Would really appreciate some intel on XIO Group. They seem sizeable (some sources say $5bn AUM), and recently beat out Advent for a $1.1bn buyout bid. Apart from that, there is an astonishing lack of info for a fund of this scale...
Does anyone know anything and can share? Most interested in their Asia offices but London also would be good to know.
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Anyone have any insights? Please!
Sold JD Power for a $1 billion profit in 2019 in just three years.
It's a relatively new Europe/China fund with capital from China. They did 2 investments in the US (Lumenis for ~$550M in Jun-15; JD Power for ~$1.1B in Apr-16) and a couple in Europe (e.g., COMPO in Germany). Target returns seems to be a bit lower given foreign capital. Not sure of their track record.
Does anyone know of an ex-employee I could speak with about their experience at Xio Group? I was contacted by a headhunter and spoke with a guy at Xio name Pete. He says all their backing is from big time institutions - like US endowments - and the article has nothing to do with the firm. When I asked him about turnover he said there have been a handful of juniors but the last hires are all MD levels or above. I'm interviewing for their New York office. Thanks.
Track record is running at north of 30% IRR and more than 3.0x MOI
I have been to their interview in Shanghai office and know some background. Add my wechat if you want to talk: ela04cz
swanky offices in London. Overpay, Let go people in their first two years. Avoid if can.
Do you have any further to add to this?
Bump. Would be interested as well. Additionally, are their LPs really asking to get their money back?
I hope you did not join them, you dont need to look too deep into their history to realise that they are shady. The partners have no PE back ground and the source of their funds wants his money back!
Assuming this topic was about career choice:
Its all a question of options isn't it? Is XIO similar to one of the established funds because they "manage a lot of capital" absolutely not - everyone - at least in London, knows what the question marks around the guys are. However, If the alternative is "random fund capital" with 10m in assets then go to XIO or (what I would do ) wait if you have the profile to do buyside at other places...
A more general comment (and I have no horse in this race):
I don't even want to start on the red flags that I would see if it was about my career. This place is a pop up shop where the rain will wash off the paint. Look at it like this: even if they are legit - they are not good investors because the prices they have paid mean loosing money on the assets they bought. 100%.
Just to add to that: Have a look at how their deals are going. Considering the prices that they probably paid for those assets, it doesn't look good.
If it were still a career choice, I would be a little worried.
Their second purchase is on the blocks (or will be soon) and has been refinanced. Their third investment has been refinanced, no need to mention their first investment.
Its nice to know London knows, but Hong Kong doesn't (not properly), at least the Israeli's worked it out for themselves.
I cannot post links but think you should look at jd power and moodys, and look up haaretz and Meitav Dash
what about its update?
XIO Group is a global alternative investments firm. It's got international team of more than 60 professionals. It specializes in fintech sector.
Bump. Would be interested as well. Additionally, are their LPs really asking to get their Good money back?
well they haven't done a deal since 2016. With $5Bn to deploy idk what they are doing but surely not great things.
XIO Group has just had a pretty incredible return - made almost $2 billion in the sale of JD Power in 2019 after buying for $1 billion in 2016.
Also made solid money of the sale of Lumenis. ~2x unlevered
So they were actually really good at what they do!
They ceased all operations in April 2022
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