Small Cap Buyout

Through the Hexagone and Small Caps Opportunities funds, LBO France invests as the majority shareholder in dynamic French companies with an enterprise value of less than €100 million. LBO France provides the firms with the skills and financial resources needed to expand, whether by organic growth, operational optimisation or build-ups.

LBO France received the 2017 Silver award of Private Equity Exchange & Awards for the category Best French Mid & Upper Mid-Market LBO Fund.
  • €195 million of capital under management
  • 32 deals since 2003

LBO France and a group of entrepreneurs acquire French skin care brand Payot from Puig


LBO France, via its Hexagone III fund, today announced the acquisition of an 80% stake in Payot, a French cosmetics and skin care laboratory, alongside a new management team led by Andrea Surliuga, a successful Italian entrepreneur with 20+ years experience in the professional products industry.

Present in over 50 countries, Payot is truly a brand with an international vocation. Beyond strong financial backing, LBO France will support Payot’s management in leveraging the potential of their unique niche positioning on a global scale.

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