Xange Private Equity is an investment arm of La Banque Postale S.A. specializing in venture capital investments in young companies to growth and transfer capital investments. The firm invests in companies based in Europe with a focus on France. It seeks to acquire substantial minority interests in its portfolio company. The firm makes investments through its innovation funds and XPansion fund. Through the innovation funds, it makes seed to technology growth capital investments in information technology and telecoms, ecotechnologies, environmental protection, and renewable energies, Internet and e-business, electronics and materials, and life sciences including services and medical equipment companies. The firm invests in companies based in European Union and invests between €500,000 ($715,000) and €5 million ($7.15 million). It seeks to acquire minority interests in unlisted companies. The firm seeks to be a lead investor and exit its investments between three years and seven years. Through XPansion, it acquires equity interests in small and medium enterprises to finance growth both organic and acquisition and to reallocate capital through transfer and reclassification. The firm typically invests in capital increases to increase the company’s production capacity, develop new products, finance acquisitions, and/or increase its working capital, leverage buyout, acquisition of minority positions, and pre-initial public offering transactions. It primarily invests in industry, service, and retail companies based in France. The firm invests between €1 million ($1.43 million) and €5 million ($7.15 million) in companies with sales over €5 million ($7.15 million) and valuations between €5 million ($7.15 million) and €50 million ($71.5 million). It invests in unlisted companies in the form of common stock, preferred stock, convertible bonds, and equity warrants. The firm seeks to exit its investments between three years and seven years. Xange Private Equity was founded in July 2004 and is based in Paris, France.