Share Capital Reorganization of TECOFI with AFRICINVEST, BPIFRANCE et GARIBALDI
Financière de Courcelles advised the shareholders of Tecofi Group on the reorganization of its share capital, supported by Africinvest, Bpifrance, and Garibaldi Participations.
Lyon (France), December 11, 2025
Tecofi Group continues its development with the entry into its share capital of the Franco-African Fund 2, managed by AfricInvest Europe, joining two longstanding financial shareholders, Bpifrance and Garibaldi Participations. The management team led by Fabien Fayard, supported by David Oundjian and Christelle Million, under the leadership of Chairman Jean-Paul Colombel and Group co-founder Jean-Claude Renard—used this transaction as an opportunity to increase its stake in the company.
Founded in 1985, Tecofi specializes in the design and manufacturing of industrial valves primarily butterfly and knife-gate valves along with taps and check valves for a range of high-growth sectors (water, energy, HVAC, paper, agri-food, chemicals, etc.).
The Group employs around 240 people across five subsidiaries covering Europe, Africa, the Middle East, and Asia, and relies on a network of local partners enabling it to distribute its products in more than 110 countries.
Tecofi operates in the most resilient segments of industrial valves and serves a broad range of end markets, all experiencing growth. This is reflected in the Group’s strong financial performance, with revenue having grown at an average annual rate of 8% in recent years to reach approximately €60 million.
Tecofi is also strengthening its CSR policy by optimizing its industrial processes to reduce its carbon footprint, while consolidating its production base in France. The Group increasingly favors localized production either reshored or positioned closer to customers to simultaneously improve lead times and environmental impact. In 2025, Tecofi became the first mission-driven company in the valve industry.
With the support of its investment partners, the Tecofi leadership team—led by Jean-Paul Colombel (Chairman) and Fabien Fayard (CEO) aims, with this new round of financing, to accelerate the Group’s development. This strategy combines organic growth and external growth initiatives to enter potential new markets (nuclear, hydrogen), diversify its products and customer base, and further strengthen its positioning. To achieve this, Tecofi will rely on its end-to-end expertise—from product design to manufacturing its international footprint, strong brand recognition, experienced and dynamic management team, solid financial management, and clear strategic vision.
The company will also fully benefit from the expertise of its financial partners, particularly AfricInvest Europe, to consolidate and expand its presence on the African continent, where it already operates through a subsidiary in Egypt.
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