assets

With more than 480 cold stores in the United States, Latin America and Europe, Lineage is the world’s leading specialist of cold chain logistics serving the food industry on behalf of producers, wholesalers and mass retailers. Its services extend beyond deep freeze storage and include value-added services including deep freezing, repackaging, outsourced order management and logistics. Lineage is one of the two main consolidators in the sector, with more than 100 acquisitions since 2008 that have enabled the group to build a global presence (United States, Europe, Latin America and Asia). Lineage completed its IPO in July 2024 (NASDAQ: LINE).

Capsa Healthcare is a leading US producer of medical equipment, serving healthcare providers such as hospitals, clinics, nursing homes and pharmacies. The company designs, produces and sells medication carts (with or without mobile IT hardware), sterile preparation workstations and automated drug management systems.

Capsa is the result of a series of acquisitions carried out by its management since 2008, with the support of an American family and then Levine Leichtman Capital Partners.

Founded in 2000, Entoria is France’s 2nd largest wholesale broker, specialising in social protection for self-employed workers and building and construction insurance.

Its solutions are distributed by a network of 9,000 independent brokers across France.

The Big Bottling Company produces and distributes carbonated and non-alcoholic beverages in Nigeria. Its main product is BIG (cola, lemon and orange flavours).

The company is a subsidiary of Ajegroup, one of the largest multinationals in the drinks sector in South America and Africa. The Big Bottling Company directly employs 250 people at its plant near Lagos and its target production volume is around 40 million cases per year.

Founded in 2009, The Lian is a Chinese "Tmall Partner" (or "TP") that helps international beauty brands expand in Chinese e-commerce, particularly on Tmall. The Lian offers a "turnkey" service package (online store management and operation, customer service, logistics, marketing) enabling brands that are little or not present in China to enter this fast-growing market, particularly through official stores on Tmall or other platforms (JD.com, VIPShop, Little Red Book).

Livspace, which was founded in 2015, is a fast-growing Indian company and market leader in turnkey interior design. The company is completely reorganising the value chain in the interiors market through the adoption of digital technology, while also standardising and automating processes, leading to major productivity gains. Livspace has operations in over 60 cities in India, as well as in Singapore and Saudi Arabia.

Ÿnsect is a French company that is a pioneer in farming and processing insects to produce premium ingredients used as alternatives to traditional animal proteins and to fertilisers. The year 2024 was marked by the opening of a safeguarding procedure (25 September).

Jianke, founded in 2007, is a Chinese company that has developed an online pharmacy service and has since 2018 been offering online consultation services. With these remote medicine services, doctors can monitor patients suffering from chronic diseases digitally, and patients can have prescribed medicines directly to their homes. Jianke completed its IPO in Hong Kong in July 2024 (06086.HK).

Singapore-based Venturi Partners is an asset management company founded in 2019. It targets consumer investments in the Growth Equity segment in India and Southeast Asia.

By the end of 2024, Venturi I had invested in six platforms: Livspace (turnkey interior design in India) in 2021; Believe (health and beauty products in Bangladesh and India) in 2022; Country Delight (premium fresh produce delivery in India) in 2022; Pickup Coffee (premium coffee chain in the Philippines) in 2023; Dali (chain of hard discount stores in the Philippines) in 2024 and K-12 (primary school operator in India) in 2024.

Peugeot Invest committed $25 million to Venturi I in 2021 and made an additional $8 million co-investment in Country Delight (2022 and 2023) and an additional $2.5 million co-investment in K-12 (2024).

Since 2015, Peugeot Invest has joined forces with several European families to make occasional co-investments in real estate projects in the United States. Projects are proposed and managed by a team of US professionals within ELV Associates, which was founded in 1991. Projects mainly involve residential property development, but also include office and retail properties. In 2024, Peugeot Invest continued its partnership with ELV Associates by committing a further $16.8 million to three projects located in Palm Bay (Florida), Washington DC and Knoxville (Tennessee). In the same financial year, ELV sold two projects (Reflection and Whistler) for $8.3 million.

The OPCI Lapillus II, managed by LBO France’s real estate team, successively purchased the Tour Marchand in 2016, a 16,000 m² office building in La Défense that has been completely renovated, and the Grand Angle building in Saint-Denis in 2019, which has 17,000 m² of office space.

Maikailai is a Chinese company that sells beauty, personal care and home care products in China. Building on its experience as a Tmall Partner, the company has capitalised on its expertise, its command of new distribution channels (particularly live-streaming) and the rise of domestic brands in China to develop its own brands.

Colonies is one of the leading players in the European coliving market. Coliving is a concept that originated in the United States and is a cross between living in shared accommodation and living in a hotel. Several people live in a home in which they have both their own private spaces and large communal areas where they can benefit from a wide variety of services (sports facilities, cinema, spa etc.) and shared activities (cleaning, WiFi, laundry etc.). The investment financed the acquisition of 28 assets, as well as their renovation and refurbishment prior to their operation by Colonies under a long-term lease.

Arboretum is a 130,000 m² low-carbon office and services campus, built using timber-frame construction and located in the La Défense area. It is surrounded by 25 hectares of parkland and is located on the banks of the Seine. It will provide a wide range of interior and exterior workspaces, seven organic restaurants, a conference entre and services such as a 2,000 m² sports centre. The campus, inaugurated in September 2024, is currently being marketed for rent.

eBeauty (formerly UCO) is a leading “Tmall Partner” (or TP) in China. The company helps more than 40 international beauty brands (Estée Lauder, Clinique, La Roche Posay etc.) to grow in the Chinese e-commerce market, particularly Tmall. eBeauty offers a turnkey service (online store management and coordination, customer service, logistics, marketing), allowing brands with little or no presence in China to enter this market, for example via official stores on Tmall or other platforms (JD. com, VIPShop, Little Red Book). Peugeot Invest became an indirect shareholder of eBeauty after its acquisition of TheLian in 2022.

Founded in 2003, SantéVet is the leading provider of pet insurance in France. The company designs, distributes, and manages comprehensive insurance policies tailored for pets. Building on its strong position in the French market, SantéVet is actively expanding its footprint across Europe.

Causeway is a UK-based company that accompanies various stakeholders throughout the life cycle of construction projects, from initial design through to construction, asset management and maintenance. Causeway is achieving rapid growth, supported by a broad market and favourable trends such as the adoption of digital technology in the construction sector, which is still at an early stage, and an increasing number of projects.

Schwind is a German company specialising in making ophthalmic lasers for corneal refractive surgery. 55% of its revenue comes from selling lasers, including its best-selling Amaris range, and nearly 30% of its revenue is regarded as recurring (services and maintenance, consumables etc.). Future growth should continue to be driven by the relatively recent launch of the Atos laser, which opens up a new market in lenticular extraction surgery. The group has more than 200 employees.

Gruppo Florence is the leading manufacturer of luxury goods for major players in the clothing industry. The group has expanded through external growth, consolidating several independent leather goods and ready-to-wear subcontractors within a common platform. The company enables luxury brands to outsource certain stages in the design, development and manufacture of products that require specific know-how and skills.

Nomios is a European leader in cybersecurity and network infrastructure services. The group mainly serves the large enterprise market, offering a wide range of services: audit, design of security/network systems, resale and integration of solutions, maintenance and management of cybersecurity incidents. Based in France, Nomios has twenty offices in Europe and over 680 employees, many of whom are certified engineers.

Based in France, Doctrine is a legal intelligence platform providing exhaustive access to legal information (>12 million court decisions, statutes, decrees etc.) and its automatic analysis in real time. Thanks to its innovative technology, Doctrine enables its 15,000 customers, both lawyers and jurists, to carry out faster and better quality searches. Doctrine also automates administrative tasks with new generative AI features. Peugeot Invest Assets, represented by Amaury Cabaud, is a non-voting board observer of Doctrine’s Supervisory Committee.

High Street Retail Valorisation (HSRV) is a value-added vehicle managed by F&A Asset Management, dedicated to city-centre retail property. Its aim is to build up a portfolio of high street retail premises located mainly in the Paris region (>70%), with good fundamentals (location, configuration etc.) and offering potential for repositioning or optimisation after acquisition.

Founded in 2011 in London, TradingView is a leading platform for financial charting and market data, primarily serving retail investors. With over 90 million users worldwide and more than 40,000 commercial partnerships (including with platforms such as eToro) it ranks among the most visited websites globally. TradingView generates revenue through a freemium model, with a portion of its user base subscribing to paid plans that unlock advanced features and tools.

Springbrook is a US-based software company serving nearly 3,000 small and medium-sized US municipalities. It offers two main activities: an Enterprise Resource Planning (ERP) system designed for local governments and a payment solution to facilitate tax collection. Springbrook has a cloud offering that allows its customers to access their data with greater flexibility and security.