Anyone heard of XIO Group?

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.

Comments (38)

Aug 28, 2016

Anyone have any insights? Please!

Feb 13, 2020

Sold JD Power for a $1 billion profit in 2019 in just three years.

Aug 29, 2016

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.

Sep 27, 2017

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.

Feb 13, 2020

Track record is running at north of 30% IRR and more than 3.0x MOI

Sep 1, 2016

I have been to their interview in Shanghai office and know some background. Add my wechat if you want to talk: ela04cz

Sep 7, 2016

swanky offices in London. Overpay, Let go people in their first two years. Avoid if can.

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Sep 7, 2017

Do you have any further to add to this?

Sep 8, 2017

Bump. Would be interested as well. Additionally, are their LPs really asking to get their money back?

Sep 6, 2017

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!

Sep 8, 2017

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%.

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Sep 8, 2017

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.

Sep 8, 2017

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.

Sep 8, 2017

I cannot post links but think you should look at jd power and moodys, and look up haaretz and Meitav Dash

Dec 17, 2018

what about its update?

Best Financial Calculators 2018 https://www.cdhpl.com/best-financial-calculator/

Mar 4, 2019

XIO Group is a global alternative investments firm. It's got international team of more than 60 professionals. It specializes in fintech sector.

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May 13, 2019

Bump. Would be interested as well. Additionally, are their LPs really asking to get their Good money back?

May 13, 2019

well they haven't done a deal since 2016. With $5Bn to deploy idk what they are doing but surely not great things.

Feb 13, 2020

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.

Feb 14, 2020
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