What investment strategy does NiXEN focus on?

NiXEN focuses on Buyout strategies in the private equity space.

How many portfolio companies does NiXEN have?

NiXEN has 14 active portfolio companies and 23 completed exits and 2 funds tracked on GP Intel.

Where is NiXEN headquartered?

NiXEN is headquartered in PARIS, France.

What is NiXEN's assets under management?

NiXEN manages approximately €600M in assets under management.

What sectors does NiXEN invest in?

NiXEN invests across Consumer, Healthcare, Business Services, Energy.

What are NiXEN's recent exits?

Recent realized exits by NiXEN include: Les Petits Culottés (2025) to Quilvest Capital Partners; Magellan Partners (2025) to ICG; Carré Blanc (2022) to Substrador Renting; Vulcain (2019) to Equistone Partners; Weave (2018) to Onepoint; Babeau Seguin (2018) to Ardian; Buffalo Grill (2018) to TDR Capital; Labco (2015) to Cinven.

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NiXEN

PARIS, France·Founded 2000·

Buyout

·nixen.com

NiXEN Partners is an independent French private equity firm specializing in majority buyout transactions and development investments in mid-market companies. Founded in 2005 and spun off from Natixis Private Equity in 2010, it manages over €600 million in assets and supports SMEs with flexible equity solutions.

AUM

€600M

Funds

vintages 2005–2012

Portfolio

Exits

NiXEN is a PARIS buyout firm with €600M AUM, 14 active companies and 23 exits.

SectorsConsumer Healthcare Business Services Energy

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 23 realized deals: 6 years.

Sector breakdown

37 companies

Consumer

7 · 19%

Industrials

6 · 16%

Pharma

4 · 11%

Business Services

4 · 11%

Hospitality

4 · 11%

Healthcare

2 · 5%

MedTech

2 · 5%

Financials

1 · 3%

Geography breakdown

3 geographies

France

34 · 92%

Spain

2 · 5%

South Korea

1 · 3%

Key facts

HQPARIS, France

Founded2000

Websitenixen.com

Recent exits

NiXEN sold Les Petits Culottés to Quilvest Capital Partners in 2025 after 3 years.

NiXEN sold Magellan Partners to ICG in 2025 after 7 years.

NiXEN sold Carré Blanc to Substrador Renting in 2022 after 9 years.

NiXEN exited Unither in 2019 after 5 years.

Coverage notes

2 funds tracked, 37 portfolio companies (14 active · 23 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

NiXEN IIdivesting

Buyout2012€350M14 assets5 exits

Buyout

2012 · 14yr

€350M

Unrealized

14 held

Company	Entry
2CGroup Financials · France	2019
AlMa Fintech · France	2018
Ceva Pharma · France	2025
Connexta Business Services · France	2024
EDG Consumer · France	2020
HT Médica Healthcare · Spain	2023
Jeisys HealthTech · South Korea	2023
Karavel Group Hospitality · France	2025
Lynxeo Industrials · France	2024
Novetio Industrials · France	2022
Palex MedTech · Spain	2024
Signalsoft Software · France	2019
Systra Mobility · France	2024
Unither Pharma · France	2022

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
Les Petits Culottés Consumer · France	2022	2025	Secondary	Quilvest Capital Partners	–
Magellan Partners IT Services · France	2018	2025	Secondary	ICG	–
Unither Pharma · France	2014	2019	Trade Sale	–	–
Vulcain Business Services · France	2014	2019	Secondary	Equistone Partners	–
Weave Business Services · France	2014	2018	Trade Sale	Onepoint	–

NiXEN Idivesting

Buyout2005€250M0 assets18 exits

Buyout

2005 · 21yr

€250M

Realized

18 exits

Company	Entry	Exit	Type	Buyer	MOIC
Aerocan Industrials · France	2003	2008	Secondary	Barclays Private Equity	–
Babeau Seguin Consumer · France	2011	2018	Secondary	Ardian	–
Buffalo Grill Hospitality · France	2008	2018	Secondary	TDR Capital	–
BVA Business Services · France	2007	2010	MBO	Management with Capzanine	–
Carré Blanc Consumer · France	2013	2022	Trade Sale	Substrador Renting	–
Ceva Pharma · France	2007	2014	Secondary	Management and employees with Temasek and CDH Investments	–
CTM Style Consumer · France	2008	2014	Trade Sale	Groupe Dodo	–
Gerflor Construction · France	2006	2011	Secondary	Intermediate Capital Group	–
Karavel Hospitality · France	2007	2011	Secondary	LBO France	–
La Grande Récré Consumer · France	2008	2014	Trade Sale	Jean-Michel Grunberg / Financière Immobilière Bordelaise	–
Labco MedTech · France	2008	2015	Secondary	Cinven	–
Maisons du Monde Consumer · France	2008	2013	Secondary	Bain Capital	–
Malherbe Logistics · France	2008	2013	MBO	Management with Siparex and NCI	–
Newrest Hospitality · France	2010	2014	MBO	Management and employees	–
Plastisud Industrials · France	2004	2010	MBO	Buzzo family and management	–
Saverglass Industrials · France	2007	2011	Secondary	Astorg Partners	–
Titanobel Industrials · France	2010	2015	Secondary	LFPI	–
Vedici Healthcare · France	2009	2014	Secondary	CVC Capital Partners	–

About NiXEN

NiXEN Partners is an independent French private equity firm specialising in majority buyout transactions and development investments in mid-market companies, with €600 million of assets under management. Founded in 2005 and spun off from Natixis, NiXEN operates as a partner-owned independent platform with a multi-decade French mid-market track record.

Investment thesis

NiXEN targets French and selectively European mid-cap LBO and development capital transactions, deploying equity tickets typically ranging from €15 million to €60 million per transaction across majority and significant minority equity positions. Sector focus spans Business Services and selectively other French mid-market verticals, with the firm emphasising operational value creation and management team partnership across the holding period.

Recent activity

Recent realised exits include Weave (business services, 2024), reflecting selective distribution activity across the business services portfolio. The platform tracks 2 funds, 15 active portfolio companies and 16 realised exits across the multi-vintage French mid-cap track record.

Frequently asked questions

What investment strategy does NiXEN focus on?: NiXEN focuses on Buyout strategies in the private equity space.
How many portfolio companies does NiXEN have?: NiXEN has 14 active portfolio companies and 23 completed exits and 2 funds tracked on GP Intel.
Where is NiXEN headquartered?: NiXEN is headquartered in PARIS, France.
What is NiXEN's assets under management?: NiXEN manages approximately €600M in assets under management.
When was NiXEN founded?: NiXEN was founded in 2000.
What sectors does NiXEN invest in?: NiXEN invests across Consumer, Healthcare, Business Services, Energy.
What are NiXEN's recent exits?: Recent realized exits by NiXEN include: Les Petits Culottés (2025) to Quilvest Capital Partners; Magellan Partners (2025) to ICG; Carré Blanc (2022) to Substrador Renting; Vulcain (2019) to Equistone Partners; Weave (2018) to Onepoint; Babeau Seguin (2018) to Ardian; Buffalo Grill (2018) to TDR Capital; Labco (2015) to Cinven.