iXO Private Equity
iXO Private Equity is one of the largest independent French private equity firms specializing in small and mid-cap investments. Founded in 2003 and based in Toulouse, Bordeaux, Marseille, and Lyon, it manages around 1 billion euros in assets and has completed over 300 operations, focusing on equity investments in SMEs and mid-sized companies in the Greater South of France and Auvergne-Rhône-Alpes regions.
iXO Private Equity is a Toulouse venture capital firm with €1.0B AUM, 54 active companies and 24 exits.
- ·20 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 17 realized deals: 6 years.
- ·Fund cadence: ~1Y between vintages · last raise 2025.
Sector breakdown
78 companiesKey facts
Recent exits
iXO Private Equity sold 365talents to Docebo in 2026 after 5 years.
iXO Private Equity sold Recaero to Grand Sud-Ouest Capital (with Sofilaro, Idia Capital Investissement, BNP Paribas Developpement, Multicroissance) in 2026 after less than a year.
iXO Private Equity sold Finmed to Asker Healthcare in 2025 after 3 years.
iXO Private Equity sold Magellium Groupe to Weinberg Capital Partners in 2025 after 5 years.
Coverage notes
17 funds tracked, 78 portfolio companies (54 active · 24 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund iXO Private Equity has raised, with its portfolio companies. Hand-checked from public filings.
IXO 5investingGrowth2025€220M5 assetsGrowth2025 · 1yr€220M5–
Unrealized
5 held| Company | Entry |
|---|---|
| Azergo Consumer · France | 2026 |
| C.E.E Schisler Industrials · France | 2025 |
| Ceva II Pharma · France | 2025 |
| Hardloop E-commerce · France | 2026 |
| Sptmi Construction · France | 2024 |
FIP APL 2024investingEvergreen2024€10M1 assetsEvergreen2024 · 2yr€10M1–
Unrealized
1 held| Company | Entry |
|---|---|
| MyC HealthTech · France | 2026 |
IXO PME 2Buyout2024€70M0 assets1 exitsBuyout2024 · 2yr€70M01
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| LDL Technology Industrials · France | – | 2023 | Trade Sale | Amphenol | – |
FIP APL 2023investingEvergreen2023€10M2 assetsEvergreen2023 · 3yr€10M2–
Unrealized
2 held| Company | Entry |
|---|---|
| Fluid Inox France | – |
| Moon Safari Construction · France | 2024 |
FIP APL 2022investingEvergreen2022€10M2 assetsEvergreen2022 · 4yr€10M2–
Unrealized
2 held| Company | Entry |
|---|---|
| Groupe Lexom Business Services · France | 2024 |
| Wecasa TMT · France | 2024 |
IXO PME 1harvestingBuyout2021€60M9 assets2 exitsBuyout2021 · 5yr€60M92
Unrealized
9 held| Company | Entry |
|---|---|
| Agritubel Agriculture · France | 2021 |
| Air Support Aerospace & Defence · France | 2020 |
| Elydan Construction · France | – |
| Fidelem Construction · France | – |
| Grand Large Yachting Industrials · France | 2023 |
| Groupe Echelle Europeenne Construction · France | 2022 |
| La Première Brique Fintech · France | 2025 |
| Oyat Assurances Financials · France | 2021 |
| Syst'am II MedTech · France | – |
FIP APL 2020harvestingEvergreen2020€10M3 assets1 exitsEvergreen2020 · 6yr€10M31
Unrealized
3 held| Company | Entry |
|---|---|
| Freg Construction · France | – |
| Indy SaaS · France | 2023 |
| Thermes Berot Healthcare · France | – |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 365talents HR Tech · France | 2021 | 2026 | Trade Sale | Docebo | – |
FIP APL 2019harvestingEvergreen2019€10M6 assetsEvergreen2019 · 7yr€10M6–
IXO 4harvestingGrowth2019€200M9 assets3 exitsGrowth2019 · 7yr€200M93
Unrealized
9 held| Company | Entry |
|---|---|
| Acoem Industrials · France | 2018 |
| APF Industrials · France | – |
| Energy Pool ClimateTech · France | 2023 |
| EP2C Energy ClimateTech · France | 2021 |
| Glass Partners Solutions Construction · France | 2022 |
| La Barriere Automatique Construction · France | 2021 |
| La Chery Healthcare · France | – |
| Meritis IT Services · France | 2022 |
| Plastisud Industrials · France | 2023 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| CD SUD Consumer · France | 2019 | 2022 | Trade Sale | Sonepar France | – |
| Exsto Mobility · France | 2020 | 2024 | Secondary | IDI | – |
| Magellium Groupe Aerospace & Defence · France | 2020 | 2025 | Secondary | Weinberg Capital Partners | – |
FIP APL 2018Growth2018€10M3 assetsGrowth2018 · 8yr€10M3–
Unrealized
3 held| Company | Entry |
|---|---|
| Mercato de l'emploi HR Tech · France | 2022 |
| Soleo Consumer · France | 2022 |
| VUF Bikes Mobility · France | 2023 |
FIP APL 2017Growth2017€10M3 assets1 exitsGrowth2017 · 9yr€10M31
Unrealized
3 held| Company | Entry |
|---|---|
| G Finance Financials · France | 2022 |
| Mon Chasseur Immo TMT · France | 2022 |
| Synneo Consumer · France | 2020 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Domalys MedTech · France | 2020 | 2024 | Trade Sale | LINET | – |
FIP APL 2016divestingEvergreen2016€10M4 assets1 exitsEvergreen2016 · 10yr€10M41
Unrealized
4 held| Company | Entry |
|---|---|
| Abridéal Mobility · France | 2020 |
| Bio Planete Agriculture · France | – |
| Microphyt Biotech · France | 2019 |
| Tesalys MedTech · France | 2019 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Groupe ESR Construction · France | 2019 | 2025 | MBO | Groupe familial du dirigeant | – |
FIP APL Developpement 8Growth2016€10M1 assetsGrowth2016 · 10yr€10M1–
Unrealized
1 held| Company | Entry |
|---|---|
| Nehia Group Industrials · France | – |
FIP APL 2015divestingEvergreen2015€10M1 assets1 exitsEvergreen2015 · 11yr€10M11
IXO 3divestingGrowth2015€150M2 assets13 exitsGrowth2015 · 11yr€150M213
Unrealized
2 held| Company | Entry |
|---|---|
| EDA Plastiques Industrials · France | 2018 |
| MDA Consumer · France | 2024 |
Realized
13 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Alpha Services Construction · France | 2021 | 2024 | Secondary | RAISE Invest | – |
| Atlantique Automatismes Incendies Construction · France | 2016 | 2021 | MBO | Groupe SAVE | – |
| Biscuit International Consumer · France | – | 2020 | Secondary | Platinum Equity | – |
| Ceva Pharma · France | – | 2025 | Secondary | ARCHIMED and Institut Mérieux | – |
| Groupe GA Construction · France | 2017 | 2025 | Secondary | Eurazeo | – |
| Groupe Lagarrigue Healthcare · France | 2016 | 2021 | Secondary | Naxicap Partners | – |
| Missler Software TMT · France | 2015 | 2018 | Secondary | Siparex (with Bpifrance, IRDI and management) | – |
| Mont Roucous Agriculture · France | – | – | – | – | – |
| Olly Gan Consumer · France | 2015 | 2024 | – | – | – |
| Optimum Consumer · France | 2015 | 2024 | Trade Sale | Cyril Jollivet | – |
| Recaero Aerospace & Defence · France | 2026 | 2026 | Secondary | Grand Sud-Ouest Capital (with Sofilaro, Idia Capital Investissement, BNP Paribas Developpement, Multicroissance) | – |
| Sauermann-Kimo Construction · France | – | 2024 | Trade Sale | Verder Group | – |
| Syst'am MedTech · France | 2015 | 2021 | MBO | Management (Cinquin family) | – |
FIP APL 2014Growth2014€10M1 assetsGrowth2014 · 12yr€10M1–
Unrealized
1 held| Company | Entry |
|---|---|
| Ermic Aerospace & Defence · France | 2014 |
FIP APL 2013Growth2013€10M2 assets1 exitsGrowth2013 · 13yr€10M21
Unrealized
2 held| Company | Entry |
|---|---|
| GamaMabs Pharma Biotech · France | 2013 |
| Polestar Industrials · France | 2013 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Fleuret Aerospace & Defence · France | 2015 | 2025 | Secondary | Innovafonds | – |
About iXO Private Equity
iXO Private Equity is one of the largest independent French regional private equity firms with €1 billion of assets under management as of December 2024, founded in 2002 (originally 2003) and based in Toulouse, Bordeaux, Marseille and Lyon. The firm specialises in small and mid-cap investments across the southern French regional ecosystem, providing capital across venture, growth and buyout strategies aligned with regional Occitanie and PACA business cycles.
Investment thesis
iXO Private Equity targets French regional small and mid-cap companies, deploying capital across venture capital (early-stage), growth equity (scaling SMEs) and selective buyout transactions (mid-cap LBO). Sector focus reflects the broad coverage typical of regional multi-strategy platforms, with the firm supporting French entrepreneurs across the southern French economic ecosystem. Equity ticket sizes vary by strategy from venture-stage early commitments through to mid-cap buyout positions.
Recent activity
Recent realised exits include 365talents (TMT, 2026), reflecting selective distribution activity across the regional portfolio. The platform tracks 11 funds and 15 active portfolio companies across the multi-vintage regional French programme.
Frequently asked questions
- What investment strategy does iXO Private Equity focus on?
- iXO Private Equity focuses on VC, Growth, Buyout strategies in the private equity space.
- How many portfolio companies does iXO Private Equity have?
- iXO Private Equity has 54 active portfolio companies and 24 completed exits and 17 funds tracked on GP Intel.
- Where is iXO Private Equity headquartered?
- iXO Private Equity is headquartered in Toulouse, France.
- What is iXO Private Equity's assets under management?
- iXO Private Equity manages approximately €1.0B in assets under management.
- When was iXO Private Equity founded?
- iXO Private Equity was founded in 2002.
- What sectors does iXO Private Equity invest in?
- iXO Private Equity invests across Industrials, Software, Consumer, Healthcare, Business Services, Energy.
- What are iXO Private Equity's recent exits?
- Recent realized exits by iXO Private Equity include: 365talents (2026) to Docebo; Recaero (2026) to Grand Sud-Ouest Capital (with Sofilaro, Idia Capital Investissement, BNP Paribas Developpement, Multicroissance); Finmed (2025) to Asker Healthcare; Magellium Groupe (2025) to Weinberg Capital Partners; Groupe ESR (2025) to Groupe familial du dirigeant; Hemodia (2025) to LBO France; Ceva (2025) to ARCHIMED and Institut Mérieux; Groupe GA (2025) to Eurazeo.
Similar firms
Other private equity firms tracked on GP Intel.