Naxicap Partners

Naxicap Partners is a private equity firm, affiliated with Natixis Investment Managers, that mainly buys majority stakes in mid-sized and smaller companies. It is active chiefly in France, with about a quarter of its investments in Benelux, Germany and Spain. The company has existed in its present form since 2002.

What Naxicap Partners does

• Mid-cap investments: a dedicated mid-caps team invests in larger companies and later sells its stakes.
• Small-cap investments: a small-caps team focuses on leveraged buyouts of smaller businesses, and added the LBO specialist Bee Up Capital.
• Growth capital heritage: began as a minority growth capital investor; majority buyouts now form most of its activity.
• Build-up strategies: favours growth companies and projects with a significant build-up element.

Customers and markets

The firm looks for profitable companies, mostly business-to-business, with stable and easily understood business models. It uses debt in a balanced way and backs management teams with a long-term view. Portfolio names include House of HR, Newrest, Sogelink and Softway Medical.

Key facts

• Main market: France
• Structure: Affiliate of Natixis Investment Managers
• Established: 2002 in its current form
• Other regions: Benelux, Germany, Spain