For more than 30 years, we have been a trusted partner to ambitious companies across France and Western Europe, investing as a majority shareholder to provide the capital, expertise and long-term partnership needed to support management teams through every stage of growth.
About Us
Introduction
Naxicap Partners is one of the leading Small and Mid-Cap Private Equity firms in France, specialized in leveraged buyout operations.
Our approach has been to invest in ambitious companies across France and Western Europe, acquiring majority stakes to support their growth. We have evolved from a sector-agnostic, minority growth capital strategy to a sector-focused, majority buyout strategy.
Key figures
€8.3bn
AuM as of June 2026
Our investors
13%
Own behalf
(BPCE Group)
(BPCE Group)
87%
Insurers, Pension Funds,
Funds of Funds and others
Funds of Funds and others
6 offices located across
France, Germany, and Switzerland:
Paris
Lyon
Nantes
Toulouse
Frankfurt
Zürich
100+
employees including
60 investment professionals
€7.7bn
invested since 2012
57 portfolio companies as of June 2026
Our History
1991
Creation of the management company (SPEF Development), as a subsidiary of the Banques Populaires Group.
1999
Became part of Natixis’ Private Equity business following the acquisition of the BP Group by Natixis.
2002
Opening of two offices: Lyon and Toulouse.
2005
Management company renamed Naxicap Partners and implementation of a strategy to invest in buyout opportunities, in addition to growth capital.
2006
Opening of the Nantes office.
2009
Naxicap was incorporated into Natixis’ Investment Solutions (Natixis IM).
2010
Acquisition of Actem Partners.
2012
Acquisition of AtriA Capital Partenaires.
Shift to a third-party strategy and primarily towards control buyout investments.
Shift to a third-party strategy and primarily towards control buyout investments.
2017
Launch of NIO I Fund.
2018
Opening of the Frankfurt office.
2019
Launch of NIO II Fund.
2022
Opening of the Zurich office.
Relaunch of a Small Caps strategy with the acquisitions of Alliance Entreprendre and Bee Up Capital.
Relaunch of a Small Caps strategy with the acquisitions of Alliance Entreprendre and Bee Up Capital.
2023
Launch of NIO III Fund.
Our Values & Key Differentiators
01
Deep sourcing capabilities
We benefit from a strong regional presence across Europe, with four offices in France and two in the DACH region. Over more than 30 years in the European market, we have built and consolidated a deep network across the private equity ecosystem, becoming a well-established and trusted player. This long-standing local footprint has proven instrumental in our sourcing and deployment capabilities.
02
Long-term Partnership
Long-term partnership is at the core of our approach. We combine primary funds and dedicated investment vehicles to provide additional capital that supports and accelerates the development of our portfolio companies, while offering customized investment solutions to our investors.
03
Proven Track Record
We have a proven track record of transforming small companies into market leaders. Through our platform, we provide resources, expertise, and strategic support that help businesses scale — turning SMEs into mid-cap and upper mid-cap companies, and local players into regional or international leaders.
04
Shaping resilience
Since 2015, ESG has been embedded in our investment strategy, a commitment recognized by several of our LPs, who rank us among the leading ESG players*. As an investor, we believe our role goes beyond financing: it is to help companies transform, anticipate tomorrow’s risks, build more resilient models, and shape solutions to rising environmental and social challenges. To us, ESG is a catalyst — for innovation, value creation, and lasting competitive advantage.
* Naxicap was rated above a benchmark of peers by a major LP in 2025 for the fourth consecutive year, and “Advanced” by another in 2025 (best performing level on a four-level rating scale).