iXO Private Equity closes €200 million fund to finance companies in the South of France 

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Toulouse-based iXO Private Equity has announced the final closing of iXO 4 at €200 million, surpassing its initial target. This closing is a new record for iXO Private Equity, bringing its total amount of assets under management to €700 million. iXO 4 is dedicated to small and midsize companies, exclusively based in the South of France, for investments ranging in size from €5 to €20 million.

iXO Private Equity has supported over 120 companies since it was founded in 2003, from a variety of sectors including tech and biotech, with portfolio companies such as Sigfox and Azursoft. The new fund is targeting companies with a turnover ranging from €20 to €200 million that operate in niche markets with an international dimension. Strongly rooted within their target regions, iXO Private Equity teams are involved in the development of the companies they support.

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.”

Olivier Athanase, CEO of iXO Private Equity, said: “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.”

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 and AVIVA.

Jean-Philippe Richaud, Managing Director at SWEN Capital Partners, said: “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.”