FFP today announced that it is teaming up with ArchiMed, a strategic and financial partner to healthcare companies, regarding the launch of a new investment vehicle called Med Platform I ("MP I"), thereby increasing its exposure to the healthcare industry.
The aim is to accelerate the growth of a few European companies selected for the quality of their management team and market position, as well as their potential to expand internationally and consolidate their sector.
MP I is managed by four partners: Denis Ribon, a well-known investor in the healthcare sector and co-founder of ArchiMed in 2014, Antoine Faguer, investor and entrepreneur, and Benoît Adelus and André-Michel Ballester, who have both successfully managed and developed several healthcare companies. They will be supported by a dedicated team of investors and will have access to the resources of ArchiMed (the management company).
FFP has committed to invest €80 million for a fund targeting €800 million, with the potential to double its exposure by co-investing in the companies of its choice, bringing its maximum commitment to €160 million.
Commenting on this investment, Robert Peugeot, Chairman of FFP, said: “After the success of our investment in ORPEA over the last few years, FFP is increasing its exposure to the healthcare industry, which is supported by positive long-term trends. This partnership with ArchiMed aims to create companies that will lead the European market in their respective areas, with a team which combines sector expertise, operational know-how and financial experience.”