Institut Merieux Valuation, Funding & Investors

Institut Merieux is valued at $8.5B as of July 2022.

Last Institut Merieux valuation

$8.5B

Undisclosed stage · Jul 2022

Last Institut Merieux funding round

$852M

Undisclosed stage · Jul 2022

Cumulative funding Institut Merieux raised

$852M

across 1 funding round

Key investors in Institut Merieux

Institut Merieux Overview

About Institut Merieux

Institut Mérieux is a family-owned healthcare holding company based in Lyon, France, controlled by the Mérieux family and focused on fighting infectious diseases and cancers. It is the majority shareholder of four companies: bioMérieux, a publicly listed world leader in in-vitro diagnostics; Mérieux NutriSciences, a food safety and nutrition testing and consulting provider; Transgene, a listed biotech developing therapeutic vaccines and oncolytic viruses against cancer; and Mérieux Equity Partners, a growth and innovation capital firm for healthcare and nutrition. Together the group employs about 26,000 people in more than 50 countries, and Institut Mérieux also holds strategic stakes in Ceva Animal Health and OXB. Its companies earn revenue from diagnostic instruments and reagents, laboratory testing and contract services sold to hospitals, laboratories, food producers and pharmaceutical companies. Institut Mérieux was founded in Lyon in 1897 by Marcel Mérieux, who had worked at the Institut Pasteur; it created bioMérieux in 1963, divested its vaccine business in 1994 and formed Mérieux NutriSciences in 2010. In July 2022 Exor, the Agnelli family's holding company, agreed to invest €833 million for a 10% stake through a reserved capital increase, adding John Elkann and Benoît Ribadeau-Dumas to the board. The company is led by chief executive Michel Baguenault.


Founded

1897

HQ

FranceLyon

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services

Valuation

$8.5B (Jul 2022)

Institut Merieux Valuation

Institut Merieux is currently valued at $8.5B, based on its undisclosed-stage round in July 2022. Read the announcement ↗

The $852M round was led by EXOR.

Institut Merieux valuation by funding round

Institut Merieux valuation by funding round
DateStageValuation
Jul 2022Undisclosed stage$8.5B

Institut Merieux Funding History

Institut Merieux has raised a total of $852M across 1 funding round.

Institut Merieux funding rounds

Institut Merieux funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2022Undisclosed stageEXOR (lead)$852M$8.5BInstitut Mérieux, the privately held global healthcare holding company of the Mérieux family, signed a long-term partnership with Exor N.V. on July 1, 2022. Exor acquired a 10% shareholding via a reserved capital increase for a total investment of €833 million ($850M equivalent), with €278 million paid initially on July 29, 2022, and the remainder within 12 months. The funds support Institut Mérieux’s growth in innovative public health solutions, including infectious diseases and cancer. John Elkann and Benoît Ribadeau-Dumas joined Institut Mérieux’s board as part of the partnership between the Agnelli and Mérieux families. This implies a post-money valuation of €8.33 billion for the company.

Who has invested in Institut Merieux?

1 investor has backed Institut Merieux across its funding rounds, including EXOR.

Lead investors include EXOR.


Institut Merieux Investors

Investors in Institut Merieux by funding rounds participated
InvestorHQRoundsRoleFirst check

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Investments by Institut Merieux

Institut Merieux has invested in 1 company to date.

Latest investment by Institut Merieux was on July 1st 2021. Institut Merieux invested in Merieux NutriSciences in their Undisclosed stage round.


Latest Investments by Institut Merieux

Merieux NutriSciences
Description
Merieux NutriSciences is a testing and advisory company serving the food and agriculture industries. Its laboratories analyse products for microbiological and chemical safety, nutritional content and authenticity, and the firm also audits suppliers and certifies quality programmes for producers and retailers. It runs a laboratory network across the Americas, Europe and Asia and belongs to the Merieux family group.
HQ CountryUnited States
HQ City
Chicago, IL
Deal Date1 Jul 2021
RoundUndisclosed stage
Raisedundisclosed
InvestorsSofina; GIMD
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Institut Merieux Competitors

Institut Merieux competitors include listed companies like 10x Genomics, Twist Bioscience, GRAIL and BillionToOne, and private ones like Color and Heyuan Biotechnology.

Public and private companies comparable to Institut Merieux
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
10x GenomicsUnited StatesUnited StatesPublicly listed$643M($16M)$9.1B13.9x
Twist BioscienceUnited StatesUnited StatesPublicly listed$377M($63M)$10B21.6x
GRAILUnited StatesUnited StatesPublicly listed$147M($407M)$6.4B32.1x
BillionToOneUnited StatesUnited StatesPublicly listed$305M$12M$5.3B11.5x
ColorUnited StatesSan Francisco, CAPrivate--$4.6B-
Heyuan BiotechnologyChinaShanghaiPrivate--$3B-

Institut Merieux Public Comps

Institut Merieux is still privately-owned, but its public comps include 10x Genomics, Twist Bioscience, GRAIL, BillionToOne, CareDx, Wantai BioPharm, Veracyte, Celcuity, BGI Genomics and GeneDx.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
10x Genomics$643M($16M)13.5x13.9x(536.7x)(129.6x)
Twist Bioscience$377M($63M)26.7x21.6x(158.5x)(294.6x)
GRAIL$147M($407M)38.3x32.1x(13.9x)(15.9x)
BillionToOne$305M$12M16.2x11.5x411.5x74.2x
CareDx$380M($10M)11.5x8.8x(444.2x)53.8x
Wantai BioPharm$273M($24M)14.1x-(159.2x)-
Veracyte$517M$77M6.9x6.1x46.4x22.5x
Celcuity-($172M)-172.9x(19.7x)(13.9x)

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Common questions about Institut Merieux

When was Institut Merieux founded?Institut Merieux was founded in 1897.
Where is Institut Merieux headquartered?Institut Merieux is headquartered in Lyon, France.
Is Institut Merieux publicly listed?No, Institut Merieux is a private, VC-backed company.
What is Institut Merieux's valuation?Institut Merieux was last valued at $8.5B in its undisclosed-stage round in July 2022.
How much funding has Institut Merieux raised?Institut Merieux has raised $852M across 1 funding round.
What was Institut Merieux's last funding round?Institut Merieux's last funding round was a $852M undisclosed-stage round in July 2022, led by EXOR.
Who are Institut Merieux's investors?Institut Merieux's investors include EXOR.
Which companies are comparable to Institut Merieux?Companies comparable to Institut Merieux include 10x Genomics, Twist Bioscience, GRAIL, BillionToOne, Color and Heyuan Biotechnology.
How many companies has Institut Merieux invested in?Institut Merieux has invested in 1 company, including Merieux NutriSciences.
What was Institut Merieux's last investment?In July 2021, Institut Merieux invested in Merieux NutriSciences' undisclosed-stage round alongside Sofina and GIMD.

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