Luxempart S.A. is an investment firm specializing in direct and fund of fund investments. The firm also makes secondary direct investments. Within direct investments, it specializes in PIPE and private equity investments in middle market, later stage, mature, emerging growth, late venture, mezzanine, buyouts, acquisitions and private investment in public equity, and growth capital for small and medium sized companies. The firm seeks to invest in listed and non-listed companies. The firm does not target a specific sector, but prefers to invest in companies operating in energy, media, banks and financial services, holding companies, credit agencies, insurance brokers, healthcare, retail and telecommunications sectors. It seeks to invest in companies based in Europe including Grand Duchy of Luxembourg and nearby regions, France, Germany, Italy, Belgium, Austria and Switzerland. The firm typically invests between "30 million ($35.53 million) and "100 million ($131.10 million) in companies with a minimum EBITDA of "1 million ($1.31 million), target enterprise value between "10 million ($13.11 million) and "2000 million ($2622.02 million), and with a minimum target sales value of "15 million ($19.66 million). It aims to aid its portfolio companies to their IPO through financial aid. The firm seeks Board seats in its portfolio companies. It prefers to take majority stakes in companies but also takes minority stakes. Luxempart S.A., formerly known as Bil Participations SA, was founded in May 1988 and is based in Leudelange, Luxembourg with additional offices in Belgium, Italy, Germany, and France.