Patriarca Développement has completed a Management Buyout to enhance capital structure and accelerate growth, backed by investments from Carvest and CERAE.

Target Information

Patriarca Développement, founded in 1933 by the Patriarca family and headquartered in the Lyon region, is a prominent national player in the commercial real estate sector. The company specializes in developing, managing, and enhancing real estate assets for its clients across six complementary areas of expertise:

• Real estate consulting, including land prospecting, development, relocation, and promotion;
• Turnkey construction of buildings, encompassing project management and financial backing;
• Execution of comprehensive renovation, rehabilitation, and compliance works;
• Workplace environment design from conception to turnkey implementation;
• Preventive and corrective maintenance along with facilities management;
• Advice and implementation of energy performance and environmental optimization solutions for buildings.

Under the leadership of Olivier Faura and Benoît Poinas, Patriarca Développement aims for a consolidated revenue of approximately €75 million for 2025 and employs around 120 staff across its offices located in Lyon, Paris, Lille, Rennes, Bordeaux, and Aix-en-Provence. The company primarily serves multi-site organizations requiring support throughout the lifecycle of their real estate assets, from establishment to operation, and architectural and environmental enhancement.

Industry Overview

The commercial real estate sector in France has witnessed significant transformations in recent years, driven by shifting workforce patterns, sustainability initiatives, and technological advancements. As businesses adapt to new