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.
Verdoso has been successfully investing in real estate for over twenty years, deploying equity and credit across all asset classes and regions. The group holds genuine operational expertise in managing hotel and residential real-estate assets.
Verdoso invests in public markets with the same entrepreneurial discipline, powered by Cassandra, its proprietary platform: risk consolidated continuously, forecasts confronted with reality and scored over time by the Brier score. Capital backs convictions that have already proven right.
Our expertise extends to:
Our approach is operational: we mobilise the intensity and expertise needed — finance, operational excellence, supply chain, sourcing, technology, automation and AI — to build sustainable growth trajectories, with no imposed exit horizon.
At Verdoso, investment is for the long term, serving an industrial project shared with management teams.
Verdoso has invested in real estate with a contrarian approach for over 20 years. As early as 2009, it invested in Single Family Homes in the United States. Today, the group holds recognised operational expertise in real-estate asset management, across hotel and residential assets.
Verdoso designs and develops proprietary operating systems in-house — within each portfolio company and across the portfolio as a whole. Knowledge, data and processes are centralised into a single living operational layer, where artificial intelligence works continuously to streamline operations and unlock new growth levers.
Cassandra · the operating system for generational wealthWithin each company, we bring together knowledge, data and processes into a single repository. Every portfolio company thus has its own operating system, which streamlines and accelerates its operations.
Across the portfolio, these systems communicate: data, expertise and best practices flow from one company to another, with AI agents watching, analysing and executing around the clock.
Responsiveness, financial precision and operational excellence — additional growth levers, activated company after company.
Since 1997, Verdoso has been an independent industrial group founded by Franck Ullmann to invest equity in mid-sized companies and transform them sustainably. With 2,600 employees, the group now controls 14 companies generating together nearly €600M in revenue.
A carve-out specialist, Verdoso has completed 35 acquisitions, applying its method to revitalise non-strategic activities divested by large groups: Estamfor (Arcelor), Polyane (Elf Atochem), Bouguet Pau (Pernod Ricard), NUM (Schneider Electric), Aptunion (Kerry Group), Cloisons Partena & Clips (Lafarge), Kompass (Natixis) or The Kooples (Maus).
This experience makes Verdoso the partner of choice for management teams seeking an engaged, responsive shareholder who creates long-term industrial value.
Our philosophy rests on entrepreneurial, 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 holds patient capital with no exit constraint; finance is merely a means serving a shared industrial project. Each investment is built on a clear, quantified action plan, validated from the outset by management and employees.
Verdoso invests exclusively in equity, ensuring full independence of decisions and swift execution. Our commitments are long-term (≈ 8 years): up to €10M per project, with an exit decided jointly once the transformation and growth are achieved.
Verdoso only commits its funds after co-designing a realistic, jointly validated action plan with management. A dedicated project team drives its execution, letting management stay focused on its craft, then mobilises the financing required for the growth phase.
Verdoso targets SMEs and mid-caps with up to €250M in revenue, with viable models but facing change: leadership transition, carve-out from a large group, or the need to strengthen their balance sheet. Our involvement secures their financial structure and opens a new growth cycle.
Franck Ullmann founded Verdoso in 1997 after 20 years in operational management roles. Since 2002, he has focused exclusively on developing Verdoso, investing in companies undergoing transformation.
After experience at Goldman Sachs, Vincent Fahmy held operational management roles in various companies — from SMEs to listed groups. He joined Verdoso in 2006 to partner with Franck Ullmann in the acquisition of NUM from Schneider Electric.
A graduate of Babson with a master's from NYU, Vladimir joined Verdoso in 2018 after experience in U.S. real-estate investment. He created and leads Honpo, a platform for acquiring and managing budget hotels in France.
Sacha Ullmann studied engineering at EPFL (materials science) then at École Polytechnique de Paris (Economics, Finance and Data Analysis). He began his career at Software Club, leading the Equity Research team focused on "B2B Software".
Alain Feingold began his career at McKinsey in Paris in 1988, 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 across varied sectors.
A CentraleSupélec engineer, Quentin began at Perenco then in technology, optimising processes across aerospace, insurance and banking. He later founded a real-estate group and led the development of digital tools for rental investment. Partner & CTO, he now leads the group's technology strategy.
After several years in M&A advisory, Martin specialised in infrastructure and energy, supporting project financing in low-carbon hydrogen and lithium refining. He joined Verdoso in 2024.
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