LBO France
Key facts
Recent exits
Coverage notes
5 funds tracked, 87 portfolio companies (46 active · 41 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund LBO France has raised, with its portfolio companies. Hand-checked from public filings.
Joliba Capital FundGrowth2023 · 3yr€33M6 active
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Beacon Power Services | Industrials | Other | 2021 |
| Bizao | TMT | Other | 2022 |
| IUC | Business Services | Other | 2024 |
| Poa! | TMT | Other | 2020 |
| Shamba Pride | Business Services | Other | 2021 |
| Xeno | TMT | Other | 2024 |
LBO France Small CapBuyout2020 · 6yr€200M11 active · 12 realized
Unrealized
11 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Alliance Marine | Business Services | France | 2021 |
| Baobag | Consumer | France | 2022 |
| Ecritel | TMT | France | 2024 |
| ERE | Industrials | France | 2024 |
| Hemodia | Healthcare | France | – |
| ID Market | Consumer | France | 2022 |
| Leasecorp | Financials | France | 2024 |
| Mazarine | Business Services | France | 2023 |
| Origine | Consumer | France | 2021 |
| Rouquette | Consumer | France | 2024 |
| Size Factory | Consumer | France | 2022 |
Realized
12 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| CMR | Healthcare | France | 2018 | 2023 | Trade Sale | – | |
| Crouzet | Industrials | France | 2018 | 2022 | Secondary | – | |
| Dutscher | Healthcare | France | 2020 | 2026 | Trade Sale | – | |
| FH Orthopedics | Healthcare | France | 2015 | 2020 | Trade Sale | – | |
| HMY | Industrials | France | 2017 | 2025 | Trade Sale | – | |
| Infodis | TMT | France | 2019 | 2023 | Trade Sale | – | |
| Passman | TMT | France | 2019 | 2023 | Secondary | – | |
| Payot | Consumer | France | 2019 | 2025 | Trade Sale | – | |
| Prenax | Business Services | France | 2019 | 2025 | Secondary | – | |
| RG Safety | Business Services | France | 2017 | 2021 | Secondary | – | |
| Serapid | Industrials | France | 2020 | 2025 | Secondary | – | |
| Spine innovations | Healthcare | France | 2017 | 2022 | Trade Sale | – |
LBO France ItalyBuyout2018 · 8yr€100M4 active · 4 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Amahorse | Consumer | Italy | 2025 |
| Astidental Bquadro | Healthcare | Italy | 2022 |
| Demas | Healthcare | Italy | 2020 |
| Xolutions | Industrials | Italy | 2018 |
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Fine Sounds Group | Consumer | Italy | 2014 | 2022 | Secondary | – | |
| Lanterna | Industrials | Italy | 2012 | 2015 | Trade Sale | – | |
| VetroElite | Industrials | Italy | 2017 | 2021 | Trade Sale | – | |
| Zato | Industrials | Italy | 2019 | 2025 | Secondary | – |
LBO France VentureVC2016 · 10yr€225M19 active · 12 realized
Unrealized
19 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 12.5 | TMT | France | – |
| Antidote | Healthcare | UK | 2025 |
| BIOSerenity | Healthcare | France | 2017 |
| Colpad | Healthcare | France | 2024 |
| Diabeloop | Healthcare | France | 2022 |
| Hemea | TMT | France | 2022 |
| Incepto Medical | Healthcare | France | 2022 |
| Induction Healthcare | Healthcare | UK | 2015 |
| Kayentis | Healthcare | France | 2016 |
| Mediaire | Healthcare | Germany | 2025 |
| Meditect | Healthcare | France | 2020 |
| QuantifiCare | Healthcare | France | 2019 |
| Siteflow | TMT | France | 2025 |
| SiVIEW | Healthcare | France | 2022 |
| Smile2Impress | Healthcare | Spain | 2022 |
| Teamoty | TMT | France | 2022 |
| Tribun Health | Healthcare | France | 2019 |
| Vestalis | Healthcare | France | 2023 |
| Wandercraft | Healthcare | France | 2015 |
Realized
12 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Biomodex | Healthcare | France | 2016 | 2023 | Trade Sale | – | |
| Crocus Technology | TMT | France | 2018 | 2023 | Trade Sale | – | |
| EI-Technologies | Business Services | France | 2016 | 2020 | Trade Sale | – | |
| FeetMe | Healthcare | France | 2017 | 2019 | – | – | – |
| FittingBox | TMT | France | 2016 | 2021 | Trade Sale | – | |
| H4D | Healthcare | France | 2017 | 2024 | Liquidation | – | – |
| Hosman | TMT | France | 2020 | 2025 | Write-off | – | – |
| OpenHealth Company | Healthcare | France | 2017 | 2022 | Trade Sale | – | |
| Paragon ID | Software | France | 2017 | 2023 | MBO | – | – |
| Stilla Technologies | Healthcare | France | 2018 | 2025 | Trade Sale | – | |
| Voluntis | Healthcare | France | 2014 | 2021 | Trade Sale | – | |
| Zeplug | TMT | France | 2020 | 2022 | Secondary | – |
LBO France Mid CapBuyout2015 · 11yr€1.0B5 active · 13 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Alantys | TMT | France | 2019 |
| Bexley | Consumer | France | 2017 |
| Heroiks | Business Services | France | 2018 |
| Moustache Bikes | Consumer | France | 2019 |
| Piex | Industrials | France | 2017 |
Realized
13 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Alvest | Industrials | France | 2013 | 2015 | Secondary | – | |
| Averys | Consumer | France | 2008 | 2015 | Secondary | – | |
| Bluclad | Industrials | France | 2018 | 2025 | Trade Sale | – | |
| Chryso | Industrials | France | 2014 | 2017 | Trade Sale | – | |
| DCI | Industrials | France | 2011 | 2016 | Secondary | – | |
| Diam International | Business Services | France | 2012 | 2016 | Secondary | – | |
| Eminence | Consumer | France | 2011 | 2018 | Trade Sale | – | |
| Eurotab | Industrials | France | 2019 | 2026 | Trade Sale | – | |
| Flash Europe | Business Services | France | 2010 | 2015 | Secondary | – | |
| IKKS | Consumer | France | 2013 | 2019 | Write-off | – | |
| Materne | Consumer | France | 2010 | 2016 | Trade Sale | – | |
| Promovacances | Consumer | France | 2011 | 2018 | Secondary | – | |
| The Kooples | Consumer | France | 2011 | 2019 | Trade Sale | – |
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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.
Similar firms
Other private equity firms tracked on GP Intel.
France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€39.0BFrance·€33.8BFrance·€33.0BFrance·€27.0BFrance·€23.0BFrance·€21.2BFrance·€20.0BFrance·€13.4BFrance·€13.2B