Private Equity
VERDOSO is a reference shareholder, driven by a strong entrepreneurial culture and nearly 30 years of experience supporting companies in transformation. We operate without sector constraints, alongside growing or changing companies seeking a committed long-term partner.
Real Estate
Verdoso has been successfully investing in real estate for over twenty years. The company invests equity and credit across all asset classes in various regions. Verdoso has operational expertise in managing hotel and residential real estate assets.
Supporting SMEs and Mid-caps
Our expertise extends to:
- carve-outs from large groups,
- acquisition of so-called "orphan" companies (without strategic support, facing complex operational challenges or specific sector risks),
- support for companies in turnaround situations or insolvency proceedings,
- support for Search Funds.
Our approach is operational: we mobilize the intensity and expertise needed (finance, operational excellence, supply chain, sourcing, technology, automation and AI) to build sustainable growth trajectories, without imposed exit horizons.
At Verdoso, investment is for the long term, serving an industrial project shared with management teams.
Real Estate Acquisition and Management
Verdoso has been investing in real estate with a contrarian approach for over 20 years. From 2009, Verdoso invested in Single Family Homes in the United States. Today, Verdoso has operational expertise in real estate asset management with over 2,000 units in portfolio and 100+ people dedicated to operations.
Our Technological Expertise
Verdoso brings together entrepreneurial skills from multiple sectors with a strong technological lever: we deploy artificial intelligence solutions, voice agents, execute our own full-stack web development and automation to transform complex processes in our portfolio companies, particularly in: industry, supply chain, sourcing, finance and property management. This allows us to gain in responsiveness, financial precision and operational excellence, while preserving what matters: the expertise and service mindset of the teams.
Our History
Since 1997, Verdoso has been an independent French industrial
group founded by Franck Ullmann to invest equity in mid-sized
companies for sustainable transformation. With 2,600
employees, the group now controls 13 companies generating
together nearly €600M in revenue.
Specialist in carve-outs, Verdoso has completed 34
acquisitions since its founding in 1997, applying its method
to revitalize non-strategic activities divested by large
groups. Among our operations: Estamfor (Arcelor), Polyane
(Elf Atochem), Bouguet Pau (Pernod Ricard), NUM (Schneider
Electric), Aptunion (Kerry Group), Cloisons Partena &
Clips (Lafarge), Kompass (Natixis) and The Kooples (Maus).
This experience makes Verdoso the preferred partner for
management teams seeking an engaged, responsive partner who
creates long-term industrial value.
Our Philosophy
Our philosophy is based on entrepreneurial and committed ownership: management teams always invest alongside us. We bring together experts from industry, distribution and services to lead the transformation of the companies we acquire. Funded exclusively by equity, Verdoso has patient capital with no exit constraints; finance is only a means serving a shared industrial project. Each investment is thus based on a clear, quantified action plan validated from the start by management and employees.
Because alignment of interests creates an entrepreneurial dynamic: executives and shareholders together aim for long-term value creation.
We invest equity without exit constraints; we stay as long as necessary to successfully complete the transformation project and ensure sustainable growth.
From the acquisition phase, we develop with the teams a quantified action plan, validated by employees and fully funded to guarantee its execution.
SELLOTAPE sold in 2002
PROSYNE POLYANE sold in 2002
PERFECT listed in 2003
MISTER COCKTAIL sold in 2007
EUROCOOLER sold in 2008
MAXI LIVRES sold in 2008
ATLINKS sold in 2011
ALEMA sold in 2013
ODEOLIS sold in 2014
APTUNION sold in 2015
HENRI MAIRE sold in 2015
GLI sold in 2015
NUM sold in 2018
RECOCASH sold in 2019
GREYSTAL sold in 2024
RETIF sold in 2024
KOMPASS sold in 2026
Finance is a tool, never an end in itself: it serves to secure the human, industrial and commercial resources essential to the project's success.
With its expertise in artificial intelligence and IT, Verdoso does not hesitate, when technology is a lever, to develop its own software components or implement innovative solutions such as AI voice agents.
A Strategic Investor
Verdoso invests exclusively in equity, ensuring total independence in decisions and rapid execution. Our commitments are long-term (≈ 8 years): up to €10M per project, with exit decided jointly once transformation and growth are achieved.
A Complementary Resource
Verdoso only commits funds after co-developing with management a realistic and jointly validated action plan. A dedicated project team leads its execution, allowing management to stay focused on their expertise, then mobilizes the financing required for the development phase that follows.
An Ambitious Partner
Verdoso targets SMEs with up to €250M in revenue, with viable business models but facing change: management transition, carve-out from large groups or need to strengthen their balance sheet. Our intervention secures their financial structure and opens a new growth cycle.
Acquisitions completed
in portfolio company revenue
Employees
Our Portfolio Companies
Divested Participations
Our Team
Franck Ullmann
Founder
Franck Ullmann founded Verdoso in 1997 after 20 years in operational management roles. Since 2002, he has focused exclusively on developing Verdoso, bringing all his expertise to investing in companies undergoing transformation.
Alain Feingold
Partner
Alain Feingold began his career at McKinsey in Paris in 1988 and then at Schneider Electric as Head of Strategic Studies and General Manager of a subsidiary. From 1995, he took over several struggling SMEs alongside investment funds in various sectors (plastic injection molds, smart cards, transport in particular).
Julien Fabre
Partner
Julien began his career at Merrill Lynch in London then Paris where he was appointed Managing Director, before joining Deutsche Bank as co-head of Investment Banking in France (M&A, Equity and Bond Financing). He advised numerous companies and funds on their acquisition or divestiture projects and participated as an investor in the acquisition of several companies.
Quentin Devillechabrolle
Partner
A CentraleSupélec engineer, Quentin began his career at Perenco before joining Palantir Technologies, using Tech to optimize processes in aerospace, insurance and banking industries. He then founded a real estate group, leading the development of digital tools for rental investment. Partner & CTO of Verdoso, he now leads the group's technology strategy.
Martin Rey-Chirac
Partner
After several years in M&A consulting, Martin specialized in infrastructure and energy. He supports project financing in low-carbon hydrogen and lithium refining. He joined Verdoso in 2024 and serves as Business Developer for the group.
Contact
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