Ixo injects €4m into JVgroup

The group's founder retains an interest in the group. With the fresh capital, the company will look to continue its expansion, aiming to raise its current €20m turnover to €50m in the near future.

In January 2015, Ixo held a final close on its latest venture fund Ixo 3 on €150m, ahead of its €120m target. Ixo 3 invests €3.5-15m in companies based primarily in the south of France, with current investments including Olly Gan, Groupe Poult, Ceva Sante Animale and Groupe MDA. 

Company
Founded in 2010 and based in Bordeaux, JVgroup specialises in precision machining of mechanical and composite parts and subsystems in the aerospace and defence fields. It offers services such as designing, machining, sheet metal manufacturing, assembling and surface treatment.

The company has four manufacturing offices across France and an extra office in Kraków, Poland.

People
Ixo Private Equity – Olivier Athanase (general partner); Nicolas Olivès (associate).

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• Topics
• Expansion
• France
• Industrials
• France
• iXO Private Equity
• Venture