123 IM and Sigma Gestion have acquired the 60% stake previously owned by France-based sports and entertainment agency, Lagardère Sport & Entertainment.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio