What Naxicap Partners SA does

Naxicap Partners SA is a Paris-headquartered private equity firm affiliated with Natixis Investment Managers that specializes in financing French SMEs and mid-cap companies (PME and ETI). Founded in 2002 and operating as a Société Anonyme à Directoire et Conseil de Surveillance regulated by the Autorité des Marchés Financiers, the firm executes primarily majority leveraged buyouts (over 80% of interventions) alongside development-capital and build-up transactions. Éric Aveillan serves as President of the Management Board, with Fabien Filliette as COO. The portfolio spans real estate services, consumer goods, healthcare, technology and IT services, agriculture/food, and business services, with named holdings including House of HR, Newrest, Sogelink, Softway Medical, HTL, Colisée, Emerige, Quartus, IAD, Onduline and Mader.

The firm distributes its capital through three product tiers: Innovation & Croissance (financing up to €5 million for innovative growth companies), Small Caps (€5-30 million for buyout transactions), and Mid Caps (over €30 million, representing the majority of its LBO majoritaire activity), with disclosed tickets ranging from €10 million to €150 million for initial investments. The third-generation mid-cap fund, Naxicap Investment Opportunities III (NIO III), reached final closing in May 2026. Additional fundraising coverage is delivered through a dedicated 13-person Investor Relations team and a Frankfurt office serving DACH-region LPs; approximately 75% of investments are made in France, with the remaining 25% in Benelux, Germany and Spain. In 2022, Naxicap merged with Alliance Entreprendre and integrated Bee Up Capital, both Natixis-affiliated, broadening small-cap coverage.

Revenue is generated through management fees on assets under management and carried interest on fund investments; specific fee structures are not publicly disclosed. The firm has positioned ESG as a strategic differentiator: it is a Principles for Responsible Investment signatory since January 2016, holds the highest A+ rating on the Strategy & Governance module, complies with SFDR and Article 29 of the French Climate and Energy Law, and operates a dedicated six-person ESG unit. In 2023, 53 portfolio companies were assessed under the ESG framework, with 86% of eligible equity value covered by ESG audits. AUM has multiplied 15-fold over 15 years, and assets are described as growing substantially since the firm's founding.

Name

Naxicap Partners SA

Legal name

Naxicap Partners

Website

https://naxicap.com

Company type

Private

Founded year

2002

Operating status

Operating

Short description

Naxicap Partners SA is a Paris-headquartered private equity firm affiliated with Natixis Investment Managers that invests in French SMEs and mid-cap companies via majority leveraged buyouts, growth capital, and build-up strategies, offering tickets from €5 million to over €150 million.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599), Investment Banking and Securities Intermediation (523150)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)

akta.pro secondary industries

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN), Microenterprise Group Lending (Joint Liability) (FSAKAGAH)

Keywords

• Private equity investment
• Leveraged buyouts
• Growth capital financing
• Mid-cap investment
• SME equity financing

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels2 records

Marketing channels5 records

Core offering

Naxicap Partners is a private equity investment firm specializing in financing French SMEs and mid-cap companies (ETI) through majority leveraged buyouts (LBO) and growth capital. The firm provides equity tickets typically ranging from €5M to €150M+ per transaction, with over 80% of interventions structured as majority LBO. Naxicap also manages pooled investment funds and raises capital from institutional limited partners (LPs).

Product overview

Naxicap Partners SA operates as a private equity firm specializing in financing and investing in French SMEs and mid-sized companies (ETI). The company offers three distinct investment product tiers: Innovation & Croissance (up to €5M for growth companies), Small Caps (€5-30M), and Mid Caps (over €30M). The firm primarily executes majority LBO (Leveraged Buyout) transactions, representing over 80% of interventions, while maintaining a growth capital approach. Naxicap also manages investment funds including Naxicap Investment Opportunities III (NIO III). The firm operates across sectors including real estate services, consumer goods, healthcare, technology/IT services, agriculture/food, and business services.

Differentiator

Problem solved

Functional benefit

Products and services

• Innovation & Croissance Growth capital investment segment providing financing up to €5 million for innovative companies with development potential. Targets ambitious SMEs seeking equity capital to fund organic growth and expansion.
• Small Caps Investment segment targeting small-cap companies with financing ranging from €5 million to €30 million for buyout transactions, including majority LBO and development capital. For SMEs and small-cap companies seeking equity partners.
• Mid Caps Investment segment for mid-sized companies (ETI) with transactions exceeding €30 million, representing the majority of the firm's LBO majoritaire (majority buyout) activities. For established mid-cap companies seeking majority equity partners.
• Naxicap Investment Opportunities III (NIO III) Third-generation mid-cap investment fund offered to institutional investors (LPs) for private equity exposure in the French and broader Western European mid-market. The fund is a pooled investment vehicle managed by Naxicap Partners.

Quantifiable outcome

• Assets under management multiplied by 12 over 15 years (recently updated to 15x)

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.

• PRI (Principles for Responsible Investment)coreStrategic or Co-development Partner · 1 January 2016Signatory since January 2016. Naxicap is committed to monitoring and encouraging responsible actions of portfolio companies, integrating ESG issues into investment analyses and decision-making processes.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Bridgepoint Group: European mid-market private equity firm listed in London with significant French and pan-European mid-market activity. Comparable in mid-market LBO ticket sizes, geography, and sector breadth.
• Eurazeo: Paris-based listed investment firm with significant private equity mid-market activity in France and Europe. Highly comparable in target market (French SMEs/ETIs), investment size, and LBO-led strategy.
• NiXEN Partners: Paris-based independent mid-market private equity firm focused on French SMEs and mid-caps. Comparable in target market, ticket sizes, and majority-LBO approach; cited in Naxicap's own management bios as a relevant French peer.
• CAPZA: Paris-based private equity and private debt firm, also affiliated with Natixis Investment Managers. Directly comparable given shared Natixis IM parentage, French mid-market focus, and co-investment history with Naxicap (e.g., Ital Express/Diederichs deal).
• Astorg: Independent European private equity firm specializing in mid-market buyouts, headquartered in Paris. Directly comparable with French mid-market majority-LBO strategy and similar European sector focus.
• Ardian: One of Europe's largest private investment houses with significant mid-market buyout activity across France and Western Europe. Directly comparable as a European mid-market majority-LBO sponsor with similar ticket sizes and pan-European footprint.
• IK Investment Partners: Nordic-headquartered European mid-market private equity firm with significant activity in France and the DACH region. Comparable as pan-European mid-market LBO sponsor with similar ticket size range.
• Apax Partners: Paris-headquartered private equity firm investing in European mid-market companies across multiple sectors. Closely comparable given French/European mid-market focus and majority-LBO approach.
• LBO France: Paris-headquartered private equity firm focused on French mid-market buyouts and growth capital. Closely comparable given overlapping French SME/ETI focus, similar ticket sizes, and shared LBO majority approach.
• PAI Partners: European mid-market private equity firm headquartered in Paris, focused on majority buyouts across Europe. Directly comparable in mid-market LBO activity, French/European focus, and typical ticket sizes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/naxicap-partners

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Naxicap Partners SA