Céline Cheval

BTP-CI is a private equity investment manager focused on small and medium-sized companies in the construction sector, public works, and related industries. The firm invests capital on behalf of BTP Banque, in the form of direct equity and convertible bonds. They invest between 75 thousand and 1 million Euros per deal, acquire minority stakes and do not seek board representation. Their targeted exit horizon is seven to ten years. BTP-CI participates in operations including expansion financing both organic and through acquisitions, shareholder restructuring and LBO. They invest exclusively in France, and target companies with at least 2 million Euros in turnover. Their investment criteria include profitability and a sound balance sheet. The firm also invests indirectly through third-party private equity funds, particularly in the renewable energy sector.