October 2026
Largest PE & VC Public Companies in France
Benchmark revenue and EBITDA valuation multiples for public comps like
Amundi, Compagnie du Cambodge, Wendel, Eurazeo and Tikehau Capital.
 | Amundi resulted from the merger of the asset manager businesses of French banks Credit Agricole and Societe Generale in 2010. In 2017, it expanded into Italy, Germany, and Austria by acquiring Pioneer Investments, which had previously been UniCredit's asset manager. France accounts for just under half of assets under management, while Italy and the rest of Europe contribute about 30% combined. Assets from Asia are growing rapidly and contribute just shy of 20%. Amundi is the largest European asset manager and a top 10 asset manager globally. Credit Agricole remains a controlling shareholder with a 70% stake. | $100 | +34% | $20B | $18B | 2.5x | 7.3x | ||
| Compagnie du Cambodge is a holding company that manages portfolio of investments. | $107 | -5% | $6.5B | $7B | 45.7x | 456.9x | ||
| Wendel is a publicly listed French investment group headquartered in Paris, with roots in the Lorraine iron and steel business established in 1704. The current corporate entity was incorporated in 1871. Following the nationalization of its steel operations in the late1970s, the group developed a long-term investment business focused on owning and supporting companies. It invests its own capital through principal investments and manages private assets for external investors through its asset-management activities. Its economic returns come from portfolio-company value creation, investment distributions and disposals, together with management-related income from client assets. Wendel describes its approach as committed ownership, working with companies over extended investment periods. Its historical investments included Legrand alongside KKR, and its international investment presence developed from bases in Paris and Luxembourg. | PE & VC+1 | $92 | -2% | $3.6B | $10B | 1.2x | 6.8x | |
| Eurazeo SE is an investment holding company operating as a conglomerate of four private equity segments. The company makes investments across a diverse array of industries and asset sizes, mostly in Europe. Eurazeo Capital, the company's greatest revenue contributor, makes investments in medium and large-sized companies above a certain asset threshold. Its other divisions consist of investments in small- and medium-sized companies, provide growth capital to smaller-sized enterprises, and make investments in real assets. The company is increasingly expanding into the Chinese, Brazilian, and American markets. Eurazeo measures performance by changes in net asset value. | PE & VC+1 | $51 | -26% | $3.2B | $5.3B | 11.2x | (14.6x) | |
| Tikehau Capital is a Paris-headquartered alternative asset manager founded in 2004. It manages private debt, real assets, private equity and capital-markets strategies for institutional and private investors. The firm invests directly and through specialist vehicles, including its T2 Energy Transition strategy used for the Egis transaction. Revenue is generated from management fees, performance-related income and returns on the group’s own capital. Tikehau Capital is listed on Euronext Paris and operates through offices across Europe, North America and Asia. Its classification here reflects the activities and business model disclosed for the period surrounding the reported transaction. Tikehau Capital serves B2B customers through activities spanning PE & VC, Asset Management and Other Financial Services. | $18 | -12% | $3.1B | $4.7B | 6.8x | 31.4x | ||
| Antin Infrastructure Partners specializes in the management of investment funds dedicated to infrastructure companies operating in the energy and environment, telecommunications, transportation, and social infrastructure sectors. It manages and advises funds that invest in infrastructure companies in Europe and North America across its Flagship, Mid Cap, and NextGen investment. The company operates in three geographical locations: France, the United Kingdom, and Luxembourg, with the majority of its revenue coming from France. | $8 | -35% | $1.5B | $1.2B | 3.6x | 6.4x | ||
| ALTAMIR is a France-based asset management company. Its key business involves enhancing the investor's fund value through long-term capital growth. To achieve its objective, it invests in companies with high growth potential across various sectors such as telecom, media, technology, retail and consumer, healthcare, Fund Investments, and financial services. Its strategy also involves investing specifically across the European mid-market, North America, and other emerging markets such as China, India, and Brazil. | $25 | -21% | $918M | $1B | (14.7x) | 25.8x | ||
| Audacia is an independent asset management company based in Paris that offers innovative and diversified investment solutions to private investors, family offices and institutional clients. It operates three business lines: Capital Developpement, which provides expansion capital to growing companies, Venture Deeptech, and Immobilier x Coliving, a real estate strategy. It also offers FCPI investment funds for individuals. Audacia created the Expansion fund, which is dedicated to European aerospace and defence start-ups from pre-seed to Series B, and announced a first closing of EUR 137 million in December 2024. Expansion, not Audacia itself, appears as the investor in rounds such as U-Space's 2025 Series A. Audacia is listed on Euronext and has its office at Hotel de Bourrienne in the tenth arrondissement of Paris. | $4 | +3% | $29M | $26M | 1.5x | 11.8x | ||
| Median | $38 | -9% | $3.2B | $5B | 3.0x | 9.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.