Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

1

Name of Reporting Person
Bpifrance Participations S.A.

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
France

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
Not applicable.

6

Shared Voting Power
1,291,067

7

Sole Dispositive Power
Not applicable.

8

Shared Dispositive Power
1,291,067

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,291,067

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row (9)
5.2%

12

Type of Reporting Person (See Instructions)
OO

1

Name of Reporting Person
Innobio FPCI

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
France

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
Not applicable.

6

Shared Voting Power
452,266

7

Sole Dispositive Power
Not applicable.

8

Shared Dispositive Power
452,266

9

Aggregate Amount Beneficially Owned by Each Reporting Person
452,266

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row (9)
1.8%

12

Type of Reporting Person (See Instructions)
OO

1

Name of Reporting Person
Bpifrance Investissement S.A.S.

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
France

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
Not applicable.

6

Shared Voting Power
452,266

7

Sole Dispositive Power
Not applicable.

8

Shared Dispositive Power
452,266

9

Aggregate Amount Beneficially Owned by Each Reporting Person
452,266

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row (9)
1.8%

12

Type of Reporting Person (See Instructions)
OO

1

Name of Reporting Person
Caisse des Dépôts et Consignations

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
France

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
Not applicable.

6

Shared Voting Power
1,743,333

7

Sole Dispositive Power
Not applicable.

8

Shared Dispositive Power
1,743,333

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,743,333

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row (9)
7.1%

12

Type of Reporting Person (See Instructions)
OO

1

Name of Reporting Person
EPIC Bpifrance

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
France

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
Not applicable.

6

Shared Voting Power
1,743,333

7

Sole Dispositive Power
Not applicable.

8

Shared Dispositive Power
1,743,333

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,743,333

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row (9)
7.1%

12

Type of Reporting Person (See Instructions)
OO

1

Name of Reporting Person
Bpifrance S.A.

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
France

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
Not applicable.

6

Shared Voting Power
1,743,333

7

Sole Dispositive Power
Not applicable.

8

Shared Dispositive Power
1,743,333

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,743,333

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row (9)
7.1%

12

Type of Reporting Person (See Instructions)
OO

Item 1 (a)

Name of Issuer
DBV Technologies S.A.

Item 1 (b)

Address of Issuers Principal Executive Offices:
177-181 avenue Pierre Brossolette

92120 Montrouge

FRANCE

Item 2 (a)

Name of Person Filing:
(i) Bpifrance Participations S.A.

(ii) Innobio FPCI (Innobio)

(iii) Bpifrance Investissement S.A.S.

(iv) Caisse des Dépôts et Consignations (CDC)

(v) EPIC Bpifrance (EPIC)

(vi) Bpifrance S.A.

Item 2 (b)

Address of Principal Business Office:

(i) 27-31, avenue du Général Leclerc

94710 Maisons-Alfort Cedex

France

(ii) 27-31, avenue du Général Leclerc

94710 Maisons-Alfort Cedex

France

(iii) 27-31, avenue du Général Leclerc

94710 Maisons-Alfort Cedex

France

(iv) 56, rue de Lille

75007 Paris

France

(v) 27-31, avenue du Général Leclerc

94710 Maisons-Alfort Cedex

France

(vi) 27-31, avenue du Général Leclerc

94710 Maisons-Alfort Cedex

France

Item 2 (c)

Citizenship:
France

Item 2 (d)

Title of Class of Securities:
Ordinary Shares, nominal value 0.10 per share (Ordinary Shares)

Item 2 (e)

CUSIP Number:
23306J101 (American Depositary Shares, each representing one-half of one Ordinary Share)

Item 3

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4

Ownership:

Please see Items 5, 6, 7, 8, 9 and 11 of each cover sheet for each filing entity.

Bpifrance Participations S.A. is a French public investment fund specializing in the business of equity financing via direct investment or fund of funds. Bpifrance Participations S.A. is a wholly-owned subsidiary of Bpifrance S.A., a French financial institution especially created for this purpose. CDC, a French special public entity (établissement special) and EPIC, a French public institution of industrial and commercial nature, each hold 50% of the share capital of Bpifrance S.A. and jointly control Bpifrance S.A. CDC is principally engaged in the business of long-term investments. EPIC is principally engaged in the business of banking finance. Innobio is a fund managed by Bpifrance Investissement S.A.S. (which is the management company (société de gestion) of Bpifrance), and Bpifrance Investissement S.A.S. is a wholly-owned, indirect subsidiary of Bpifrance Participations S.A. InnoBio is a venture capital fund.  The main aim of the fund is to make equity investments in innovative companies providing technology, products and services for health care.  

As of December 31, 2016, Bpifrance Participations S.A. held directly 1,291,067 Ordinary Shares, and Innobio held directly 452,266 Ordinary Shares. Neither Bpifrance S.A., CDC, EPIC nor Bpifrance Investissement S.A.S. held any Ordinary Shares directly. Bpifrance Investissement S.A.S. may be deemed to be the beneficial owner of the 452,266 Ordinary Shares held by Innobio, through its management of Innobio. Bpifrance S.A. may be deemed to be the beneficial owner of 1,743,333 Ordinary Shares, indirectly through its sole ownership of Bpifrance Participations S.A., which is the indirect parent company of Bpifrance Investissement S.A.S. CDC and EPIC may be deemed to be the beneficial owners of 1,743,333 ordinary shares, indirectly through their joint ownership and control of Bpifrance S.A.

As of December 31, 2015, Bpifrance Participations S.A. held directly 1,291,067 Ordinary Shares, and Innobio held directly 921,192 Ordinary Shares. Neither Bpifrance S.A., CDC, EPIC nor Bpifrance Investissement S.A.S. held any Ordinary Shares directly. Bpifrance Investissement S.A.S. may be deemed to be the beneficial owner of the 921,192 Ordinary Shares held by Innobio, through of its management of Innobio. Bpifrance S.A. may be deemed to be the beneficial owner of 2,212,259 Ordinary Shares, indirectly through its sole ownership of Bpifrance Participations S.A., which is the indirect parent company of Bpifrance Investissement S.A.S. CDC and EPIC may be deemed to be the beneficial owners of 2,212,259 Ordinary Shares, indirectly through their joint ownership and control of Bpifrance S.A.

As of December 31, 2014, Bpifrance Participations S.A. held directly 1,394,994 Ordinary Shares, and Innobio held directly 1,121,192 Ordinary Shares. Neither Bpifrance S.A., CDC, EPIC nor Bpifrance Investissement S.A.S. held any Ordinary Shares directly. Bpifrance Investissement S.A.S. may be deemed to be the beneficial owner of the 1,121,192 Ordinary Shares held by Innobio, through its management of Innobio. Bpifrance S.A. may be deemed to be the beneficial owner of 2,516,186 Ordinary Shares, indirectly through its sole ownership of Bpifrance Participations S.A., which is the indirect parent company of Bpifrance Investissement S.A.S. CDC and EPIC may be deemed to be the beneficial owners of 2,516,186 Ordinary Shares, indirectly through their joint ownership and control of Bpifrance S.A.

Item 5

Ownership of 5 Percent or Less of a Class:

Not applicable.

Item 6

Ownership of More than 5 Percent on Behalf of Another Person:

Not applicable.

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

Not applicable.

Item 8

Identification and Classification of Members of the Group:

Not applicable.

Item 9

Notice of Dissolution of Group:

Not applicable.

Item 10

Certifications:

Not applicable.

Dated: February 14, 2017

Bpifrance Participations S.A.

By:

/s/ Nicolas Dufourcq

Name:

Nicolas Dufourcq

Title:

CEO

Dated: February 14, 2017

Innobio FPCI

By:

/s/ Nicolas Dufourcq

Name:

Nicolas Dufourcq

Title:

CEO of Innobios management company (Bpifrance Investissement)

Dated: February 14, 2017

Bpifrance Investissement S.A.S.

By:

/s/ Nicolas Dufourcq

Name:

Nicolas Dufourcq

Title:

CEO

Dated: February 14, 2017

Caisse des Dépôts et Consignations

By:

/s/ Joel Prohin*

Name:

Joel Prohin

Title:

Director of asset management

Dated: February 14, 2017

EPIC Bpifrance

By:

/s/ Sophie Paquin**

Name:

Sophie Paquin

Title:

Director of Legal Affairs

Dated: February 14, 2017

Bpifrance S.A.

By:

/s/ Nicolas Dufourcq

Name:

Nicolas Dufourcq

Title:

CEO