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LBO France

LBO France

Paris, France·lbofrance.com
AUM
€2.5B
Funds
5
vintages 2015–2023
Portfolio
57
Exits
41

Key facts

HQParis, France

Recent exits

Dutscher
Dutscher
Healthcare2026 · 6yr hold
Eurotab
Eurotab
Industrials2026 · 7yr hold
HMY
Industrials2025 · 8yr hold
Payot
Payot
Consumer2025 · 6yr hold

Coverage notes

5 funds tracked, 98 portfolio companies (57 active · 41 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

88 companies
Consumer
14 · 16%
Industrials
13 · 15%
TMT
13 · 15%
Healthcare
11 · 13%
Business Services
10 · 11%
HealthTech
9 · 10%
MedTech
8 · 9%
Telecom
2 · 2%

Funds & portfolio

Every fund LBO France has raised, with its portfolio companies. Hand-checked from public filings.

5 funds
Joliba Capital FundGrowth
2023 · 3yr€33M6 active

Unrealized

6 held
IndustrialsOther· Entry 2021
BizaoActive
TelecomOther· Entry 2022
IUCActive
Business ServicesOther· Entry 2024
Poa!
Poa!Active
TelecomOther· Entry 2020
Shamba Pride
Shamba PrideActive
Business ServicesOther· Entry 2021
XenoActive
TMTOther· Entry 2024
LBO France Small CapBuyout
2020 · 6yr€200M12 active · 12 realized

Unrealized

12 held
Business ServicesFrance· Entry 2021
Baobag
BaobagActive
ConsumerFrance· Entry 2022
HealthcareFrance· Entry 2020
EcritelActive
TMTFrance· Entry 2024
ERE
EREActive
IndustrialsFrance· Entry 2024
Hemodia
HemodiaActive
HealthcareFrance· Entry 2025
ID Market
ID MarketActive
ConsumerFrance· Entry 2022
LeasecorpActive
FinancialsFrance· Entry 2024
MazarineActive
Business ServicesFrance· Entry 2023
Origine
OrigineActive
ConsumerFrance· Entry 2021
RouquetteActive
ConsumerFrance· Entry 2024
Size Factory
Size FactoryActive
HospitalityFrance· Entry 2022

Realized

12 exits
CMRExited 2023
HealthcareFrance· Entry 2018
Trade Saleto
CrouzetExited 2022
Aerospace & DefenceFrance· Entry 2018
Secondaryto
Dutscher
DutscherExited 2026
HealthcareFrance· Entry 2020
Trade Saleto
FH OrthopedicsExited 2020
MedTechFrance· Entry 2015
Trade Saleto
HMYExited 2025
IndustrialsFrance· Entry 2017
Trade Saleto
InfodisExited 2023
TMTFrance· Entry 2019
Trade Saleto
Passman
PassmanExited 2023
TMTFrance· Entry 2019
Secondaryto
Payot
PayotExited 2025
ConsumerFrance· Entry 2019
Trade Saleto
Prenax
PrenaxExited 2025
Business ServicesFrance· Entry 2019
Secondaryto
RG SafetyExited 2021
Business ServicesFrance· Entry 2017
Secondaryto
SerapidExited 2025
IndustrialsFrance· Entry 2020
Secondaryto
Spine innovations
Spine innovationsExited 2022
MedTechFrance· Entry 2017
Trade Saleto
LBO France ItalyBuyout
2018 · 8yr€100M4 active · 4 realized

Unrealized

4 held
Amahorse
AmahorseActive
ConsumerItaly· Entry 2025
HealthcareItaly· Entry 2022
Demas
DemasActive
HealthcareItaly· Entry 2020
XolutionsActive
IndustrialsItaly· Entry 2018

Realized

4 exits
Fine Sounds GroupExited 2022
ConsumerItaly· Entry 2014
Secondaryto
Lanterna
LanternaExited 2015
IndustrialsItaly· Entry 2012
Trade Saleto
VetroElite
VetroEliteExited 2021
IndustrialsItaly· Entry 2017
Trade Saleto
ZatoExited 2025
IndustrialsItaly· Entry 2019
Secondaryto
LBO France VentureVC
2016 · 10yr€225M20 active · 12 realized

Unrealized

20 held
12.5Active
TMTFrance· Entry 2025
AntidoteActive
HealthTechUK· Entry 2025
BIOSerenity
BIOSerenityActive
MedTechFrance· Entry 2017
ColpadActive
HealthcareFrance· Entry 2024
Diabeloop
DiabeloopActive
MedTechFrance· Entry 2022
Hemea
HemeaActive
TMTFrance· Entry 2022
HealthTechFrance· Entry 2022
HealthTechUK· Entry 2015
Kayentis
KayentisActive
HealthTechFrance· Entry 2016
MediaireActive
HealthTechGermany· Entry 2025
Meditect
MeditectActive
HealthcareFrance· Entry 2020
QuantifiCare
QuantifiCareActive
MedTechFrance· Entry 2019
Siteflow
SiteflowActive
TMTFrance· Entry 2025
SiVIEW
SiVIEWActive
HealthcareFrance· Entry 2022
HealthcareSpain· Entry 2022
Teamoty
TeamotyActive
TMTFrance· Entry 2022
HealthTechFrance· Entry 2019
Vestalis
VestalisActive
HealthcareFrance· Entry 2023
IndustrialsItaly· Entry 2017
Wandercraft
WandercraftActive
MedTechFrance· Entry 2015

Realized

12 exits
BiomodexExited 2023
MedTechFrance· Entry 2016
Trade Saleto
Crocus TechnologyExited 2023
TMTFrance· Entry 2018
Trade Saleto
EI-TechnologiesExited 2020
Business ServicesFrance· Entry 2016
Trade Saleto
FeetMeExited 2019
MedTechFrance· Entry 2017
FittingBox
FittingBoxExited 2021
TMTFrance· Entry 2016
Trade Saleto
H4DExited 2024
HealthTechFrance· Entry 2017
Trade Saleto
Hosman
HosmanExited 2025
TMTFrance· Entry 2020
Secondaryto
OpenHealth Company
OpenHealth CompanyExited 2022
HealthTechFrance· Entry 2017
Trade Saleto
Paragon ID
Paragon IDExited 2023
Deep TechFrance· Entry 2017
MBOto
Stilla TechnologiesExited 2025
BiotechFrance· Entry 2018
Trade Saleto
VoluntisExited 2021
HealthTechFrance· Entry 2014
Trade Saleto
Zeplug
ZeplugExited 2022
TMTFrance· Entry 2020
Secondaryto
LBO France Mid CapBuyout
2015 · 11yr€1.0B5 active · 13 realized

Unrealized

5 held
Alantys
AlantysActive
TMTFrance· Entry 2019
Bexley
BexleyActive
ConsumerFrance· Entry 2017
Heroiks
HeroiksActive
Business ServicesFrance· Entry 2018
ConsumerFrance· Entry 2019
Piex
PiexActive
IndustrialsFrance· Entry 2017

Realized

13 exits
Alvest
AlvestExited 2015
Aerospace & DefenceFrance· Entry 2013
Secondaryto
AverysExited 2015
ConsumerFrance· Entry 2008
Secondaryto
Bluclad
BlucladExited 2025
IndustrialsFrance· Entry 2018
Trade Saleto
ChrysoExited 2017
ConstructionFrance· Entry 2014
Trade Saleto
DCIExited 2016
IndustrialsFrance· Entry 2011
Secondaryto
Diam InternationalExited 2016
Business ServicesFrance· Entry 2012
Secondaryto
Eminence
EminenceExited 2018
ConsumerFrance· Entry 2011
Trade Saleto
Eurotab
EurotabExited 2026
IndustrialsFrance· Entry 2019
Trade Saleto
Flash EuropeExited 2015
Business ServicesFrance· Entry 2010
Secondaryto
IKKS
IKKSExited 2019
ConsumerFrance· Entry 2013
MaterneExited 2016
ConsumerFrance· Entry 2010
Trade Saleto
PromovacancesExited 2018
HospitalityFrance· Entry 2011
Secondaryto
The KooplesExited 2019
ConsumerFrance· Entry 2011
Trade Saleto
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About LBO France

LBO France is a French mid-market private equity firm with €2.5 billion of assets under management as of December 2024, headquartered in Paris. The firm has built a multi-decade track record across successive flagship buyout fund vintages, focusing on French and selectively European mid-cap LBO transactions with emphasis on operational value creation and management team partnership.

Investment thesis

LBO France targets French and selectively European mid-cap LBO transactions with equity ticket sizes typically ranging from €30 million to €150 million per transaction, focusing on profitable companies with €50 million to €500 million in enterprise value. Sector focus spans TMT, Business Services, Industrials, Consumer, Healthcare and Financials, with operational improvement initiatives and selective bolt-on M&A strategies driving value creation across the holding period.

Recent activity

Recent realised exits include Dutscher (healthcare, 2026), HMY (industrials, 2025), Hosman (TMT, 2025), Payot (consumer, 2025) and Prenax (business services, 2025), reflecting strong 2025-2026 distribution momentum across the platform. LBO France tracks 6 funds, 49 active portfolio companies and 39 realised exits across the multi-decade track record. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated August 2026 · Sourced from public filings · Report an issue