Eurazeo announced the first close of its Eurazeo PME V fund at more than €1 billion in commitments through its Elevate team. The previous PME IV vintage closed at approximately €1 billion in 2022. The company said international investors now account for 60% of total commitments, with participation from a growing number of blue-chip institutional investors worldwide.
The fundraising highlights Eurazeo’s position in the European mid-market buyout sector and its focus on supporting fast-growing Tech & Services companies across Europe. The firm said it aims to help portfolio companies expand internationally, execute operational transformations, and pursue selective buy-and-build strategies.
Eurazeo noted that its Elevate team, which includes around 30 investment professionals based in Paris, London, Madrid, and Munich, focuses on investing in premium and fast-growing mid-market businesses. The team also supports portfolio companies in deploying AI technologies to drive revenue growth, productivity gains, and margin improvements, while helping evolve business models toward value-based and usage-driven monetization.
The fund’s first two investments are in OMMAX and Nextron Systems.
OMMAX, acquired in 2025, is a Munich-based data analytics and AI consultancy serving clients across Europe. Eurazeo said OMMAX has already expanded through the acquisition of Singulier, a French technology, data, and AI consultancy firm, as part of its buy-and-build strategy.
Eurazeo also signed an agreement to acquire a majority stake in Nextron Systems, a German cybersecurity software company that provides threat intelligence and forensic detection products. The company serves more than 550 customers across more than 25 countries.
The Nextron Systems transaction represents Elevate’s fifth investment outside France since 2023 and its second investment in Germany. Eurazeo said PME V is already more than 10% deployed through the two investments and is targeting a portfolio of more than 15 companies.
KEY QUOTE:
“We are honored by the renewed confidence our top-tier LP base has placed in our strategy as demonstrated by this strong first close, already matching the size of our previous vintage. We are also proud to partner with an ever-increasing number of leading international institutional investors in the fund. Today’s announcements reflect solid early deployment, strong underlying portfolio performance and continued progress in the execution of our investment strategy. We are successfully positioning the fund to capture emerging opportunities across Tech and Services in continental Europe, combining diversification with systematic investor exposure to structural growth themes.”
Pierre Meignen, Managing Partner, Head of Elevate, Eurazeo
