Riverside backs French MedTech maker Medical Group, merges it with Selenium Medical
What's the deal? The Riverside CompanyDealroom has a profile for this one. Try Dealroom → has invested in Medical GroupDealroom has a profile for this one. Try Dealroom →, a French contract development and manufacturing organisation (CDMO) serving the medical device industry. As part of the deal, Medical Group has formed a strategic partnership with Selenium MedicalDealroom has a profile for this one. Try Dealroom →, a complementary French CDMO.
What do they do? Both firms make outsourced products for medical device manufacturers, from surface coating and cleanroom plastic injection molding to sterile assembly, packaging, and laboratory testing. They mainly serve the orthopedic and dental markets, plus robotics, soft tissue, and in vitro diagnostics.
Who's involved? Medical Group, founded in 1989 and based in Saint-Priest, was acquired in 2018 by Christophe Deycard and Antoine Beroud, who have led it since. Selenium Medical, founded in 2009 and headquartered in La Rochelle, was started by Olivier Richart and is run by chief executive officer Damien Uijttewaal.
What's the endgame? Riverside will work with both management teams to accelerate growth through international expansion, continued R&D investment, and a targeted buy-and-build program across Europe's fragmented MedTech CDMO market. Combining the two firms is meant to broaden their one-stop-shop offering.
Why now? Damien Gaudin, partner and head of healthcare at Riverside EuropeDealroom has a profile for this one. Try Dealroom →, pointed to the sector's growth potential, saying the deal reflects "our conviction in the long-term growth potential of the industry." He added that the businesses offer "a compelling value proposition for medical device manufacturers operating in increasingly complex regulatory and manufacturing environments."
The signal: Europe's MedTech CDMO market is riding rising outsourcing, tighter rules under the EU Medical Device Regulation, and more complex products — all pushing device makers toward specialist partners. Riverside is betting that consolidating fragmented, technical suppliers is the way to capture that demand.
Read more: riversidecompany.com
Image credit: Generated with Gemini
