Carvest and CERAE have invested in Patriarca Développement, enabling the management team to retain majority ownership while fostering growth in corporate real estate services.

Target Information

On June 5, 2025, Carvest, in its role as the leading investor, and CERAE – Caisse d’Epargne Rhône Alpes Entreprises (managed by Rhône-Alpes PME) have acquired a stake in Patriarca Développement, a key player in the corporate real estate services sector in France. This operation allows the management team to retain the majority stake while welcoming new executives as shareholders. Notably, previous partners Aquasourça and Bpifrance, who supported the management during its last two operations, are reinvesting in this initiative.

Founded in 1933 by the Patriarca family and based in the Lyon region, the Groupe Patriarca has become a prominent national entity within the corporate real estate market. The group specializes in developing, managing, and enhancing the real estate portfolios of its clients across six complementary areas: real estate advisory, turnkey construction projects, multi-trade renovation works, workplace environment design, maintenance and facility management, and performance energy and environmental optimization consulting.

Industry Overview in France

The corporate real estate sector in France has shown significant resilience and adaptability, particularly in response to evolving client needs and environmental regulations. With a growing emphasis on sustainability and energy efficiency, companies in this industry are increasingl