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iXO Private Equity

iXO Private Equity

Toulouse, France·Founded 2002··ixope.fr

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.

AUM
€1.0B
Funds
17
vintages 2013–2025
Portfolio
54
Exits
24

iXO Private Equity is a Toulouse venture capital firm with €1.0B AUM, 54 active companies and 24 exits.

Key takeaways
  • ·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 companies
Construction
14 · 18%
Industrials
9 · 12%
Consumer
8 · 10%
TMT
6 · 8%
Aerospace & Defence
6 · 8%
MedTech
6 · 8%
Healthcare
4 · 5%
Agriculture
3 · 4%

Key facts

HQToulouse, France
Founded2002
Websiteixope.fr

Recent exits

365talents

iXO Private Equity sold 365talents to Docebo in 2026 after 5 years.

Finmed

iXO Private Equity sold Finmed to Asker Healthcare in 2025 after 3 years.

Magellium Groupe

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.

17 funds
IXO 5investing
Growth2025€220M5 assets

Unrealized

5 held
CompanyEntry
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 2024investing
Evergreen2024€10M1 assets

Unrealized

1 held
CompanyEntry
MyC
HealthTech · France
2026
IXO PME 2
Buyout2024€70M0 assets1 exits

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
LDL Technology
Industrials · France
–2023Trade SaleAmphenol–
FIP APL 2023investing
Evergreen2023€10M2 assets

Unrealized

2 held
CompanyEntry
Fluid Inox
France
–
Moon Safari
Construction · France
2024
FIP APL 2022investing
Evergreen2022€10M2 assets

Unrealized

2 held
CompanyEntry
Groupe Lexom
Business Services · France
2024
Wecasa
TMT · France
2024
IXO PME 1harvesting
Buyout2021€60M9 assets2 exits

Unrealized

9 held
CompanyEntry
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
–

Realized

2 exits
CompanyEntryExitTypeBuyerMOIC
EID
Construction · France
––Trade SaleBeijer Ref AB–
Finmed
MedTech · France
20222025Trade SaleAsker Healthcare–
FIP APL 2020harvesting
Evergreen2020€10M3 assets1 exits

Unrealized

3 held
CompanyEntry
Freg
Construction · France
–
Indy
SaaS · France
2023
Thermes Berot
Healthcare · France
–

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
365talents
HR Tech · France
20212026Trade SaleDocebo–
FIP APL 2019harvesting
Evergreen2019€10M6 assets

Unrealized

6 held
CompanyEntry
AddWorking
TMT · France
2021
Agora
TMT · France
2022
Exotrail
Aerospace & Defence · France
2020
Leomed
Healthcare · France
–
Oreegami
TMT · France
2023
Yescapa
E-commerce · France
2023
IXO 4harvesting
Growth2019€200M9 assets3 exits

Unrealized

9 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
CD SUD
Consumer · France
20192022Trade SaleSonepar France–
Exsto
Mobility · France
20202024SecondaryIDI–
Magellium Groupe
Aerospace & Defence · France
20202025SecondaryWeinberg Capital Partners–
FIP APL 2018
Growth2018€10M3 assets

Unrealized

3 held
CompanyEntry
Mercato de l'emploi
HR Tech · France
2022
Soleo
Consumer · France
2022
VUF Bikes
Mobility · France
2023
FIP APL 2017
Growth2017€10M3 assets1 exits

Unrealized

3 held
CompanyEntry
G Finance
Financials · France
2022
Mon Chasseur Immo
TMT · France
2022
Synneo
Consumer · France
2020

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Domalys
MedTech · France
20202024Trade SaleLINET–
FIP APL 2016divesting
Evergreen2016€10M4 assets1 exits

Unrealized

4 held
CompanyEntry
Abridéal
Mobility · France
2020
Bio Planete
Agriculture · France
–
Microphyt
Biotech · France
2019
Tesalys
MedTech · France
2019

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Groupe ESR
Construction · France
20192025MBOGroupe familial du dirigeant–
FIP APL Developpement 8
Growth2016€10M1 assets

Unrealized

1 held
CompanyEntry
Nehia Group
Industrials · France
–
FIP APL 2015divesting
Evergreen2015€10M1 assets1 exits

Unrealized

1 held
CompanyEntry
Antabio
Biotech · France
2018

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Hemodia
MedTech · France
20192025SecondaryLBO France–
IXO 3divesting
Growth2015€150M2 assets13 exits

Unrealized

2 held
CompanyEntry
EDA Plastiques
Industrials · France
2018
MDA
Consumer · France
2024

Realized

13 exits
CompanyEntryExitTypeBuyerMOIC
Alpha Services
Construction · France
20212024SecondaryRAISE Invest–
Atlantique Automatismes Incendies
Construction · France
20162021MBOGroupe SAVE–
Biscuit International
Consumer · France
–2020SecondaryPlatinum Equity–
Ceva
Pharma · France
–2025SecondaryARCHIMED and Institut Mérieux–
Groupe GA
Construction · France
20172025SecondaryEurazeo–
Groupe Lagarrigue
Healthcare · France
20162021SecondaryNaxicap Partners–
Missler Software
TMT · France
20152018SecondarySiparex (with Bpifrance, IRDI and management)–
Mont Roucous
Agriculture · France
–––––
Olly Gan
Consumer · France
20152024–––
Optimum
Consumer · France
20152024Trade SaleCyril Jollivet–
Recaero
Aerospace & Defence · France
20262026SecondaryGrand Sud-Ouest Capital (with Sofilaro, Idia Capital Investissement, BNP Paribas Developpement, Multicroissance)–
Sauermann-Kimo
Construction · France
–2024Trade SaleVerder Group–
Syst'am
MedTech · France
20152021MBOManagement (Cinquin family)–
FIP APL 2014
Growth2014€10M1 assets

Unrealized

1 held
CompanyEntry
Ermic
Aerospace & Defence · France
2014
FIP APL 2013
Growth2013€10M2 assets1 exits

Unrealized

2 held
CompanyEntry
GamaMabs Pharma
Biotech · France
2013
Polestar
Industrials · France
2013

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Fleuret
Aerospace & Defence · France
20152025SecondaryInnovafonds–

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.
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Last updated October 2026 · Sourced from public filings · Report an issue