France Épargne Corporate
Unitranche financing
France Épargne Corporate connects companies seeking to finance €20m or more with the private debt funds whose ticket size, instruments and sectors match their case. Unitranche accounted for 56% of the amounts invested by private debt funds in corporate debt in France in 2025.
Unitranche in France in 2025
- €8.4bn
- invested in unitranche by private debt funds in France in 2025 (106 transactions)
- 56%
- of corporate private debt amounts in 2025 (49% on average from 2020 to 2024)
- +22%
- increase in the amounts invested in unitranche in 2025 compared with 2024
Uses
Uses of unitranche
Recapitalisation
New debt that funds a distribution to shareholders or the buyout of a minority shareholder.
Market
Unitranche within corporate private debt
| Debt type | Transactions 2025 | Amounts 2025 | Share of 2025 amounts | Amounts 2024 |
|---|---|---|---|---|
| Unitranche | 106 | €8,362m | 56% | €6,836m |
| Senior debt | 190 | €5,149m | 35% | €3,623m |
| Mezzanine and subordinated debt | 68 | €1,338m | 9% | €1,169m |
A transaction counts in several rows when it combines several types of debt.
| Transaction type | Transactions 2025 | Amounts 2025 | Share of 2025 amounts | Amounts 2024 |
|---|---|---|---|---|
| Refinancing | 94 | €6,275m | 42% | €2,641m |
| Buyouts | 123 | €5,138m | 34% | €5,314m |
| External growth | 70 | €2,658m | 18% | €3,131m |
| Organic growth | 28 | €686m | 5% | €500m |
| Asset finance | 27 | €94m | 1% | €42m |
| Total | 342 | €14,849m | 100% | €11,628m |
Scope: corporate debt excluding infrastructure, activity in France of French and foreign funds.
Questions
Frequently asked questions
- How much did private debt funds invest in unitranche in France in 2025?
- Private debt funds invested €8,362m in unitranche across 106 transactions in France in 2025. The 2024 total was €6,836m across 95 transactions.
- What share of corporate private debt does unitranche represent?
- Unitranche accounted for 56% of the amounts invested in corporate debt in France in 2025. Its average share between 2020 and 2024 was 49%.
- From what amount can a company request an introduction?
- France Épargne Corporate introduces to private debt funds the companies whose financing need reaches €20m or more.
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