What investment strategy does MBO+ focus on?

MBO+ focuses on Buyout strategies in the private equity space.

How many portfolio companies does MBO+ have?

MBO+ has 21 active portfolio companies and 12 completed exits and 4 funds tracked on GP Intel.

Where is MBO+ headquartered?

MBO+ is headquartered in Paris, France.

What is MBO+'s assets under management?

MBO+ manages approximately €423M in assets under management.

What are MBO+'s recent exits?

Recent realized exits by MBO+ include: Camping Paradis (2026) to maeva (Pierre & Vacances-Center Parcs Group); Icare (2025) to Certania; Cosmogen (2024) to Weinberg Capital Partners; ANTIPOLIS (2023) to NEO; Sequoiasoft (2023) to Septeo; INNOVATIVE TECH (2022) to PRIMAL; SOLEM INTERNATIONAL DEVELOPPEMENT (2022) to PRIMAL; VERANEX FRANCE (2021) to VERANEX INC.

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MBO+

Paris, France·Founded 2002·

Buyout

·mboplus.com

Independent French mid-market private-equity firm founded in 2002 (formerly MBO Partenaires); deploys around EUR 1bn cumulative across seven successive buyout funds plus an MBO Continuation Fund (EUR 262M, 2025) and an MBO Flex vehicle (2024) running a three-pillar Buyout, Buy-and-Build and Flex strategy across France, Spain and Switzerland.

AUM

€423M

Funds

vintages 2014–2024

Portfolio

Exits

MBO+ is a Paris buyout firm with €423M AUM, 21 active companies and 12 exits.

Key takeaways

·9 exits in the last 5 years · consistent DPI cadence.
·Average hold across 12 realized deals: 5 years.
·Fund cadence: ~3Y between vintages · last raise 2024.

Sector breakdown

33 companies

TMT

6 · 18%

Industrials

5 · 15%

Business Services

5 · 15%

Healthcare

4 · 12%

Hospitality

3 · 9%

Consumer

2 · 6%

Financials

1 · 3%

IT Services

1 · 3%

Key facts

HQParis, France

Founded2002

Websitemboplus.com

Recent exits

MBO+ sold Camping Paradis to maeva (Pierre & Vacances-Center Parcs Group) in 2026 after 3 years.

MBO+ sold Icare to Certania in 2025 after 9 years.

MBO+ sold Cosmogen to Weinberg Capital Partners in 2024 after 8 years.

MBO+ sold Antipolis to NEO in 2023 after 4 years.

Coverage notes

4 funds tracked, 33 portfolio companies (21 active · 12 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

MBO Continuation

Secondaries2024€230M2 assets

Secondaries

2024 · 2yr

€230M

–

Unrealized

2 held

Company	Entry
Caddenz Industrials · France	2024
Osmaia Business Services · France	2024

MBO Flex

Buyout2024€100M8 assets

Buyout

2024 · 2yr

€100M

–

Unrealized

8 held

Company	Entry
ADD Associes Business Services · France	2024
Diferbat France	2026
Digital Native Group Business Services · France	2023
Geomines France	2026
HPS International Industrials · France	2024
ITB Innovation Industrials · France	2026
Norman K Financials · France	2023
Syxperiane IT Services · France	2024

MBO+ Buyout VI

Buyout2022€350M11 assets1 exits

Buyout

2022 · 4yr

€350M

Unrealized

11 held

Company	Entry
Dayuse Hospitality · France	2024
Dentylis Healthcare · France	2023
Evesio Healthcare · France	2023
Groupe Bage Construction · France	2023
Groupe IEF2I Education Education · France	2023
Klee Group TMT · France	2022
LEN Medical Healthcare · France	2023
Logtrans Logistics · France	2025
Neocamp Group Hospitality · France	2023
Praxedo TMT · France	2023
Salini Immobilier Real Estate · France	2025

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Camping Paradis Hospitality · France	2023	2026	Trade Sale	maeva (Pierre & Vacances-Center Parcs Group)	–

MBO Buyout FundHarvesting

Buyout2014€750M0 assets11 exits

Buyout

2014 · 12yr

€750M

Realized

11 exits

Company	Entry	Exit	Type	Buyer	MOIC
Antipolis TMT · France	2019	2023	Trade Sale	NEO	–
Cosmogen Consumer · France	2016	2024	Secondary	Weinberg Capital Partners	–
Elcos TMT · France	2017	2020	Secondary	Moira Investissement	–
Icare Business Services · France	2016	2025	Trade Sale	Certania	–
Innovative Tech TMT · France	2016	2022	Trade Sale	PRIMAL	–
M E-creation Business Services · France	2017	2021	–	–	–
Raphael Michel Consumer · France	2016	2018	MBO	Management	–
Rise Group Industrials · France	2017	2020	Trade Sale	RONDOT Group	–
Sequoiasoft TMT · France	2018	2023	Trade Sale	Septeo	–
Solem International Developpement Industrials · France	2016	2022	Trade Sale	PRIMAL	–
Veranex France Healthcare · France	2017	2021	Trade Sale	VERANEX INC	–

About MBO+

MBO Partenaires is an independent French mid-market private equity firm with approximately €1 billion of cumulative capital deployed, founded in 2002 and headquartered in Paris under its current MBO+ brand. The firm has deployed across seven successive flagship buyout funds plus an MBO Continuation Fund (€262 million, 2025) and an MBO Flex vehicle (2024), distinguishing the platform with multi-vintage continuity and selective continuation-fund execution.

Investment thesis

MBO+ targets French and selectively European mid-cap LBO transactions with equity ticket sizes typically ranging from €15 million to €60 million per transaction, focusing on profitable companies with strong management teams and consolidation potential. Sector focus spans Business Services, Hospitality, Consumer and TMT, with continuation-fund capability enabling extended ownership of high-conviction assets beyond traditional fund duration. The firm emphasises management team partnership across multiple successive vintage funds.

Recent activity

Recent realised exits include Camping Paradis (hospitality, 2026), Icare (business services, 2025), Cosmogen (consumer, 2024), ANTIPOLIS (TMT, 2023) and Sequoiasoft (TMT, 2023), reflecting active distribution across multiple sectors. The platform tracks 3 funds tracked on GP Intel, 19 active portfolio companies and 11 realised exits across multiple vintage funds.

Frequently asked questions

What investment strategy does MBO+ focus on?: MBO+ focuses on Buyout strategies in the private equity space.
How many portfolio companies does MBO+ have?: MBO+ has 21 active portfolio companies and 12 completed exits and 4 funds tracked on GP Intel.
Where is MBO+ headquartered?: MBO+ is headquartered in Paris, France.
What is MBO+'s assets under management?: MBO+ manages approximately €423M in assets under management.
When was MBO+ founded?: MBO+ was founded in 2002.
What are MBO+'s recent exits?: Recent realized exits by MBO+ include: Camping Paradis (2026) to maeva (Pierre & Vacances-Center Parcs Group); Icare (2025) to Certania; Cosmogen (2024) to Weinberg Capital Partners; ANTIPOLIS (2023) to NEO; Sequoiasoft (2023) to Septeo; INNOVATIVE TECH (2022) to PRIMAL; SOLEM INTERNATIONAL DEVELOPPEMENT (2022) to PRIMAL; VERANEX FRANCE (2021) to VERANEX INC.