Xenon Private Equity is a private equity firm specializing in leveraged buyouts, lower mid-market buyouts, add-on acquisitions, and replacement and growth capital investments. The firm prefers to invest in B2B component and system manufacturing, outsourced industrial services, healthcare products, non-asset based logistics, consumer products, business services, and technology. It generally seeks to invest up to €20 million and can invest up to EUR40 million of equity through a co-investment arrangement with its limited partners in transactions valued between €15 million and €60 million ($74.10 million). The firm also seeks to invest up to €40 million along with co-investments with limited partners. It does not participate in auctions.