Peugeot Invest
| Company type | Public (S.A.) |
|---|---|
| Industry | Holding company, Investment |
| Predecessor | Société Foncière Financière et de Participations (FFP) |
| Founded | 1929 |
| Founder | Peugeot family |
| Headquarters | France , France |
Area served | Worldwide |
Key people | Robert Peugeot (Chairman), Bertrand Finet (former Managing Director) |
| Products | Minority shareholdings, private equity, co-investments, real estate assets |
| Owner | Établissements Peugeot Frères (80%) |
Peugeot Invest S.A. functions as the publicly traded holding company representing the Peugeot family's interests. Incorporated in France and listed on Euronext Paris, it is predominantly controlled by the privately owned Établissements Peugeot Frères S.A., which embodies the Peugeot family’s holdings. Originating in 1929 under the name Société Foncière Financière et de Participations (later known as FFP), this entity operates as the family's investment arm.
Origins and Expansion
The Peugeot family founded the company in 1929, building upon the heritage established by the Peugeot brothers, who launched the Peugeot car brand in 1810. The family continues as a longstanding shareholder in Stellantis (previously PSA Group). Drawing from its industrial background, Peugeot Invest diversified its investments over time, encompassing minority direct holdings, private equity, co-investments, and real estate assets.
In 1966, a restructuring of family assets positioned FFP as the principal shareholder of Peugeot SA. The firm went public on the Nancy Stock Exchange in 1989, initially concentrating mainly on its PSA Peugeot Citroën shares. By the early 2000s, non-automotive investments represented a modest €200 million.
Leadership passed to Robert Peugeot (born 1950), a great-grandson of PSA’s founder, in 2002. He spearheaded a diversification approach that broadened Peugeot Invest’s portfolio to include long-term minority stakes in firms such as SEB, Taittinger, Lisi, Zodiac Aerospace, and Sanef.
Transition to Peugeot Invest
Bertrand Finet was named managing director of Peugeot Invest in May 2020, maintaining the diversification momentum initiated by Robert Peugeot. In March 2023, FFP announced changes in executive management coinciding with Finet’s departure. In September 2020, FFP and Établissements Peugeot Frères consolidated their shares in PSA Group into their joint subsidiary "Maillot I," which was renamed "Peugeot 1810" in February 2021—owned 76.5% by FFP and 23.5% by Établissements Peugeot Frères. This entity holds a 7.2% stake in Stellantis, formed through the January 2021 merger of PSA and Fiat Chrysler Automobiles.
On 22 February 2021, FFP adopted the new name "Peugeot Invest." As of 31 December 2021, approximately 80% of Peugeot Invest’s capital was controlled by the Peugeot family via Établissements Peugeot Frères, with the remaining shares publicly traded. The net asset value was reported at €5.9 billion. The company is listed on Euronext Paris’ Compartment A and retains its majority family ownership.
In 2023, Peugeot Invest acquired a stake in Anglo-French investment bank Rothschild & Co and subsequently sold its holding in Groupe SEB the following year.
Portfolio
Peugeot Invest focuses mainly on minority shareholdings where it provides support for sustainable growth.
Publicly Traded Holdings
- Stellantis: 7.4% (11.5% voting rights)
- Forvia: 3.1%
- LISI: 10.3%
- Immobilière Dassault: 19.8%
- SPIE: 5.1%
- Ciel: 6.8%
- Robertet Group: 7.1%
Private Enterprises
- International SOS: 14.6%
- Rothschild & Co: 5.1%
- Acteon
- Signa
- Château Guiraud
Stellantis
Peugeot Invest and Établissements Peugeot Frères jointly maintain a 7.2% ownership in Stellantis through the entity "Peugeot 1810" (previously known as "Maillot I").
Prior to the merger between PSA and Fiat Chrysler, the principal holding consisted of a 9% share in PSA, representing 28% of total assets as of mid-2020, with the family controlling nearly 13% through various means. The remaining 72% of the portfolio reflects a diversification approach initiated in 2003, designed to minimize asset correlation by spreading investments across different industries and regions.
Forvia
After the consolidation of PSA with Fiat Chrysler Automobiles, Stellantis' ownership in Faurecia (now rebranded as Forvia) reduced from 46.3% to 39%, which was subsequently distributed among its shareholders in early 2021. As of March 27, 2021, Peugeot 1810 retained a 3.14% equity stake.
Additional Investments
Robert Peugeot, Chairman of Peugeot Invest, highlights a focus on investing in firms where their expertise in family business governance can be effectively applied. Major holdings include:
- Publicly traded French companies: Safran, Orpea (5.05%), Lisi, Tikehau Capital (2%), SPIE S.A. (5.46%), and Groupe SEB (5.01%)
- Private equity vehicles
- Long-term partnerships with entities such as JAB Holding Company and Lineage Logistics
By the close of 2021, these investments were valued at around €5.9 billion.
Peugeot Invest Assets
Peugeot Invest Assets (formerly FFP Invest), a subsidiary under Peugeot Invest, has held a 19.8% interest in Immobilière Dassault since 2016 (as reported on December 31, 2019).
Ownership of Peugeot Invest is divided with Établissements Peugeot Frères, an unlisted holding company representing the Peugeot family heirs, controlling 80%, while the remaining 20% is publicly traded. The board includes members from Établissements Peugeot Frères alongside independent directors.