LBO France

LBO France is an independent private equity firm based in Paris, founded in 1985. It specializes in leveraged buyouts in the middle market and small-cap segment, as well as real estate and secondary debt, and it targets investments in French companies or firms with management in France. The firm seeks majority stakes in subsidiaries of larger groups or family-owned businesses across sectors such as energy infrastructure, healthcare, media, retail, real estate, agriculture, and related manufacturing and services. It can invest using equity notes or convertible bonds and pursues a balance of business-to-business and business-to-consumer opportunities. Investments typically aim for exits within three to seven years. LBO France emphasizes active governance, often taking supervisory board seats on portfolio companies.

Franck Abadia

Managing Director, Operating Team

Marie-Astrid Auriol

CFO, Partner and Board Member

Arthur Balland

Investment Director, LBO Small Cap

Xavier Bayrou

Investment Manager, LBO Mid Cap

Vincent Briancon

Partner, Mid Cap

Charles Béal

Investment Manager, LBO Small Cap

Giulio Carminati

Investment Manager, LBO Small Cap

Etienne Colas Ph.D

Senior Managing Director, Operating Team

Simon Couturier

Senior Director, LBO Mid Cap

Roberto D'Angelo

Managing Director, Country Manager

Robert Daussun Ph.D

Executive Chairman

Lucrezia Eruli

Investment Analyst, LBO Small Cap

Emmanuel Fiorentino

Senior Director, LBO Small Cap

Eva Hoël

Managing Director, LBO Mid Cap

Xavier Lefèvre

Managing Director

Neyla Merheb

Investment Director, Venture Digital Health

Franck Noiret

Managing Director, Venture Digital Health

Laura Panquet

Investment Director, Proptech

Matthes Seeling

Director, Venture Digital Health

Melissa Settouf

Investment Manager, LBO Mid Cap

Frédéric Teboul

CFO, Venture Digital Health

Pietro Zerauschek

Managing Director, Energy Infrastructure

Past deals in Paris

Siteflow

Private Equity Round in 2025
Siteflow is a Paris-based company founded in 2017 that specializes in developing cloud-based service management software tailored to the complexities of regulated industries such as nuclear, manufacturing, special works, and oil and gas. Its primary product, Siteflow Builder, facilitates the organization and execution of operations, enabling real-time project tracking and performance assessment. The software aims to enhance daily operations and collaboration among teams while standardizing workflows in environments where traditional tools have remained largely unchanged. Siteflow addresses the challenges of digital transformation by creating user-friendly interfaces and functionalities that streamline tasks for engineers, project managers, and field operators. The company also supports organizations in implementing change management programs to ensure a smooth transition to operational excellence, ultimately enhancing quality and safety standards in complicated industry settings.

Colonies

Series B in 2020
Founded in 2017, Colonies is a Paris-based company offering co-living rental services. It provides furnished private studios and shared spaces in major cities, targeting young professionals seeking convenient, hassle-free housing solutions.

Biomodex

Series A in 2018
Biomodex is a medical technology company headquartered in Paris and Boston that specializes in 3D printing to create tissue-like anatomical models derived from medical images. These anatomically accurate replicas are designed to enhance physician training and patient-specific rehearsal by providing critical tactile feedback. Incorporating biomechanical and imaging properties along with fluid dynamics, Biomodex's technology is seamlessly integrated into imaging and procedural workflows. This innovative approach aims to boost the preparedness and confidence of treating physicians, thereby reducing the likelihood of surgical errors and associated medical costs.

PARISCityVISION

Acquisition in 2008
PARISCityVISION is a prominent leader in tourist transport services in Paris, specializing in providing a variety of travel options for visitors exploring the city and its surroundings. The company offers comprehensive solutions that cater to the needs of tourists, ensuring convenient and accessible transportation for various journeys departing from Paris. With a focus on enhancing the travel experience, PARISCityVISION plays a crucial role in facilitating seamless transportation for those looking to discover the rich cultural and historical offerings of the region.
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