# UNEXO

UNEXO is a Private Equity based in Rennes, France.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Rennes, France
- **Region:** Europe
- **Address:** Rennes, France
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** www.unexo.fr
- **LinkedIn:** https://www.linkedin.com/company/unexo

## Regulatory record

- **Reports private funds:** No

## About

UNEXO is the private equity subsidiary of nine regional banks in western France. It operates in Brittany, Normandy, the Loire country, and Poitou-Charentes. UNEXO holds minority stakes in 85 SMEs with more than €5 million in sales.

## Sectors

- Industrial Tech
- AgriTech & FoodTech
- Healthcare Services
- Enterprise Software

## Offices

- Paris, France

## People

- Patrick Liot — Chairman
- Benjamin Hara — Managing Director

## Questions

### Who runs investment decisions at UNEXO?

Patrick Liot serves as Chairman and has been with the firm since 2004, overseeing the investment strategy. Benjamin Hara operates as Managing Director, leading deal origination and execution. The investment committee draws on senior professionals from both UNEXO and the broader Crédit Agricole group for major decisions.

### Is UNEXO a traditional fund or a permanent capital vehicle?

UNEXO functions more like a permanent capital vehicle. Because it invests off the balance sheet of Groupe Crédit Agricole and its related entities, it does not cycle through traditional blind-pool funds. This structure allows the firm to hold investments for periods that can extend well beyond a standard five-to-seven-year private equity fund life.

### Which sectors does UNEXO explicitly avoid?

UNEXO has historically concentrated on industrials, agri-food, healthcare, and business services. It has not been an active investor in consumer internet, pure-play software, or speculative biotech. The firm's sector focus aligns with the traditional economic strengths of the French regions where it is most active.

### How is UNEXO related to Crédit Agricole?

UNEXO is a wholly owned subsidiary of Groupe Crédit Agricole. It was founded by the bank in 1990 as a dedicated private equity division. The firm benefits from the bank's long-term capital base and extensive regional network in France but operates independently in its investment decisions.

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- [UNETI Ventures](https://altss.com/profile/uneti-ventures)
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Last updated: 2026-06-03T20:00:00.000Z

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