Capital reorganization of TECOFI with AFRICINVEST, BPIFRANCE et GARIBALDI

Financière de Courcelles advised Tecofi Group shareholders on its capital restructuring with the support of Africinvest, Bpifrance, and Garibaldi Participations.

Lyon, France, December 11, 2025

Tecofi Group continues its development by announcing the acquisition of a stake in its capital by the Franco-African Fund 2, managed by AfricInvest Europe, which joins two existing financial shareholders, Bpifrance and Garibaldi Participations. The management team, led by Fabien Fayard, assisted by David Oundjian and Christelle Million, and under the leadership of Chairman Jean Paul Colombel and Group co-founder Jean-Claude Renard, is taking advantage of this transaction to increase its shareholding.

Founded in 1985, Tecofi specializes in the design and manufacture of industrial valves, primarily butterfly and guillotine types, as well as taps and check valves for various high-growth sectors (water, energy, HVAC, paper, food processing, chemicals, etc.).

The Group employs approximately 240 people across five subsidiaries covering Europe, Africa, the Middle East, and Asia, and relies on a network of local partners to distribute its products in over 110 countries.

Tecofi operates in the most resilient segments of the industrial valve market and serves a wide range of end markets, all of which are growing. This growth is reflected in the Group’s financial performance, with revenue increasing by an average of 8% annually in recent years, reaching approximately €60 million.

Tecofi is also continuing to strengthen its CSR policy by optimizing its industrial processes to reduce its carbon footprint and consolidating its production base in France. The Group is prioritizing increasingly localized production—either brought back to France or carried out as close as possible to its customers—in order to simultaneously improve its lead times and its environmental impact. In 2025, Tecofi became the first purpose-driven company in the valve industry.

With the support of investment funds, Tecofi’s management team, under the leadership of Jean-Paul Colombel (Chairman) and Fabien Fayard (CEO), aims, with this new round of financing, to accelerate the Group’s development by combining organic growth and acquisitions, in order to penetrate potential new markets (nuclear, hydrogen), diversify its products, and expand its customer base. To achieve this, Tecofi will be able to leverage its expertise across the entire value chain from design and production, its international presence, its established brand image, its experienced and dynamic management team, as well as sound financial management and a clear strategic vision. The company will also fully benefit from the expertise of its financial partners, particularly Africinvest Europe, to consolidate and strengthen its presence on the African continent, where it already operates through a subsidiary in Egypt.