Merieux Equity Partners
Mérieux Equity Partners is a leading European healthcare-specialized investment firm founded in 2009, managing over €1.6 billion in assets through two dedicated platforms: Innovation (venture capital) and Buyout (growth and buyout). The firm supports companies ranging from start-ups to established leaders across Europe and North America.
Merieux Equity Partners is a LYON venture capital firm with €1.6B AUM, 33 active companies and 24 exits.
- ·14 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 22 realized deals: 4 years.
- ·Top sector focus: Healthcare (32% of portfolio).
- ·Fund cadence: ~3Y between vintages · last raise 2026.
Sector breakdown
57 companiesGeography breakdown
9 geographiesKey facts
Recent exits
Merieux Equity Partners sold SWIXX BioPharma to SK Capital / Bain Capital Life Sciences in 2026 after 5 years.
Merieux Equity Partners sold Ceva Sante Animale to ARCHIMED in 2025.
Merieux Equity Partners sold Plantex to Nactarome in 2025 after 5 years.
Merieux Equity Partners sold LabQuality to Aurevia in 2025 after 2 years.
Coverage notes
7 funds tracked, 57 portfolio companies (33 active · 24 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Merieux Equity Partners has raised, with its portfolio companies. Hand-checked from public filings.
Mérieux Participations 5investingBuyout2026€335M0 assetsBuyout2026 · 0yr€335M0–
No portfolio companies tracked yet.
Mérieux Innovation 2investingVC2024€380M6 assetsVC2024 · 2yr€380M6–
Unrealized
6 held| Company | Entry |
|---|---|
| Corflow MedTech · France | 2024 |
| Curea Medical GmbH Healthcare · Germany | 2025 |
| Health in Code HealthTech · Spain | 2026 |
| HighLife Medical MedTech · France | 2026 |
| Ona Therapeutics Biotech · Spain | 2026 |
| Prothea Technologies MedTech · UK | 2024 |
Mérieux Participations 4investingBuyout2023€500M3 assetsBuyout2023 · 3yr€500M3–
Unrealized
3 held| Company | Entry |
|---|---|
| Biobest ClimateTech · Belgium | 2022 |
| CEVA Santé Animale Pharma · France | 2025 |
| Piercan Industrials · France | 2023 |
Mérieux Participations 3harvestingBuyout2019€350M6 assets5 exitsBuyout2019 · 7yr€350M65
Unrealized
6 held| Company | Entry |
|---|---|
| Dental Monitoring HealthTech · France | 2021 |
| Domus VI Healthcare · France | 2021 |
| DomusVi Healthcare · France | 2021 |
| Elsan Healthcare · France | 2020 |
| Janvier Labs Healthcare · France | 2022 |
| SERB Pharmaceuticals Pharma · Belgium | 2021 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Ceva Sante Animale Pharma · France | – | 2025 | Secondary | ARCHIMED | – |
| DOC Generici Pharma · France | 2019 | 2022 | Trade Sale | TPG Capital | – |
| GTP Bioways Pharma · France | 2019 | 2024 | Trade Sale | Olon Group | – |
| Plantex Healthcare · France | 2020 | 2025 | Trade Sale | Nactarome | – |
| SWIXX BioPharma Pharma · Switzerland | 2021 | 2026 | Secondary | SK Capital / Bain Capital Life Sciences | – |
Mérieux Innovation 1divestingVC2014€120M15 assets14 exitsVC2014 · 12yr€120M1514
Unrealized
15 held| Company | Entry |
|---|---|
| AcuSurgical MedTech · France | 2021 |
| Amyl Therapeutics Biotech · Belgium | 2021 |
| Broken String Biosciences Biotech · UK | 2023 |
| Cairdac MedTech · France | 2022 |
| Cell-Easy Pharma · France | 2020 |
| Deepull MedTech · France | 2020 |
| InnoSyn Pharma · Netherlands | 2023 |
| Inscripta Biotech · US | 2018 |
| Keranova MedTech · France | 2016 |
| Mimetas Healthcare · Netherlands | 2020 |
| MRM Health Biotech · Belgium | 2020 |
| Neurinnov MedTech · France | 2021 |
| Prodigest Healthcare · Belgium | 2020 |
| SeqOne Genomics Biotech · France | 2022 |
| Triple Ring Technologies Healthcare · US | 2020 |
Realized
14 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Advencis Pharma · France | 2012 | 2014 | Trade Sale | bioMerieux | – |
| Amplitude Systèmes Healthcare · France | 2012 | 2019 | Trade Sale | L-GAM Investment Group | – |
| Ivantis MedTech · US | 2017 | 2022 | Trade Sale | Alcon | – |
| Kalila Medical MedTech · US | 2014 | 2016 | Trade Sale | Abbott Laboratories | – |
| LabQuality Healthcare · France | 2023 | 2025 | Trade Sale | Aurevia | – |
| Mablink Bioscience Biotech · France | 2022 | 2023 | Trade Sale | Eli Lilly and Company | – |
| Mabtech Healthcare · France | 2019 | 2024 | Trade Sale | EQT | – |
| Origene Healthcare · US | 2015 | 2016 | Trade Sale | Shanghai Aoyuan Investment Management Co., Ltd. | – |
| Physioassist MedTech · France | 2017 | 2023 | Trade Sale | Inogen Inc. | – |
| Quantalife Healthcare · US | 2010 | 2011 | Trade Sale | Bio-Rad Laboratories | – |
| Supersonic Imagine MedTech · France | 2010 | 2019 | Trade Sale | Hologic | – |
| TARA Biosystems Biotech · US | 2019 | 2022 | Trade Sale | Valo Health | – |
| TWIST Bioscience Biotech · US | 2013 | 2020 | IPO | Nasdaq listing (TWST) | – |
| XERIS Pharmaceuticals Pharma · US | 2017 | 2018 | IPO | Nasdaq listing (XERS) | – |
Mérieux Participations 2divestingBuyout2014€200M3 assets4 exitsBuyout2014 · 12yr€200M34
Unrealized
3 held| Company | Entry |
|---|---|
| Nutragroup Healthcare · France | 2018 |
| Seqens Pharma · France | 2016 |
| SGH Medical Pharma Pharma · Belgium | 2018 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| KeepMED MedTech · Israel | 2015 | – | – | – | – |
| Laboratoires INELDEA Healthcare · France | 2017 | 2021 | Trade Sale | ICG | – |
| LNA Santé Healthcare · France | 2016 | 2022 | Secondary | Siparex / Unexo / Sodero Gestion | – |
| Theravia Pharma · France | 2018 | 2025 | Trade Sale | Norgine | – |
Mérieux Participations 1divestingBuyout2010€80M0 assets1 exitsBuyout2010 · 16yr€80M01
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Lavorel Medicare Healthcare · France | 2013 | 2019 | Trade Sale | Advent International | – |
About Merieux Equity Partners
Mérieux Equity Partners is a leading European healthcare-specialised investment firm with €1.6 billion of assets under management as of December 2024, founded in 2009 and headquartered in Lyon. The firm operates through two dedicated platforms: Innovation (venture capital) and Buyout (growth and buyout), supporting the healthcare ecosystem across early-stage biotech innovation through to mid-cap healthcare buyout transactions, with the platform aligned with the broader Institut Mérieux life sciences industrial heritage.
Investment thesis
Mérieux Equity targets European and selectively North American healthcare companies across the development lifecycle, deploying dedicated venture commitments through the Innovation platform (early-stage biotech and HealthTech) plus growth and buyout equity through the Buyout platform (mid-cap healthcare services and products). Equity ticket sizes vary by strategy from venture-stage early commitments through to mid-cap healthcare growth equity positions. The exclusive healthcare sector focus enables deep clinical and regulatory expertise across portfolio companies.
Recent activity
Recent realised exits include Mabtech (healthcare, 2024), Mablink Bioscience (healthcare, 2023), Physioassist (healthcare, 2023), DOC Generici (healthcare, 2022) and Ivantis (healthcare, 2022), reflecting active distribution across the healthcare franchise. The platform tracks 6 funds, 34 active portfolio companies and 17 realised exits across the dual Innovation and Buyout programmes.
Frequently asked questions
- What investment strategy does Merieux Equity Partners focus on?
- Merieux Equity Partners focuses on VC, Growth, Buyout strategies in the private equity space.
- How many portfolio companies does Merieux Equity Partners have?
- Merieux Equity Partners has 33 active portfolio companies and 24 completed exits and 7 funds tracked on GP Intel.
- Where is Merieux Equity Partners headquartered?
- Merieux Equity Partners is headquartered in LYON, France.
- What is Merieux Equity Partners's assets under management?
- Merieux Equity Partners manages approximately €1.6B in assets under management.
- When was Merieux Equity Partners founded?
- Merieux Equity Partners was founded in 2018.
- What sectors does Merieux Equity Partners invest in?
- Merieux Equity Partners invests across Healthcare, Consumer.
- What are Merieux Equity Partners's recent exits?
- Recent realized exits by Merieux Equity Partners include: SWIXX BioPharma (2026) to SK Capital / Bain Capital Life Sciences; Ceva Sante Animale (2025) to ARCHIMED; Plantex (2025) to Nactarome; LabQuality (2025) to Aurevia; Theravia (2025) to Norgine; GTP Bioways (2024) to Olon Group; Mabtech (2024) to EQT; Mablink Bioscience (2023) to Eli Lilly and Company.
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