MBO+

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. Detailed buyer names and multiple data available on Pro at €29/month.