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Merieux Equity Partners

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.

AUM
€1.6B
Funds
7
vintages 2010–2026
Portfolio
33
Exits
24

Merieux Equity Partners is a LYON venture capital firm with €1.6B AUM, 33 active companies and 24 exits.

Key takeaways
  • ·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 companies
Healthcare
18 · 32%
MedTech
13 · 23%
Pharma
13 · 23%
Biotech
9 · 16%
HealthTech
2 · 4%
ClimateTech
1 · 2%
Industrials
1 · 2%

Geography breakdown

9 geographies
France
33 · 58%
US
9 · 16%
Belgium
6 · 11%
Spain
2 · 4%
UK
2 · 4%
Netherlands
2 · 4%
Germany
1 · 2%
Switzerland
1 · 2%

Key facts

HQLYON, France
Founded2018

Recent exits

SWIXX BioPharma

Merieux Equity Partners sold SWIXX BioPharma to SK Capital / Bain Capital Life Sciences in 2026 after 5 years.

Ceva Sante Animale

Merieux Equity Partners sold Ceva Sante Animale to ARCHIMED in 2025.

Merieux Equity Partners sold Plantex to Nactarome in 2025 after 5 years.

LabQuality

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.

7 funds
Mérieux Participations 5investing
Buyout2026€335M0 assets

No portfolio companies tracked yet.

Mérieux Innovation 2investing
VC2024€380M6 assets

Unrealized

6 held
CompanyEntry
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 4investing
Buyout2023€500M3 assets

Unrealized

3 held
CompanyEntry
Biobest
ClimateTech · Belgium
2022
CEVA Santé Animale
Pharma · France
2025
Piercan
Industrials · France
2023
Mérieux Participations 3harvesting
Buyout2019€350M6 assets5 exits

Unrealized

6 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Ceva Sante Animale
Pharma · France
–2025SecondaryARCHIMED–
DOC Generici
Pharma · France
20192022Trade SaleTPG Capital–
GTP Bioways
Pharma · France
20192024Trade SaleOlon Group–
Plantex
Healthcare · France
20202025Trade SaleNactarome–
SWIXX BioPharma
Pharma · Switzerland
20212026SecondarySK Capital / Bain Capital Life Sciences–
Mérieux Innovation 1divesting
VC2014€120M15 assets14 exits

Unrealized

15 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Advencis
Pharma · France
20122014Trade SalebioMerieux–
Amplitude Systèmes
Healthcare · France
20122019Trade SaleL-GAM Investment Group–
Ivantis
MedTech · US
20172022Trade SaleAlcon–
Kalila Medical
MedTech · US
20142016Trade SaleAbbott Laboratories–
LabQuality
Healthcare · France
20232025Trade SaleAurevia–
Mablink Bioscience
Biotech · France
20222023Trade SaleEli Lilly and Company–
Mabtech
Healthcare · France
20192024Trade SaleEQT–
Origene
Healthcare · US
20152016Trade SaleShanghai Aoyuan Investment Management Co., Ltd.–
Physioassist
MedTech · France
20172023Trade SaleInogen Inc.–
Quantalife
Healthcare · US
20102011Trade SaleBio-Rad Laboratories–
Supersonic Imagine
MedTech · France
20102019Trade SaleHologic–
TARA Biosystems
Biotech · US
20192022Trade SaleValo Health–
TWIST Bioscience
Biotech · US
20132020IPONasdaq listing (TWST)–
XERIS Pharmaceuticals
Pharma · US
20172018IPONasdaq listing (XERS)–
Mérieux Participations 2divesting
Buyout2014€200M3 assets4 exits

Unrealized

3 held
CompanyEntry
Nutragroup
Healthcare · France
2018
Seqens
Pharma · France
2016
SGH Medical Pharma
Pharma · Belgium
2018

Realized

4 exits
CompanyEntryExitTypeBuyerMOIC
KeepMED
MedTech · Israel
2015––––
Laboratoires INELDEA
Healthcare · France
20172021Trade SaleICG–
LNA Santé
Healthcare · France
20162022SecondarySiparex / Unexo / Sodero Gestion–
Theravia
Pharma · France
20182025Trade SaleNorgine–
Mérieux Participations 1divesting
Buyout2010€80M0 assets1 exits

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Lavorel Medicare
Healthcare · France
20132019Trade SaleAdvent 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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Last updated August 2026 · Sourced from public filings · Report an issue