French private equity firm iXO Private Equity has closed its fourth fund at 200 million euros. iXO 4 will focus on small and midcap companies in southern France, making investments between 5 million euros and 20 million euros.
iXO Private Equity, the leading regional private equity player, announces today the final closing of iXO 4 at € 200 million, surpassing its initial target. This fundraising carried out in 7 months is a new record for iXO Private Equity and brings the total amount of assets under management at € 700 million. iXO 4 is dedicated to small and midcap companies through growth and buyout transactions, exclusively based in the Great South of France, for investments ranging in size from € 5 to € 20 million.
Bruno de Cambiaire, Chairman of iXO Private Equity, said: “This fundraising and the renewed confidence of our institutional and private investors validate our positioning and investment strategy built on a local approach and a constant presence and involvement on the ground. As fund managers, our territorial integration and our sense of commitment give us the opportunity to act as true partners able to actively support our portfolio company management teams on all kind of issues. It is a strength that allows us to generate loyalty of our historical investors, convince new ones, and build remarkable entrepreneurial success stories.”
€ 200 million to support the development of small and midcap companies in the Great South of France
iXO 4 will invest € 200 million into companies located in the Great South of France to accelerate their growth and support their development.
Support the growth and transmission of ambitious companies
The Fund is targeting companies with a turnover ranging from € 20 to € 200 million, operating in niche markets with an international dimension. iXO 4 will finance, alone or through co-investments, the organic and external growth of companies, or prepare their transmission, for amounts between € 5 and € 20 million.
A strong proximity in terms of operational and pragmatic support, the key to success Strongly rooted within their target regions and very attached to this uniqueness, iXO Private Equity teams are involved in the development of the companies they support and build trust relationships with their managers. A 20-year-long track-record built with the same team, has generated a powerful network and a solid experience, creating value and success.
“Ambition, commitment, proximity and trust are values that we carry. Beyond the financing, we are involved very concretely alongside companies and their managers, who are too often isolated in front of the strategic decisions they have to make. Our role is to listen, help, and make them benefit from our privileged contacts and experience, since in 20 years we have supported more than 120 companies in many different sectors,” said Olivier Athanase, CEO of iXO Private Equity.
1 Great South of France : Nouvelle Aquitaine, Midi-Pyrénées, Auvergne-Rhône-Alpes, Languedoc Rousillon and Provence-Alpes-Côte d’Azur regions.
A fundraising driven by a history of successes in iXO Private Equity’s target regions
This proven method allows iXO Private Equity to participate in the construction of great French success stories and to offer its investors strong performance over time.
This strategy also explains the steady growth of funds raised by iXO Private Equity. iXO’4 has reached its hard cap set at € 200 million in just 7 months.
Among the main investors in the Fund are historical partners such as Bpifrance, SWEN Capital Partners, CNP Assurance or Amundi, and new investors such as the EIF or AVIVA.
For Jean-Philippe Richaud, Managing Director at SWEN Capital Partners, a leading player in responsible investment : “It is with great enthusiasm that we renew our confidence alongside the iXO Private Equity team, which has been demonstrating for many years its ability to support regional companies, with a financing offer particularly adapted to the local and specific features of those companies and a remarkable ESG approach, a quality mark of the team members and managers of those companies.”
About iXO Private Equity
Founded in 2003, iXO Private Equity is the leading independent regional private-equity player in France.
With assets under management of more than € 700 million, the management company mainly invests in growth capital and transmissions operations. iXO Private Equity invests from € 2 to € 20 million in SMEs based in the Great South of France. Strongly anchored in the heart of these territories, its stable team is made up of 20 people, including 14 investment professionals with complementary skills and experience, among which 4 investment partners dedicated to the different regions covered by iXO Private Equity: Olivier Athanase (Nouvelle Aquitaine), Nicolas Charleux (Provence-Alpes-Côtes d’Azur), Jean-Luc Rivière (Occitanie) and Alexandre Sagon (Auvergne-Rhône Alpes).