Niculas Olives
Director
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- Full Name
- Nicolas Olivès
- Title
- Directeur de Participations (Director of Investments)
- Firm
- iXO Private Equity
- Firm Type
- Private equity / capital investment firm (LBO, growth/development capital, transmission)
- Investment Stage
- Growth capital, buyouts (LBO/OBO/MBO) and transmission of SMEs and mid-market companies; also minority venture-style stakes in scale-ups
- Check Size
- €2–30 million in equity (firm-level ticket range)
- Target Company Profile
- Established French SMEs and mid-market companies (ETI), in both minority and majority positions
- Sector Focus
- Sector-agnostic across manufacturing/industry, software, consumer goods, medical devices and mobility
- Geographic Focus
- France — the "Grand Sud" (South-West and South-East), Auvergne-Rhône-Alpes, and Brittany / Pays de la Loire
- Location
- Toulouse, France (34 Rue de Metz, 31000 Toulouse)
Background
Nicolas Olivès is a Director of Investments (Directeur de Participations) at iXO Private Equity, an independent, management-owned private equity firm headquartered in Toulouse with additional offices in Bordeaux, Marseille, Lyon and Nantes. He was educated at ESC Toulouse (Toulouse Business School) and holds a specialized Master's in Finance (Mastère Finance) from ESCP-EAP. Before moving into private equity he built experience in mergers and acquisitions (M&A).
He joined iXO Private Equity in 2008 and has since become one of the firm's senior investment professionals, sourcing, executing and following portfolio companies as a board-level partner. iXO is regulated by the French Autorité des Marchés Financiers (AMF, approved as a portfolio management company since 2003) and today manages on the order of €1 billion in assets, with a team of roughly 18 professional investors.
The firm's core activity is backing established SMEs and mid-market companies in the south of France and adjacent regions through leveraged buyouts, growth capital, and succession/transmission financing, typically with equity tickets of €2–30 million. Over its history iXO reports around 300 transactions and some €750 million invested, with a portfolio of roughly 70 companies. Within that platform, Olivès manages a diversified set of holdings spanning industrial, software, consumer and mobility businesses.
Investment Thesis & Focus
> Note: The original stub classified him as an "angel investor" backing "seed rounds." Verified sources show he is instead a private equity director at iXO investing institutional fund capital in SMEs and mid-market companies — not an individual angel writing seed checks.
- Invests through iXO Private Equity in established, revenue-generating French SMEs and mid-market companies rather than early-stage startups — the firm targets equity tickets of roughly €2–30 million.
- Deal types include LBO/OBO/MBO buyouts, growth (development) capital, and transmission/succession financing, taken as either minority or majority stakes.
- Sector-agnostic: his managed portfolio spans medical devices (Syst'am), CAD/CAM software (Missler/TopSolid), consumer and retail (Groupe Lagarrigue, Mont Roucous), and green mobility (Yescapa, VUF Bikes).
- Strong regional anchoring in the "Grand Sud," Auvergne-Rhône-Alpes and western France; iXO positions itself as a long-term, hands-on partner supporting operational development and growth of regional champions.
Notable Investments
- Yescapa — peer-to-peer rental platform (marketplace) for camper vans, motorhomes and converted vans; iXO holds a minority stake.
- VUF Bikes — designer and assembler of cargo/utility bikes and related equipment for professional clients (~€4M revenue in 2023); iXO minority stake.
- Syst'am (Groupe Syst'am) — medical devices, notably anti-bedsore/pressure-ulcer prevention products.
- Missler Software — publisher of TopSolid integrated CAD/CAM software for manufacturing.
- Groupe Lagarrigue — jewelry retail group.
- Mont Roucous — natural low-mineral spring water brand.
- Nehia Group, Optimum, Synneo — additional holdings across services and industry.
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