Desmarais-backed Sienna Capital commits to Mérieux Développement

Mérieux Développement, the private equity investment arm of Institut Mérieux, has launched a new vehicle with a total commitment of €150 million ($212 million) to invest in healthcare and nutrition sectors. As part of a partnership agreement, Sienna Capital, an affiliate of Belgium's Groupe Bruxelles Lambert (GBL), has committed €75 million ($106 million) to Mérieux, most of which will be dedicated to the new vehicle. GBL is controlled in part by Canada's Desmarais family. Mérieux Développement is based in Lyon, France.

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