Xenon Private Equity is a private equity firm specializing in leveraged buyouts, lower mid-market buyouts, add-on acquisitions, and replacement and growth capital investments. It does not participate in auctions. The firm prefers to invest in B2B component and system manufacturing, non-capital intensive service companies, outsourced industrial services, healthcare products (devices and services), non-asset based logistics, consumer products (manufacturing and distribution), business services, and technology (fully developed products)