— identity

FFP is an investment company relying upon its industrial history, experienced professionals and solid governance to support its shareholdings.

 

Created in 1929, FFP became the PSA Group's reference shareholder in 1966 and has pursued a policy of sector and geographical diversification since 2002. 

As a committed shareholder, FFP encourages its direct and indirect investments to progress in the areas of governance, social and environmental protection.

history

 

A 200-year industrial history

FFP is one of the main shareholders of the PSA Group. Drawing on its industrial experience, it has developed an investment activity in diversified assets, mainly composed of direct minority stakes, private equity vehicles, co-investments and real estate.

 
 
 
 
 
 
 

1810

The Peugeot brothers create their first industrial mechanical activity in the... read more

The Peugeot brothers create their first industrial mechanical activity in the county of Doubs. Show less

1890

1890 First Peugeot petrol car.

1929

Creation of the Foncière, Financière et de Participations - FFP company.

1966

Reorganisation of the family group companies, FFP becomes the main shareholde... read more

Reorganisation of the family group companies, FFP becomes the main shareholder of Peugeot SA. Show less

1989

FFP lists on the Nancy Stock Exchange.

1996

FFP becomes a shareholder of Compagnie Industrielle de Delle, the leading sha... read more

FFP becomes a shareholder of Compagnie Industrielle de Delle, the leading shareholder of LISI. Show less

1997

Investment in the Société du Louvre - Louvre group.

2002

FFP acquires a stake in groupe Taittinger and buys 5% of the capital of LISI.

2004

FFP invests in SEB, Linedata Services and in the Spanish company Fomento de C... read more

FFP invests in SEB, Linedata Services and in the Spanish company Fomento de Construcciones y Contratas SA. Show less

2005

Alongside the founding family shareholders and CNP, FFP sells its interests i... read more

Alongside the founding family shareholders and CNP, FFP sells its interests in the Société du Louvre and the Taittinger group. Show less

2006

FFP participates in the consortium to acquire the motorway network Sanef, bri... read more

FFP participates in the consortium to acquire the motorway network Sanef, brings its Charenton building to Immobilière Dassault, acquires Château Guiraud and becomes a shareholder of IDI and Zodiac Aerospace. Show less

2007

FFP acquires a stake in the group's holding company ONET and strengthens its ... read more

FFP acquires a stake in the group's holding company ONET and strengthens its position in Zodiac Aerospace and in IDI. Show less

2008

FFP enters the capital of DKSH. With other partners, FFP creates IDI Emerging... read more

FFP enters the capital of DKSH. With other partners, FFP creates IDI Emerging Markets. Show less

2009

FFP, as the 1st shareholder of Peugeot SA, supports its refinancing.

2010

FFP sells its indirect stake in FCC and adjusts its positions in Zodiac Aeros... read more

FFP sells its indirect stake in FCC and adjusts its positions in Zodiac Aerospace, SEB and in OCEANE PSA. Show less

2011

FFP takes a stake in the capital of ORPEA and acquires a stake in LT Particip... read more

FFP takes a stake in the capital of ORPEA and acquires a stake in LT Participations, the reference shareholder of Ipsos. FFP arbitrates its OCEANE PSA for Peugeot SA shares . Show less

2012

FFP supports Peugeot SA and subscribes to its capital increase. FFP sells 35%... read more

FFP supports Peugeot SA and subscribes to its capital increase. FFP sells 35% of its stake in DKSH and most of its shares Linedata Services. Show less

2013

FFP sells 0.8% of the share capital of DKSH and the remainder of its Linedata... read more

FFP sells 0.8% of the share capital of DKSH and the remainder of its Linedata shares . FFP joins forces with Louis Dreyfus Armateurs for the operation of bulk carriers (LDAP). Show less

2014

FFP signs an agreement governing the acquisition of a stake in the Peugeot SA... read more

FFP signs an agreement governing the acquisition of a stake in the Peugeot SA group by Dongfeng Motor and the French State and subscribes to the capital increase. FFP invests in CIEL and IHS. FFP sells part of its shares Zodiac Aerospace. Show less

2015

FFP acquires an additional 1.2% of the capital of Zodiac Aerospace and enters... read more

FFP acquires an additional 1.2% of the capital of Zodiac Aerospace and enters into Eren. FFP organizes its partial exit from the capital of ONET and monetizes the share warrants Peugeot SA. Show less

2016

FFP invests in Tikehau Capital and Tikehau Capital Advisors. FFP invests in r... read more

FFP invests in Tikehau Capital and Tikehau Capital Advisors. FFP invests in real estate projects in the United States and Paris, and co-invests in Roompot. FFP committs to investing alongside JAB Holding. Show less

2017

FFP invests in SPIE and sells its shareholdings in Sanef, ONET and Ipsos. FFP... read more

FFP invests in SPIE and sells its shareholdings in Sanef, ONET and Ipsos. FFP is making 5 co-investments (JAB, Lineage, AmaWaterways, Ciprès, Capsa). FFP supports the acquisition of Opel/Vauxhall by the Groupe PSA. Show less

2018

FFP tendered its shares Zodiac Aerospace to Safran and sold 0.85% of the capi... read more

FFP tendered its shares Zodiac Aerospace to Safran and sold 0.85% of the capital of ORPEA. FFP is making new co-investments alongside JAB Holding and ArchiMed, and in Big Bottling Company and Asmodee. Show less

2019

FFP supports the proposed merger between PSA Group and FCA. FFP sells its sta... read more

FFP supports the proposed merger between PSA Group and FCA. FFP sells its stake in DKSH and invests in SIGNA Prime Selection, doubling its exposure to real-estate. FFP invests in Acteon and further commits alongside JAB Holding. Show less

strategy

 

Philosophy & investment strategy

Our investment philosophy

FFP-Strategie Created with Sketch.

A reference shareholder of the PSA Group, our historical asset.

 

As a majority shareholder of FFP, the Peugeot family is at the origin of the PSA Group and has always been an active supporter. In particular, the company participated in the 2012 and 2014 capital increases.
FFP participates in PSA's governance through representation on governance bodies.

Groupe PSA

9.3

 % of capital

since 1890

A long-term and active minority investor.

 

For FFP, being a long-term investor means actively and constantly supporting companies in their growth.

  • A specific DNA from its entrepreneurial and family history

  • An active minority investor, who supports the management teams and participates in the various decision-making bodies, ensuring that best governance practices are applied

  • A committed partner, who implements a coherent strategy over time

  • A long-term shareholder, who invests in equity without any restriction on the rotation of invested capital

 

Shareholdings

50m to 200m equity investments
Minimum 5% of the capital


FFP invests in companies that are leaders in their sector and offer significant growth potential. Mainly located in Europe, they have a strong exposure or an international growth strategy. FFP is looking for companies whose activities and economic cycles are uncorrelated to each other. Particular attention is paid to management teams, balanced governance mechanisms and ESG/RSE commitments made by the company.

see our shareholdings

Our other investments.

 

Co-investments

Equity investments from €10m
FFP invests alongside private equity funds or other partners through syndications

see our co-investments

Private equity vehicles

Commitments between €10m and €25m
FFP has a portfolio of private equity funds, spread across the United States, Europe and emerging countries, mainly in the Leverage Buy Out, Development Capital and Growth Technology sectors.

see our committments

Real estate


FFP owns real estate assets, invested on a case-by-case basis either directly, via real estate funds or as part of co-investments, and offering high return potential.

see real estate

teams

 

FFP management & teams

In the past 15 years, FFP has grown to form a team of experienced professionals in France and the UK.

The team members have diverse and complementary profiles. This variety of profiles enables FFP to capitalise on all their experience and expertise across asset classes and to source investment opportunities.

The agility and responsiveness of its teams, combined with a common vision and shared values, make FFP a recognised partner in the investment world.

governance

 

Board of Directors and Committees

The Board of Directors determines the orientations of the company's activity and ensures their implementation.

Articles of Association  

Internal rules  

The rules relating to the work of the Board of Directors are laid down by law, the Articles of Association and the Internal Regulations of FFP and the Code of Ethics for the Stock Exchange. FFP applies the AFEP-MEDEF code.

The Board has three permanent committees: the Governance, Nominations and Remuneration Committee, the Investments and Participations Committee and the Finance and Audit Committee.

The Board is made of 13 directors including 8 directors representing the family group, 1 director having no link with the family holding, and 4 independent directors. 46% of the Board of Directors are women.

FFP is a member of Afep, French association of private enterprises, and France Invest, French association of investors for growth. Its Chairman, Robert Peugeot, is a member of the Haut Comité de Gouvernement d'Entreprise (French committee working to ensure compliance with the French Afep-Medef rules and best governance practices)

CSR

 

Corporate Social Responsability

A responsible investor.

 

FFP is convinced that taking into account environmental, social and governance factors is a source of opportunities, a vector for the efficiency and performance of its portfolio. As a committed shareholder, FFP encourages its direct and indirect shareholdings to progress in the areas of governance, social/societal and environmental issues.

The Responsible Investment Charter

In order to formalize the principles set out above, FFP relies on a Responsible Investor Charter. This charter embodies the company's values and constitutes the reference framework for the daily practices and actions of all employees and managers.

Read the Charter

The ESG steering committee

FFP has set up its own ESG operational steering committee. This committee brings together representatives of all the company's functions. It coordinates FFP's ESG approach, integrates environmental, social and governance criteria into its business and professions, and disseminates and shares best practices internally.

Our ESG roadmap

FFP's ESG roadmap was formalised in early 2020 and was published in FFP's Universal Registration Document 2019, of which you will find an extract below.

Read 2018 results

Supporting long-term investments.

FFP's long-term commitment makes it a specific investor. Each investment decision is made with a long-term approach, without any restriction on the rotation of the funds invested, with an average holding period of more than 10 years for the companies in the portfolio. Dialogue with management teams, support for new acquisitions and industrial investments and innovation are part of FFP's long-term commitments with the objective of revealing the value creation potential of each investment.

Integrate ESG into the investment life cycle.

For each investment project, the relevant ESG factors are analysed by the teams. This data is used in the same way as financial information to inform investment decisions and reduce non-financial risks.

Impact investing.

As a responsible investor, FFP has been invested since 2015 in several impact funds, which combine a positive impact on society and the environment with sustainable financial performance. FFP has thus established solid long-term partnerships with 3 management teams: Alter Equity, Amboise Partners and Impact Partenaires.