Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 14 SOURCES

MBO+

Also known as MBO & Co, MBO Plus

Paris private equity manager (AMF GP 02 015, est. 2002) investing in French SMEs valued €20M–€200M via Buyout (€10M–€45M tickets), Buy & Build (continuation fund) and Flex (minority) strategies.

HEADQUARTERS: Paris, France
FOUNDED: 2002
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 10 people

Focus

STAGES: GrowthBuyout
SECTORS: Software & SaaS HealthTech Industrial & Manufacturing Consumer & E-commerce
ASSET MIX: Private equityDirect investments
GEOGRAPHY: France

Overview

MBO+ is an independent Paris management company that has backed French SMEs and mid-caps since 2002, focusing on companies valued between €20M and €200M. Its platform has three strategies: Buyout (majority LBOs of companies valued €20M–€150M, tickets of €10M–€45M), Buy & Build (a continuation vehicle for Caddenz and Osmaïa) and Flex (minority, low-dilution financing, launched in 2024 after a first close of about €100M). In April 2025 a management buyout left 80% of the firm’s capital with its employees and 20% with historical shareholder Ofi Invest; the firm said it would launch MBO Buyout 6 in 2026. Recent deals include Logtrans (July 2025, via MBO Buyout 5) and SYXPERIANE (June 2025, via MBO Flex).

Investment thesis

Backs managers and entrepreneurs of French SMEs valued €20M–€200M: majority LBOs, buy-and-build platforms with European acquisition plans, and minority Flex financing for organic growth, acquisitions or shareholder reorganisations while preserving governance.

PORTFOLIO (12)

Caddenz (ex-LT Group)NOTABLE
Industrial & Manufacturing
OsmaïaNOTABLE
Logtrans
Mobility & Logistics · since 2025
SYXPERIANE
Software & SaaS · since 2025
Dayuse
Consumer & E-commerce
Klee Group
Software & SaaS
Praxedo
Software & SaaS
HPS International
Dentylis
HealthTech
Groupe IEF2I Education
Education
Digital Native Group (DNG)
ADD Associés

People

Xavier de Prévoisin
CEO · source
Pauline Cornu-Thenard
Managing Director · source
Olivier Delrieu
Managing Director · source
Eric Dejoie
Supervisory Board Chairman · source
Alexandre Chaton
Buyout Partner · source
Raphaël Lahaye
Buyout Partner · source
Charles Dubar
Partner Buyout · source
Franklin Henrot
Flex Partner · source
Paul Vaissié
Flex Partner · source
Géraldine Lanthier
Investor Relations Partner · source

Frequently asked questions

MBO+ is a private equity fund based in Paris, France, founded in 2002.

Yes. MBO+ invests its own capital in private companies.

MBO+ invests at Growth and Buyout stages in Software & SaaS, HealthTech, Industrial & Manufacturing and Consumer & E-commerce.

MBO+'s stated ticket size is €10M–€45M.

Key people at MBO+ include Xavier de Prévoisin (CEO), Pauline Cornu-Thenard (Managing Director), Olivier Delrieu (Managing Director) and Eric Dejoie (Supervisory Board Chairman).

MBO+'s investments include Caddenz (ex-LT Group), Osmaïa, Logtrans, SYXPERIANE, Dayuse, Klee Group, Praxedo and HPS International, among others.

The most recent publicly reported investment by MBO+ is Logtrans (Majority buyout (MBO Buyout 5)), announced in Jul 2025.

Yes. MBO+ manages capital from outside investors.