Serge Mesguich

Avenir Tourisme SA (AT) is a sector-focused subsidiary of Avenir Entreprises Gestion, a French private equity firm. Both firms operate as affiliates of OSEO, an agency controlled by the Government of France. CDC Entreprises, the private equity arm of CDC-Caisse des Dépôts et Consignations which is also government-controlled, is a significant shareholder. Established in 1986, AT is located in Paris. The firm specializes in private equity investing in tourism-related sectors. They manage the SCR Avenir Tourisme, a private equity investment partnership sponsored primarily by OSEO. The firm frequently cooperates with regional banks and regional private equity firms.

BPIFrance Investissement Régions SAS (BPIfrance Investissement) is the private equity subsidiary of BPIFrance Investissement SAS itself a subsidiary of State-owned Banque Publique d’Investissement in France. Formerly known as FSI Régions SAS, the firm was established as Avenir Entreprises SA in 1984. They became FSI Régions SAS in 2011 and in 2013 CDC Entreprises, FSI and FSI Régions merged to form BPIfrance Investissement. BPIfrance Investissement has a network of regional offices throughout France and manages several mutual funds which provide capital to small- and medium-sized French companies with high potential.