Pays de la Loire Participations

What Pays de la Loire Participations does

Pays de la Loire Participations (PLP) is a regional co-investment fund wholly owned by the Région des Pays de la Loire, headquartered at 1 Rue de la Loire, Nantes, France. Founded in 2011, PLP provides equity capital to very small and medium enterprises (TPE/PME) in the Pays de la Loire region through two complementary activities: (1) direct co-investment alongside private professional investors (tickets of €100K-€500K for seed, post-seed, development, or redeployment phases), and (2) fund-of-funds investments in specialized regional vehicles targeting innovation, future industry, green economy, and blue economy. SIPAREX serves as the exclusive fund manager under a multi-year mandate selected via an Appel à Manifestation d'Intérêt, handling analysis, execution, monitoring, and divestment, while an independent investment committee meets monthly to approve deals. PLP always takes a minority position pari passu with private investors and applies a patient-capital approach with typical holding periods of 5-8 years.

PLP operates on a €44.4 million equity base, supplemented by a €10 million permanent banking facility from Crédit Mutuel, Crédit Agricole, Caisse d'Epargne, Banque Populaire Grand Ouest, and Société Générale. The fund family includes Pays de la Loire Croissance (€26M, 15 deals completed), Pays de la Loire Croissance 2 (€20M first closing targeting €30M, launched October 2021), Pays de la Loire Relance (51%-owned COVID-recovery subsidiary with regional banking partners), and fund-of-funds holdings in Go Capital, Ouest Venture, Pays de la Loire Développement, Litto Invest, and Yotta Smart Industry. PLP has co-invested directly in 97 companies (67 still in portfolio) over a 10-year horizon and reached 181 companies through underlying funds, with each euro deployed enabling approximately five euros in total SME financing. Capital gains are realized on exits (3 successful exits in 2020 via Kiwatch, Hygiène Expert, and Teester), and there is no traditional product/service revenue stream — PLP is a public-policy capital allocation vehicle rather than an operating company.

Name

Pays de la Loire Participations

Legal name

SAS Pays de la Loire Participations

Website

https://plp-participations.fr

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Pays de la Loire Participations is a regional co-investment fund wholly owned by the Région des Pays de la Loire, providing minority equity (€100K-€500K tickets) to TPE/PME companies alongside private investors, and investing in specialized regional funds across seed, growth, Industry 4.0, and blue economy sectors.

Ownership category

akta.pro rank

Product category

Regional Venture Capital and Private Equity Fund Management

NAICS

Miscellaneous Intermediation (523910), Miscellaneous Intermediation (52391)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact Investment & Development Investment Funds (BPADACAO)

akta.pro secondary industries

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Regional venture capital
• Co-investment fund
• SME equity financing
• Fund-of-funds management
• Minority equity participation

Headquarters

HQ city

Nantes

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Equity Investment Returns: Pays de la Loire Participations generates returns through equity participation in SMEs. The fund invests in companies in exchange for equity stakes, typically maintaining minority positions for 5-8 years before divestment. Returns are realized through capital gains upon exit from investments.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Pays de la Loire Participations is a regional co-investment fund created and wholly owned by the Région des Pays de la Loire. It strengthens the equity capital of regional TPE/PME by taking minority stakes alongside private professional investors, with direct tickets typically ranging from €100,000 to €500,000 and higher tickets up to €2.5-3 million through its successor growth vehicle Pays de la Loire Croissance 2. It also operates a fund-of-funds activity, holding equity positions in specialized regional investment funds. The fund is managed on a day-to-day basis by Siparex and makes decisions via an independent investment committee.

Product overview

Pays de la Loire Participations is a regional co-investment fund structure operated by the Pays de la Loire Region. It operates through two main activities: (1) Direct co-investment in TPE/PME companies alongside private investors, and (2) Fund-of-funds investments in specialized regional investment vehicles. The organization manages multiple named funds targeting different investment stages and sectors including seed capital, growth, industry 4.0, blue economy, and COVID recovery.

Differentiator

Problem solved

Functional benefit

Products and services

• Co-investissement (Co-investment) Direct minority equity co-investment in TPE/PME companies located in the Pays de la Loire region, alongside private professional investors, with typical investment tickets ranging from €100,000 to €500,000 for seed, post-seed, development, or restructuring phases. Always on a pari passu basis and always as a minority shareholder.
• Fonds de fonds (Fund-of-funds) Investments by PLP as a shareholder in specialized regional investment funds that themselves invest in companies, covering seed, growth, Industry 4.0, blue economy, and COVID recovery themes.
• Pays de la Loire Relance A 51%-owned subsidiary dedicated to financing growth and recovery projects of regional PME whose balance sheet was weakened by COVID-related debt, with investments from €100,000 to €300,000 to strengthen equity and unlock new bank loans.
• Pays de la Loire Croissance 2 (PLC2) Successor growth fund primarily targeting industrial or services-to-industry PME with development or rebound projects, with investment tickets up to €2.5 million.

Quantifiable outcome

• 1€ invested by PLP generates €5€ in total financing for companies
• +1 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Symbiose 53coreStrategic or Co-development Partner · 1 January 2021Business angels network based in Mayenne department. Partnership signed with Daniel Bellanger (President of Symbiose 53) and Philippe Besnier (representative of PLP) to strengthen investment opportunities for local businesses with focus on Mayenne department. Organizations commit to pool expertise, resources and networks to offer strategic support and adapted financing to entrepreneurs at each stage of development.
• SIPAREXcoreImplementation/ SI/ Consulting Partner · 1 January 2011SIPAREX was selected as fund manager through an Appel à Manifestation d'Intérêt. The group manages Pays de la Loire Participations' investment activities including analysis, execution, monitoring and divestment. Antoine Puget is Director of the Nantes office of SIPAREX.
• Chambre de Commerce et d'Industrie RégionalecoreStrategic or Co-development PartnerRegional Chamber of Commerce and Industry partnered with PLP and banking partners to create Pays de la Loire Relance fund

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Bpifrance: French national development bank and investor. Bpifrance co-invests in PLP's PLC funds and operates as the national DFI counterpart; it shares the public-capital-mandate model but at national scale, serving similar TPE/PME segments via equity and quasi-equity.

Direct peers

• Siparex (Groupe Siparex): Mid-market French private equity firm selected as PLP's outsourced fund manager. Siparex runs PLP's investment pipeline and manages PLC2; comparable as a regional French PE manager serving PME with growth tickets in the same €500K-€3M range.
• Go Capital: Regional French VC firm based in western France, managing multiple seed and growth funds (Amorçage 1-3, OV4, Impact Océan Capital). Direct co-investment partner of PLP in many deals; operates same geography and ticket-size band.
• ARKEA Capital: Investment arm of Crédit Mutuel Arkéa focused on western France SMEs and startups. Listed as co-investment partner of PLP, with overlapping regional focus and similar minority equity investment models.
• Océane Participations: Regional PE vehicle dedicated to Pays de la Loire SMEs; recurring co-investment partner alongside PLP in transactions like Alsim and Enerdigit. Operates in same region with same customer segment and ticket sizes.
• Ouest Venture: Regional VC fund that PLP holds a participation in via its fund-of-funds activity. Targets innovative companies in western France with similar investment tickets, making it a directly comparable channel partner.

Regional players

• Capital Grand Est: Regional investment fund manager for the Grand Est region of France, operating a regional co-investment/development mandate model structurally analogous to PLP but in a different geography.
• Picardie Investissement (Bpifrance Picardie): Regional development investment vehicle that previously operated in Hauts-de-France region with similar public-mandate co-investment model; now integrated into Bpifrance, useful as a historical reference for the regional DFI model PLP embodies.

Others

• France Brevets / France Invest (Association): French PE/VC industry association representing private capital funds operating in France. Provides the broader institutional context for regional development investors like PLP and informs governance and reporting standards.

Emerging players

• Initiative France (Réseau Initiative): Federation of regional platforms providing quasi-equity loans and equity support to SMEs across France, including in Pays de la Loire. Complementary financing channel serving same TPE/PME segment with smaller tickets but national reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/paysdelaloire

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments48 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pays de la Loire Participations