Ixo PE closes fourth fund on €200m

The vehicle, launched in May, surpassed its €150m initial target. Its predecessor, Ixo 3, closed on €150m in 2015. 

Axonia Partners acted as sole placement agent, Unquote understands.  

Investors
Historical partners such as BPI France, Swen Capital Partners, CNP Assurance and Amundi, as well as new investors such as the European Investment Fund and Aviva, committed to the vehicle. 

Investors have a stronger concentration in France than initially expected, primarily due to the speed of the fundraising, a spokesperson for Ixo told Unquote. 

Investments
Ixo 4 backs small and medium-sized companies with turnovers in the €20-200m range, through growth and buyout transactions. Businesses will be based in the "Great South" region of France, which include the following areas: Nouvelle Aquitaine, Midi-Pyrénées, Auvergne-Rhône-Alpes, Languedoc Rousillon and Provence-Alpes-Côte d’Azur.

The vehicle will provide equity tickets in the €5-20m range.

People
Ixo Private Equity – Bruno de Cambiaire (chairman); Olivier Athanase (CEO).

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• Topics
• Funds
• France
• Buyout
• iXO Private Equity
• France