South of France-based investor iXO Private Equity closed its third fund at €150m.
Limited partners include fund-of-funds, insurance companies, pension funds, banks and family offices.
iXO focuses on backing companies in niche markets with high growth potential and significant exposure to international markets across sectors.
It supports the growth stages, external acquisitions or transmissions of those companies.
Since inception, the firm has already invested in five companies for a total of € 35m including:
men’s clothing (Olly Gan),
sweet biscuits (Groupe Poult),
animal health (Ceva Santé Animale),
mineral water (Mont de Lacaune), and
discount household electronics distribution (MDA).