Net Asset Value
(of controlled companies)
Enterprise Value
(of controlled companies)
Portfolio Companies' Revenue
IRR & Multiple on realised investments
About us: Founded by Thierry Gisserot & Xavier Thoumieux in 2006, Ophiliam & Cie is the brainchild of a partnership and investment strategy that has been in place for nearly 30 years, offering a unique combination of expertise in private equity and entrepreneurship.
Between 1998 & 2010, Thierry Gisserot & Xavier Thoumieux built a solid investment track record via major funds such as CDC Equity Capital, Charterhouse & IDI (which they managed as Founder Partners) covering all ranges of transactions (small, mid & large caps as equity investors as well as mezzanine and debt strategies). During this period, Thierry Gisserot & Xavier Thoumieux were lead investors in some of the most significant LBO's (notably TDF, Nexity, Fives, Cegelec & Epolia) closing more than 30 deals as private equity investors supporting management teams.
Subsequently, Thierry Gisserot & Xavier Thoumieux became entrepreneurs by founding and developing Funecap from scratch in 2010 to reach €800m in revenue in 2025, demonstrating their prowess to rapidly grow high-potential companies. With more than 400 acquisitions since its inception along with strong organic growth, Funecap is now the leading European group in funeral infrastructure and services, with Ophiliam & Cie driving its development.
This entrepreneurial and managerial mindset, forged by more than 15 years at the helm of Funecap as founders and managers, gives them the ability to take on the operational management of any portfolio company, coupled with solid experience in creating and structuring robust internal processes (finance and reporting, M&A, tenders, etc.).
In addition, Thierry Gisserot & Xavier Thoumieux have extensive experience working with local authorities, including a deep understanding of public procurement procedures and administrative dynamics, developed through investment in Epolia and TDF and soon after through the expansion of Funecap's crematorium portfolio, notably through concession contracts ("Délégations de Service Public" or public service delegations), which has grown from 0 to 150 across Europe over the last 10 years.
Over the past 30 years Thierry Gisserot & Xavier Thoumieux have managed four funds totaling €5 billion under management, delivering an IRR of over 25%. In addition, they have invested together, directly or through Ophiliam & Cie, more than €1.35 billion in equity, generating a multiple of 3.4x (3.9x on investments made).
Today, Ophiliam & Cie's mission is to support a limited number of market leaders offering an excellent risk/return ratio. Thus, Ophiliam & Cie currently invests across four asset classes:
Ophiliam & Cie is the active parent holding company ("holding animatrice") of Funecap which was founded in 2010 to operate local public services and infrastructures in the funeral sector. Ophiliam & Cie controls and manages Funecap, which is now the leading European group in funeral services and infrastructures.
Volta (Photovoltaic) , Epolia (Car park manager) , TDF (Tower company)
Cegelec (Electrical engineering) , Eurofarad (Electronic components) , Fives (Industrial process engineering) , Ipsen (Pharmaceutical) , MCI (Air conditioning)
Batisanté (Real Estate diagnostics) , Nexity (Real Estate development)
Ophiliam & Cie is controlled and managed by its associates who jointly decide on the group's strategy and investment policy (acquisitions, refinancing, disposals, etc.).
Founder & Co-CEO
Xavier THOUMIEUX began his career in 1992 as a banker specializing in acquisition financing and structured finance at Crédit Agricole, then CAI and HSBC. In 1998, he joined CDC Equity Capital, a management company specializing in LBO fund management, and became a member of the Management Board in 2000. In 2004, he became a founding partner and director of Charterhouse Capital Limited, a British LBO fund management company with 9 billion euros in assets under management. In 2006, he co-founded Ophiliam Capital (now Ophiliam & Cie) with Thierry GISSEROT, which invested in IDI, a company listed on Compartment C of Euronext Paris SA. Since 2008, he has been Co-Chairman and CEO of Ophiliam & Cie and its subsidiaries. Throughout his investment career, Xavier THOUMIEUX has notably served as a director of MCI, Nexity, Eurofarad, Alti, AOS, and Chairman of the Supervisory Board of Epolis, then Epolia and Mikit. He is Executive Co-Chairman of Funecap.
Founder & Co-CEO
Thierry GISSEROT began his career at the Ministry of Finance as a civil administrator in the Tax Legislation Directorate. In 1998, he joined CDC Equity Capital, a management company specializing in LBO fund management, and became a member of the Management Board in 2000, then Chairman of the Management Board in 2004. That same year, he became a founding partner and director of Charterhouse Capital Limited, a British LBO fund management company with 9 billion euros in assets under management. In 2006, he co-founded Ophiliam Capital (now Ophiliam & Cie) with Xavier THOUMIEUX, which invested in IDI, a company listed on Compartment C of Euronext Paris SA. Since 2008, he has been Co-Chairman and CEO of Ophiliam & Cie and its subsidiaries. Throughout his investment career, Thierry GISSEROT has notably served as a director of MCI, TDF, and Batisanté, and Chairman of the Supervisory Board of Cegelec. He is Executive Co-Chairman of Funecap.
Partner
Olivier SERIN began his career in 1999 as a Transaction Services auditor at Arthur Andersen, before joining Polyconcept (international LBO group) in 2003 where he served as Head of M&A - Development in a build-up context in the United States, Europe and Asia, doubling the group's size from 350 to 700M€ in revenue. In 2008, he joined the Executive Committee to take charge of Financial Control, supervising a team of one hundred people across 15 countries. Olivier joined Ophiliam & Cie in early 2011 to participate in the creation of Funecap, where he serves as Group Managing Director.
Partner
Maxime DEFLOU began his career in 2014 at Rocket Internet/Lazada in Vietnam, where he contributed to accelerating the development of consumer goods categories. He then spent 2.5 years at McKinsey & Company's Paris office (5-year strategic plans, investment opportunity studies, cost reduction, pricing and promotional policy, etc.). In 2018, he joined Ophiliam & Cie as Director to support the Group's Presidency in (i) studying new investment opportunities, (ii) defining the strategic vision of the portfolio's various assets, and (iii) monitoring various structural issues for the Group. At Funecap, Maxime serves as Managing Director for the Infra division.
Funecap successfully closes a €2bn refinancing and growth financing with ICG, the largest French direct lending transaction in 2025, reaffirming the Group's strong growth momentum across its 15 countries of operation.
Ophiliam & Cie invests in Upgrade, a fintech company offering affordable and responsible credit solutions to American consumers.
Ophiliam & Cie strengthens its position in the pet aftercare sector with the acquisition of The Pet Crematoria Family, a leading UK-based network of pet cremation facilities.
Ophiliam & Cie participates in the growth of Cresta, an AI-powered platform transforming contact center operations with real-time coaching and automation.
Ophiliam & Cie
17 rue de l'Arrivee
75015 Paris, France
