Transaction

Clearwater advises Veranex backed by Summit Partners on the acquisition of IMMR

Transaction

Veranex backed by Summit Partners acquired IMMR

Buy-side

Undisclosed

Role

Adviser to Veranex and Summit Partners on the acquisition of IMMR

Sector

Healthcare

Region

France

Clearwater has advised Veranex, the first concept-to-commercialisation global service provider dedicated to the MedTech industry, alongside investor Summit Partners, on the acquisition of IMMR, a leading French preclinical services organisation that provides pathology and surgical training services to MedTech innovators.

Headquartered in Paris, France, IMMR is a world-class, market leader in the design and conduct of MedTech and Biotech preclinical studies in large models. Its in-house expertise and state-of-the-art, FDA-inspected and AAALAC International-accredited facilities are unparalleled for successfully completing sophisticated studies with novel interventional or surgical technologies. While the company is perhaps most well-known for its world-leading expertise in complex cardiovascular procedures, IMMR also has broad experience and capabilities across multiple non-cardiovascular disease areas such as ophthalmology, thoracic surgery, neuro-surgery, orthopaedics, dentistry, urology, fetal surgery, and robotics.

Established in June 2021, Veranex provides the global medical technology industry with comprehensive and integrated solutions and services that accelerate the product life cycle to help improve patients’ lives across the globe. As a result of this acquisition, Veranex gains state-of-the-art, FDA-inspected and AAALAC-accredited facilities and extensive in-house expertise, enhancing Veranex’s services for preclinical studies worldwide.

image 135

We are excited to welcome the world-class and market leader IMMR to Veranex. Veranex is focused on the needs of the MedTech industry and this acquisition enhances our long-term ability to meet the end-to-end needs of MedTech companies in one organisation. Veranex’s clients will benefit from IMMR’s 30 plus years of experience in the design and conduct of preclinical studies, expertise in complex cardiovascular procedures, and state-of-the-art surgical suites and husbandry facilities, all unparalleled for leading successful completion of sophisticated studies with novel interventional or surgical technologies.

Pat Donnelly, Executive Chairman at Veranex
image 135

As part of a combined company with a full range of product development, regulatory, and market access expertise, our partnership with Veranex complements our vision to help clients achieve their objectives and advance important MedTech innovations that significantly advance patient care. IMMR adds another layer of expertise and services to Veranex to enable and accelerate research in the industry.

Luc Behr, D.V.M., PhD, IMMR Founding Partner, Executive Board Member and Scientific Director

We were delighted to have advised Veranex alongside Summit Partners on this acquisition, which demonstrates Clearwater’s expertise in the healthcare sector, more specifically in the CRO space. This transaction demonstrates our capacity in assisting U.S. clients with their acquisitions in Europe, thanks to our partnership with Cain Brothers, a division of KeyBanc Capital Markets.

Nicolas Saint-Pierre, Managing Partner, Clearwater

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