MBO+

What MBO+ does

MBO+ is an independent French private equity management company founded in 2002 and headquartered in Paris (7 rue Copernic, 75116), authorized by the Autorité des Marchés Financiers under registration GP 02 015. The firm invests alongside managers and entrepreneurs in French SMEs and mid-cap companies valued between €20M and €200M, structuring its activity around three complementary strategies: MBO Buyout (majority LBO stakes, €10M–€45M tickets in companies valued €20M–€150M), MBO Buy & Build (a €190M fund backing pan-European acquisition platforms such as Caddenz and Osmaïa), and MBO Flex (a flexible-capital strategy launched in July 2024 with a nearly €100M first close, covering minority capital, organic growth and shareholder restructuring). MBO+ maintains a portfolio of approximately 24 companies across healthcare, technology, hospitality, engineering, construction, logistics, education, biotech, wealth management, consulting, genealogy and green spaces, and pursues ESG alignment through UN PRI, UN Global Compact, Initiative Climat International and France Invest gender-parity signatory status.

The business model is that of a classic mid-market PE manager: recurring management fees charged on committed or invested AUM across its funds, supplemented by event-driven carried interest on successful exits. The firm operates through direct origination networks with investment-bank intermediaries and repeat management teams, and regularly co-invests alongside partners such as BNP Paribas Développement, L-GAM, InnovaFonds, Ouest Croissance and Sofival. Governance has been substantially restructured: in April 2025, founding partners Eric Dejoie (now Supervisory Board Chairman) and Richard Broche (departed) transferred 80% of the capital to employees, with Ofi Invest retaining a 20% minority stake. Xavier de Prévoisin (ex-3i Director/Partner) leads as CEO, supported by Managing Directors Pauline Cornu-Thenard and Olivier Delrieu. MBO+ employs 30+ investment professionals drawn from 3i, Eurazeo, Goldman Sachs, Lazard, Mirova, Apera, Houlihan Lokey, PwC and other tier-one institutions, giving the firm execution capacity across buyout, flex/minority, ESG and international development mandates.

Name

MBO+

Legal name

MBO+

Website

https://mbo.plus

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

MBO+ is an independent, AMF-authorized French private equity manager founded in 2002 that invests €10M–€45M tickets across three strategies (Buyout, Buy & Build, Flex) in French SMEs and mid-cap companies valued €20M–€200M, now 80% employee-owned with Ofi Invest retaining 20%.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Management Buyout / Management Buy-In (MBO/MBI) (FSANABAL)

akta.pro secondary industry

Management Buyouts (MBO/MBI) & Sponsor-Led Transactions Advisory (FSAEAGAI)

Keywords

• Private equity investing
• Lower mid-cap buyouts
• Management buyout transactions
• Buy and build strategy
• Flexible capital solutions

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: MBO+ generates revenue through management fees charged on funds under management, typical for private equity asset management firms.
2. Carried Interest: Performance-based carried interest from successful investment exits, a standard private equity revenue model.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

MBO+ is an independent private equity management company that invests in French SMEs and mid-cap companies (valued €20M–€200M) through three strategies: Buyout (majority LBO stakes of €10M–€45M), Buy & Build (€190M fund supporting pan-European expansion), and Flex (flexible capital solutions for organic growth, acquisitions, or shareholder restructuring). Founded in 2002 and headquartered in Paris, MBO+ provides both financial capital and strategic/operational support to managers and entrepreneurs.

Product overview

MBO+ is an independent private equity management company founded in 2002, specializing in investment in French SMEs and mid-cap companies valued between €20M and €200M. The company operates through three distinct investment strategies: MBO Buyout (historical flagship strategy for majority LBO investments in €20M-€150M companies with €10M-€45M ticket sizes), MBO Flex (flexible capital solutions launched July 2024 for organic growth, acquisitions, and shareholder restructuring), and MBO Buy & Build (€190M fund supporting high-potential companies Caddenz and Osmaïa in pan-European expansion). MBO+ maintains a portfolio of 24 companies across diverse sectors including healthcare (Praxedo, Dentylis, Evesio, LEN Médical), technology (Klee Group, SYXPERIANE), hospitality/tourism (Dayuse, Groupe Néocamp), engineering (HPS International, Groupe Bage), construction (Caddenz, Salini Immobilier), logistics (Logtrans), education (IEF2I), biotech (Groupe Icare), wealth management (Norman K), consulting (Digital Native Group), genealogy (ADD Associés), and green spaces (Osmaïa). The firm completed a management transition in April 2025 transferring 80% ownership to employees.

Differentiator

Problem solved

Functional benefit

Brands

• MBO Buyout: Historical investment strategy supporting French SMEs in high-value LBO transactions with majority stakes in businesses valued €20M-€150M.
• MBO Flex
• MBO Buy & Build

Products and services

• MBO Buyout MBO+ flagship investment strategy supporting French SMEs and mid-cap companies in high-value LBO transactions. Takes majority stakes in businesses valued between €20M and €150M, providing financial and strategic resources to accelerate growth. Ticket size: €10M to €45M (or more with co-investors).
• MBO Flex Flexible capital solutions launched in July 2024 for French companies valued between €20M and €200M with plans for organic growth, acquisitions, or shareholder restructuring. Provides tailored solutions while maintaining governance structure. Nearly €100M initial closing.
• MBO Buy & Build Fund of €190M designed to support high-potential companies (Caddenz and Osmaïa) combining growth and strategic differentiation. Provides additional capital for value creation across Europe through acquisition strategies and multi-country agency deployment.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• McDermottsupportingOthers · 2 August 2024McDermott served as legal advisor to MBO+ on its acquisition of HPS INTERNATIONAL, announced August 2, 2024 in Paris.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Ardian: Global private investment house with significant French mid-market buyout activity. Overlaps with MBO+ on majority investments in French SMEs and ETIs but at much larger fund size and broader geographic scope.
• Eurazeo: Major French private equity firm with a dedicated small-mid buyout team where MBO+ Flex partner Paul Vaissié previously worked. Competes for the same French mid-cap LBO opportunity set but operates at substantially larger fund scale and broader sector mandate.
• 3i Group: UK-listed PE firm with strong European mid-market practice; MBO+ CEO Xavier de Prêvoisin spent 16 years there and multiple other team members came from 3i. Competes broadly in the same lower mid-cap buyout segment across Europe.

Direct peers

• L-GAM: European mid-cap PE firm that co-invested with MBO Flex on ADD Associés. Pursues similar French/Western European LBO and minority transactions in the lower mid-cap segment.
• Andera Partners: French-focused mid-market PE firm with sponsor-led MBO/MBI capabilities. Directly comparable to MBO+ on ticket size and French SME/ETI focus; competes for the same management buyout deal flow.
• BNP Paribas Développement: Minority growth capital arm of BNP Paribas that co-invested with MBO+ in ADD Associés. Targets the same French SME segment with similar flexible capital solutions and frequently co-invests as a minority partner.
• Crédit Mutuel Equity: French lower mid-market PE arm of Crédit Mutuel, employing four years of buyout director Chloé Miller prior to MBO+. Direct competitor for French tech-enabled SME LBO transactions.
• Initiative & Finance: Historic French lower mid-cap PE firm where MBO+ founders Eric Dejoie and Richard Broche previously worked. Targets similar SME/mid-cap French LBO transactions and is the most direct comparable on strategy, ticket size and geography.
• Alpha Private Equity: Pan-European mid-market fund where MBO Flex partner Paul Vaissié began his career. Targets similar European SME buyout and buy-and-build transactions with comparable ticket sizes.
• Trocadero Capital Partners: French mid-market PE firm where MBO Flex director Marine Cuadra previously worked. Targets similar French and European SME/mid-cap companies with comparable ticket sizes and structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mboandco

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MBO+