Mérieux Développement SAS

Mérieux Développement SAS is a private equity and venture capital arm of Institut Mérieux SA specializing in early venture, mid venture, late venture, mezzanine, bridge, emerging growth, growth capital, and buyouts in middle market and mature companies. It seeks to invest in small and mid-sized companies in healthcare and new products and services with a focus on theranostics, medical devices focusing on Imaging platforms and agents, minimally invasive surgical and interventional devices, ophtalmologic products, biomaterials, patient management software; nano imaging; medical data management; prevention and therapy (vaccines - probiotics and nutrition); vitro diagnostic and life sciences tools focusing on point of care / rapid tests, sample preparation, clinical and industrial microbiology, clinically-validated biomarkers, management & data analysis, molecular diagnostics; patient management services focusing on management of home care, specialized care for chronic and genetic diseases, remote patient monitoring; preventive medicine and nutrition focusing on anti-infective agents, vaccines and tools, nutrigenic services, cinically validated nutraceuticals; biology, and health-associated services. It prefers to invest on a global basis with a focus in Europe, Canada, Middle-East, North America, India, Israel, and China. The firm typically invests between €1 million ($1.37 million) and €10 million ($13.76 million) in companies with an enterprise value between €2 million ($2.75 million) and €100 million ($137.67 million). On an average, it seeks to invest €6 million ($7.72 million) per company over the course of its equity participation in a given company, depending on sector and specific company needs. Within growth capital, it invests between €10 million ($12.48 million) and €20 million ($24.96 million) and between €5 million ($6.24 million) and €10 million ($12.48 million) venture capital investments. It seeks to take a minority stake of its portfolio companies. It typically leads or co-leads all of its investments and takes an active role including at board of directors and strategic committee level. The firm makes investments through personal capital. Mérieux Développement SAS was founded in September 2009 and is based in Lyon, France with additional offices in the Boston, Massachusetts, and Paris, France.