Naxicap Partners
AUM
€8.3B
Funds
4
vintages 2005–2026
Portfolio
82
Exits
148
Naxicap Partners is a Paris private equity firm with €8.3B AUM, 82 active companies and 148 exits.
Key takeaways
- ·34 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 142 realized deals: 7 years.
Sector breakdown
227 companiesBusiness Services
44 · 19%
Consumer
31 · 14%
IT Services
24 · 11%
Software
21 · 9%
Diversified
13 · 6%
Agriculture
12 · 5%
Healthcare
11 · 5%
Hospitality
10 · 4%
Geography breakdown
4 geographiesFrance
221 · 97%
Switzerland
4 · 2%
FR
1 · 0%
Netherlands
1 · 0%
Key facts
HQParis, France
Websitenaxicap.fr
Recent exits
Naxicap Partners sold Astoria Finance to Carac in 2026 after 19 years.
Naxicap Partners sold Groupe Astoria to Carac in 2026 after 12 years.
Naxicap Partners sold Addev Group to PETRUS CONSEIL in 2025 after less than a year.
Naxicap Partners exited Groupe NCA in 2025 after 3 years.
Coverage notes
4 funds tracked, 230 portfolio companies (82 active · 148 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Naxicap Partners has raised, with its portfolio companies. Hand-checked from public filings.
4 funds
Fund
Strategy
Vintage
Size
Assets
Exits
NIO IIIinvestingBuyout2026€808M0 assetsBuyout2026 · 0yr€808M0–
No portfolio companies tracked yet.
NIO IIBuyout2020€856M45 assets11 exitsBuyout2020 · 6yr€856M4511
Unrealized
45 held| Company | Entry |
|---|---|
| : Synchrone Groupe III Business Services · France | 2025 |
| Addev Materials Aerospace & Defence · France | 2025 |
| Amarris Business Services · France | 2025 |
| Anywr HR Tech · France | 2022 |
| Anywr HR Tech · France | 2022 |
| APF Autoparts Mobility · France | 2025 |
| Archimede Software · France | 2020 |
| Ceres Pharma · France | 2021 |
| Cooptalis HR Tech · France | 2022 |
| Digisap Solutions IT Services · France | 2022 |
| Eqwal MedTech · France | 2021 |
| Eqwal Group Business Services · France | 2021 |
| Eureka Education Education · France | 2020 |
| European Premium Bike Brands Business Services · France | 2021 |
| Everaxis Aerospace & Defence · France | 2021 |
| Groupe 3R - Reseau Radiologique Romand Healthcare · Switzerland | 2021 |
| Groupe Lagarrigue Healthcare · France | 2021 |
| Groupe Monsenior Business Services · France | 2025 |
| Groupe Vabel Business Services · France | 2021 |
| Guntermann & Drunck TMT · France | 2020 |
| Hellco Business Services · France | 2024 |
| Hello Syndic PropTech · France | 2023 |
| Homnicity Group Business Services · France | 2020 |
| I@D Infinity Business Services · France | 2021 |
| ITAL Express Business Services · FR | 2024 |
| Lagarrigue MedTech · France | 2021 |
| Manda PropTech · France | 2025 |
| Naxicap Partners Financials · France | 2026 |
| Newrem Business Services · France | 2024 |
| O2 Mobility Business Services · France | 2021 |
| O2feel Consumer · France | 2021 |
| Ouveo Construction · France | 2021 |
| Oxysign Industrials · France | 2022 |
| Pruis Schoentechniek & voetzorg Consumer · Netherlands | 2026 |
| Reminiscence Consumer · France | 2020 |
| Santor Edition Business Services · France | 2022 |
| SFP Expansion EdTech · France | 2021 |
| Solutys Industrials · France | 2023 |
| Somatoline Consumer · France | 2026 |
| Stromer Consumer · France | 2021 |
| Synchrone TMT · France | 2024 |
| Tomorrow Education Group Education · France | 2025 |
| Tournus Equipement Industrials · France | 2022 |
| VuWall IT Services · France | 2025 |
| Weezevent IT Services · France | 2023 |
Realized
11 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Addev Group Software · France | 2025 | 2025 | Trade Sale | PETRUS CONSEIL | – |
| Demarne Consumer · France | 2018 | 2024 | MBO | Romain Demarne family + Unigrains | – |
| Eurogerm Consumer · France | 2021 | 2021 | Trade Sale | Novagerm | – |
| Groupe Guemas Software · France | 2022 | 2022 | MBO | – | – |
| Groupe NCA Software · France | 2022 | 2025 | MBO | – | – |
| Groupe Ober Construction · France | 2018 | 2023 | Trade Sale | OBER FINANCES | – |
| Incept Group Software · France | 2022 | 2023 | Trade Sale | Prospheres Dirigeants | – |
| Jean Rousseau SAS Software · France | 2022 | 2023 | Trade Sale | EW PARTICIPATION | – |
| Oasys & Compagnie Business Services · France | 2022 | 2024 | Trade Sale | Diot-Siaci | – |
| Secure-IC Cybersecurity · France | 2022 | 2025 | Trade Sale | Cadence Design Systems | – |
| Xpage Group Software · France | 2021 | 2025 | Trade Sale | IPSOS (FRANCE) | – |
NIO IBuyout2017€1.7B13 assets17 exitsBuyout2017 · 9yr€1.7B1317
Unrealized
13 held| Company | Entry |
|---|---|
| ECS Group Business Services · France | 2018 |
| Emera Healthcare · France | 2019 |
| Findis Consumer · France | 2017 |
| Groupe ABF Real Estate · France | 2018 |
| HTL Biotech · France | 2017 |
| Keys Asset Management Business Services · France | 2019 |
| LA Parfumerie Europe Consumer · France | 2017 |
| Let's Go Fitness Hospitality · Switzerland | 2018 |
| Moria MedTech · France | 2019 |
| Newparf Business Services · France | 2017 |
| Siblu Hospitality · France | 2019 |
| Siblu Villages Hospitality · France | 2019 |
| Teufel Consumer · Switzerland | 2018 |
Realized
17 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| BVA Business Services · France | 2017 | 2025 | Trade Sale | Ipsos | – |
| Dental Monitoring HealthTech · France | 2019 | 2021 | Trade Sale | Merieux Equity Partners / Vitruvian Partners | – |
| ECF Group Business Services · France | 2017 | 2025 | Secondary | PAI Partners | – |
| Executive IT IT Services · France | 2019 | 2023 | Trade Sale | Bechtle AG | – |
| Fiduline Software · France | 2018 | 2024 | Trade Sale | Ondura | – |
| Finophta Software · France | 2019 | 2019 | Trade Sale | EYE-Q | – |
| Groupe Deck Business Services · France | 2017 | – | Trade Sale | DECK TEAM II | – |
| GSMC Software · France | 2017 | 2021 | MBO | – | – |
| Homnicity Software · France | 2017 | 2020 | Trade Sale | Homnicity Group | – |
| Maxi Bazar Consumer · France | 2017 | 2022 | Trade Sale | Family Office Zouari | – |
| MB Groupe Software · France | 2018 | 2022 | MBO | Family Office Zouari | – |
| MYRE IT Services · France | 2019 | 2023 | Trade Sale | D&A MANAGEMENT | – |
| Newbakery Software · France | 2017 | 2021 | Trade Sale | BC-CAP | – |
| Nikita Software · France | 2017 | 2019 | Trade Sale | ACOGROUP | – |
| Onduline Construction · France | 2017 | 2022 | Trade Sale | Kingspan | – |
| R2I D* Softway Medical Developpement HealthTech · France | 2017 | 2020 | MBO | Santorin Participations | – |
| Riis Softway Medical Services HealthTech · France | 2017 | 2020 | MBO | Santorin Participations | – |
Naxicap Legacy FundsBuyout2005€500M21 assets120 exitsBuyout2005 · 21yr€500M21120
Unrealized
21 held| Company | Entry |
|---|---|
| Allvalv Developpement Business Services · France | 2014 |
| Altares Business Services · France | 2016 |
| Athome Business Services · France | 2007 |
| BIA Consumer · France | – |
| Genoyer International Business Services · France | 2016 |
| Groupe Baudaire Software · France | 2013 |
| House OF HR Business Services · France | 2012 |
| I@D France PropTech · France | 2012 |
| LA Boucherie Hospitality · France | 2008 |
| MÄDER Business Services · France | 2010 |
| Milexia Aerospace & Defence · France | 2011 |
| NEMO Consumer · France | 2011 |
| Newrest Business Services · France | 2005 |
| Nexira Consumer · France | 2016 |
| OMIA Business Services · France | 2015 |
| Onedirect E-commerce · France | 2016 |
| Pain ET Croissants Software · France | 2016 |
| Quartus Real Estate · France | 2010 |
| Stelliant (TEXA) Business Services · France | 2016 |
| SUD Robinetterie Industrie (SRI) Business Services · France | – |
| Webinfluence Group / Adcash AdTech · France | – |
Realized
120 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| AC Environnement Real Estate · France | 2015 | 2018 | Secondary | Abénex Capital | – |
| Addev Business Services · France | 2008 | 2016 | Secondary | Bpifrance | – |
| Adents High Tech International SaaS · France | 2015 | – | Trade Sale | Antares Vision | – |
| Adents Hight Tech International IT Services · France | 2010 | 2015 | – | – | – |
| Advanced Accelerator Applications Pharma · France | 2008 | 2016 | Trade Sale | Novartis AG | – |
| Alltub Business Services · France | 2007 | 2011 | Secondary | Aurora Capital Group | – |
| Alpagroupe Diversified · France | 2006 | 2015 | – | – | – |
| Alsachim Diversified · France | 2006 | 2014 | – | – | – |
| Amalric Agriculture · France | 2011 | 2015 | MBO | Management shareholders | – |
| Anaveo Business Services · France | 2007 | 2014 | Secondary | CM-CIC Capital Finance and Viveris Management | – |
| Arenadour Healthcare · France | 2013 | 2018 | Trade Sale | ARENADOUR CAPITAL | – |
| Asteelflash Industrials · France | 2005 | 2014 | MBO | Management team | – |
| Astoria Finance Business Services · France | 2007 | 2026 | Trade Sale | Carac | – |
| Ateme IT Services · France | 2002 | 2016 | – | – | – |
| Bazile Telecom IT Services · France | 2010 | 2018 | Trade Sale | DOMPLUS GroupE | – |
| Bernard Controls Industrials · France | 2005 | 2010 | – | – | – |
| Biosynex MedTech · France | 2008 | 2019 | – | – | – |
| Biotech International Diversified · France | 2009 | 2013 | Trade Sale | Wright Medical Group | – |
| Burger King Hospitality · France | 2013 | 2015 | Trade Sale | Groupe Bertrand | – |
| CA Traiteur & Salaisons Agriculture · France | 2008 | 2016 | MBO | Antoine d'Espous | – |
| Capda Consumer · France | 2012 | 2016 | – | – | – |
| CÉSAR Moroni Agriculture · France | 1996 | 2010 | Trade Sale | Aoste | – |
| CHARLOTT’ Diversified · France | 2009 | 2016 | – | – | – |
| CHATEAUFORM’ Business Services · France | 2012 | 2016 | MBO | Historical shareholders | – |
| Claranor IT Services · France | 2006 | 2018 | – | – | – |
| Clinique Internationale DU Parc Monceau Healthcare · France | 2015 | 2019 | Trade Sale | Almaviva Santé | – |
| COLISÉE – LES Jardins DE CYBÈLE Diversified · France | 2010 | 2014 | Secondary | Eurazeo PME | – |
| Consort NT IT Services · France | 2008 | 2018 | MBO | Management team | – |
| Cube Digital Media Business Services · France | 2010 | 2016 | – | – | – |
| DCI IT Services · France | 2016 | 2023 | – | – | – |
| EA Pharma (GROUPE) Pharma · France | 2006 | 2017 | – | – | – |
| Ekaim Technologie Business Services · France | 1999 | 2018 | – | – | – |
| Elitech MedTech · France | 2010 | 2017 | Secondary | PAI Partners | – |
| Emerige Real Estate · France | 2006 | 2019 | Secondary | Eurazeo Patrimoine | – |
| Eudonet IT Services · France | 2011 | 2017 | Secondary | Quilvest Capital Partners | – |
| Europe Environnement Diversified · France | 2006 | 2014 | Trade Sale | CMI Group | – |
| Evolutis MedTech · France | 2011 | 2016 | Secondary | Garibaldi Participations | – |
| Fides Healthcare · France | 2009 | 2015 | Trade Sale | Vivalto Vie | – |
| Focal & Naim Consumer · France | 2014 | 2019 | Secondary | Alpha Private Equity | – |
| Folliet-tropico Agriculture · France | 2005 | 2015 | Secondary | IDIA Capital Investissement | – |
| Fujatria Software · France | 2013 | 2018 | – | – | – |
| Genepep Biotech · Switzerland | 2007 | 2016 | MBO | TWO-C | – |
| Germicopa Agriculture · France | 2010 | 2014 | Trade Sale | Florimond Desprez Group | – |
| Gozoki Consumer · France | 2007 | 2015 | – | – | – |
| Groupe Aqualande Agriculture · France | 1990 | 2015 | Trade Sale | Henri Morel | – |
| Groupe Astoria Business Services · France | 2014 | 2026 | Trade Sale | Carac | – |
| Groupe Bertrand Hospitality · France | 2012 | 2016 | MBO | Olivier Bertrand | – |
| Groupe Echelle Europeenne Construction · France | 2003 | 2017 | – | – | – |
| Groupe Frio Consumer · France | 2015 | 2019 | Secondary | Azulis Capital | – |
| Groupe Grimaud Biotech · France | 2005 | 2011 | Secondary | Crédit Mutuel Equity | – |
| Groupe Hasler Business Services · France | 2009 | 2015 | Secondary | Societe Generale Capital Partenaires | – |
| Groupe LCD Healthcare · France | 2010 | 2015 | Trade Sale | Biogroup | – |
| Groupe NCA Software · France | 2016 | 2023 | – | – | – |
| Groupe Pancosma Agriculture · France | 2009 | 2014 | Trade Sale | Guy Pariente | – |
| Groupe RBDH Industrials · France | 2010 | 2018 | – | – | – |
| Homair Hospitality · France | 2012 | 2014 | Secondary | The Carlyle Group | – |
| IMX Distribution Group Diversified · France | 2012 | 2017 | Trade Sale | Landmark Global France | – |
| Ipelec Business Services · France | 2015 | 2018 | – | – | – |
| Jaguar Network IT Services · France | 2014 | 2019 | Trade Sale | Iliad | – |
| JPS Granulats Construction · France | 2008 | 2016 | – | – | – |
| JVS Groupe IT Services · France | 2012 | 2016 | MBO | EPF Partners | – |
| Kalibox Healthcare · France | 2006 | 2016 | Trade Sale | CSafe | – |
| Kartesis Industries Business Services · France | 2013 | 2019 | – | – | – |
| Koden (ANCIENNEMENT Groupe DESK) IT Services · France | 2014 | 2020 | Trade Sale | Groupe C'Pro | – |
| LA Chaise Longue Consumer · France | 2007 | 2012 | – | – | – |
| LA VIE Claire Consumer · France | 2010 | 2016 | – | – | – |
| Laboratoire Icare Healthcare · France | 2012 | 2016 | Secondary | MBO Partenaires | – |
| LE Paradis DU Fruit Hospitality · France | 2007 | 2018 | MBO | Claude Louzon and management | – |
| Lilial Care Healthcare · France | 2014 | 2018 | Trade Sale | Coloplast | – |
| Loppin & Jean Industrials · France | 2008 | 2016 | – | – | – |
| Lucas G Agriculture · France | 2013 | 2016 | MBO | Régis Legendre / SOFILU | – |
| Machines Pages Diversified · France | 2006 | 2016 | Secondary | InnovaFonds, BNP Paribas Développement and Carvest | – |
| Maike Automotive Mobility · France | 2013 | 2018 | – | – | – |
| Maped Consumer · France | 2006 | 2014 | – | – | – |
| Mediane IT Services · France | 2008 | 2011 | Secondary | Initiative & Finance and Viveris Management | – |
| Menuiserie Dubois Consumer · France | 2010 | 2014 | – | – | – |
| Nord SUD Brasseries Hospitality · France | 2010 | 2015 | MBO | Jérôme Bocuse and Paul-Maurice Morel | – |
| NP6 IT Services · France | 2012 | 2017 | Trade Sale | ChapsVision | – |
| Numerix IT Services · France | 2010 | 2015 | – | – | – |
| NUXE Consumer · France | 2012 | 2015 | – | – | – |
| Oralia Real Estate · France | 2010 | 2014 | Trade Sale | Nexity | – |
| PHARM’UP Pharma · France | 2010 | 2015 | – | – | – |
| Pharmaster (LABORATOIRES) Pharma · France | 2003 | 2010 | – | – | – |
| Phenix Systems Diversified · France | 2003 | 2013 | Trade Sale | 3D Systems | – |
| Pierre Schmidt Agriculture · France | 2008 | 2015 | Secondary | Alliance Entreprendre, CM-CIC Investissement and Unigrains | – |
| Pisoni Publicite Diversified · France | 2010 | 2015 | Trade Sale | JCDecaux | – |
| Plastef Diversified · France | 2001 | 2009 | Trade Sale | West Pharmaceutical Services | – |
| Port Adhoc Diversified · France | 2007 | 2022 | – | – | – |
| Primonial Financials · France | 2010 | 2014 | Secondary | Bridgepoint Development Capital | – |
| Pronatura Agriculture · France | 2014 | 2017 | MBO | Management and CEREA Partners | – |
| Publi-cites Expansion Software · France | 2013 | 2023 | MBO | JCDecaux | – |
| Quartus Residentiel Software · France | 2016 | 2017 | Trade Sale | QUARTUS | – |
| RAGT Agriculture · France | 1999 | 2013 | – | – | – |
| Reserve Naturelle Consumer · France | 2004 | 2015 | – | – | – |
| Righini Business Services · France | 2009 | 2014 | – | – | – |
| RMP Software · France | 2016 | 2023 | Trade Sale | QUATRE+ | – |
| Sateco Construction · France | 2016 | 2019 | Secondary | Equistone Partners Europe | – |
| Scid Barsan Consumer · France | 2004 | 2008 | – | – | – |
| SFPI Diversified · France | 2007 | 2017 | Secondary | Institutional investors | – |
| Shark Consumer · France | 2015 | 2024 | – | – | – |
| Slota Consumer · France | 2012 | 2021 | Trade Sale | HysetCo | – |
| Smart & CO Consumer · France | 2007 | 2016 | MBO | Pierre-Edouard Sterin and management | – |
| Snaam Construction · France | 2003 | 2013 | Secondary | CM-CIC, Carvest, Bpifrance and BNP Paribas Developpement | – |
| Softway Medical HealthTech · France | 2009 | 2024 | Trade Sale | SANTORIN PARTICIPATIONS | – |
| Sogelink IT Services · France | 2016 | 2023 | Secondary | CVC Capital Partners | – |
| Solia Consumer · France | 2008 | 2016 | Secondary | UI Investissement | – |
| Standard Design Hotel Hospitality · France | 2008 | 2016 | – | – | – |
| STAR’S Service Business Services · France | 2010 | 2013 | Secondary | Capzanine | – |
| Streamdata.io IT Services · France | 2011 | 2019 | Trade Sale | Axway Software | – |
| Sushi Shop Agriculture · France | 2011 | 2018 | Trade Sale | AMREST SP.ZO.O | – |
| TBR MedTech · France | 2009 | 2017 | – | – | – |
| Technicis Business Services · France | 2015 | 2019 | Secondary | Qualium Investissement | – |
| Thermo Technologies IT Services · France | 2013 | 2017 | Trade Sale | MONTJOIE CONSEIL | – |
| Thermocompact Industrials · France | 2016 | 2017 | Trade Sale | Edify (Despature family, via Montjoie Conseil) | – |
| Trustteam IT Services · France | 2014 | 2018 | Secondary | Ardian | – |
| Uniware IT Services · France | 2016 | 2020 | Trade Sale | Alten SA | – |
| Vebio Healthcare · France | 2010 | 2021 | Trade Sale | Inovie | – |
| Wooxo IT Services · France | 2013 | 2019 | Secondary | KICK START MANAGEMENT | – |
| YOU – Charles Rema Consumer · France | 2007 | 2014 | – | – | – |
| You Industrie (cuisines) Consumer · France | 2007 | 2014 | – | – | – |
Other portfolio companies
3 more Naxicap Partners investments not tied to a tracked fund.
- Eurêka Education · Education · France · 2020
- Flatlooker · PropTech · France · 2024
- Focal · Consumer · France · 2018
About Naxicap Partners
Naxicap Partners is a French mid-cap private equity firm with €7.9 billion of assets under management as of December 2024, headquartered in Paris with regional offices in Nantes, Lyon and Toulouse plus international presence in Frankfurt and Madrid. The firm is the leveraged buyout subsidiary of Natixis Investment Managers within the broader Groupe BPCE financial group, providing institutional capital alignment with one of France's largest banking groups. The platform deploys across successive flagship vintage funds with a track record spanning two decades of French mid-market activity.
Investment thesis
Naxicap targets French and selectively European mid-cap LBO transactions with equity tickets ranging from €20 million to €200 million per transaction, focusing on profitable companies with strong management teams and scale-up potential through bolt-on M&A or geographic expansion. Sector focus spans Business Services, Industrials, Healthcare, IT Services, Real Estate and Software, with deep regional French networks supporting deal origination across primary and secondary markets. The long-tenure French investment team and Natixis Group affiliation provide institutional stability and relationship-based deal sourcing across the platform's vintages.
Recent activity
Recent realised exits include ASTORIA FINANCE (business services, 2026), ADDEV GROUP (software, 2025), BVA (business services, 2025), ECF GROUP (business services, 2025), GROUPE NCA (software, 2025) and OASYS & COMPAGNIE (software, 2025), reflecting strong 2025-2026 distribution momentum across the platform. Naxicap tracks 4 funds, 71 active portfolio companies and 147 realised exits, reflecting the high deal frequency and long track record of the French mid-cap LBO franchise.
Portfolio platforms backed by Naxicap Partners made 52 researched add-on acquisitions during its ownership.
Frequently asked questions
- How many portfolio companies does Naxicap Partners have?
- Naxicap Partners has 82 active portfolio companies and 148 completed exits and 4 funds tracked on GP Intel.
- Where is Naxicap Partners headquartered?
- Naxicap Partners is headquartered in Paris, France.
- What is Naxicap Partners's assets under management?
- Naxicap Partners manages approximately €8.3B in assets under management.
- What are Naxicap Partners's recent exits?
- Recent realized exits by Naxicap Partners include: ASTORIA FINANCE (2026) to Carac; GROUPE ASTORIA (2026) to Carac; ADDEV GROUP (2025) to PETRUS CONSEIL; Secure-IC (2025) to Cadence Design Systems; XPAGE GROUP (2025) to IPSOS (FRANCE); BVA (2025) to Ipsos; ECF GROUP (2025) to PAI Partners; Demarne (2024) to Romain Demarne family + Unigrains.
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Last updated August 2026 · Sourced from public filings · Report an issue