public allocations
Business Support Services 5
1. Article 1 of Act No. 2012-1559 dated 31 December 2012 on the creation of Bpifrance: http://www.legifrance.gouv.fr/eli/loi/2012/12/31/2012-1559/jo/texte / 2.
Bpifrance Financement is 9%-owned by commercial banks / 3. Bpifrance Investissement is 100%-owned by Bpifrance Participations, a holding company, that is
bpifrance 100%-owned by Bpifrance S.A. / 4. Ordinance No 2020-739 dated 17th June 2020 on the intragroup merger by absorption of Bpifrance SA by Bpifrance Financement 5
/ 5. EPIC status: see details in appendix 1 / 6. Advisory services, training programmes, networking opportunities,...View entire presentation