G Square has agreed to sell Medadom to founders backed by Verdane and Bpifrance

Medadom

Founded in 2017, Medadom has played a pioneering role in shaping teleconsultation in France. The company was the first teleconsultation provider to receive accreditation from the French Ministry of Health and has established a leading position in the market through a high-quality, secure and accessible model of care.

In addition to its pure digital offering, Medadom operates 5,500 physical teleconsultation units in pharmacies and optical stores across France and has facilitated more than 9 million teleconsultations. The company provides an important digital healthcare solution in areas affected by limited access to medical professionals, helping to improve access to care for underserved populations.

The Deal

As exclusive advisors to the company shareholders, Lincoln International engineered a competitive process which led to Verdane’s first investment in France, together with Bpifrance, and G Square’s successful exit after their initial investment in 2020 to support Medadom’s outstanding growth. As part of the transaction, Medadom founders Elie-Dan Mimouni and Nathaniel Bern regain majority ownership of the business as they partner with two new financial investors in the next stage of the company’s development.

The investment will support Medadom in expanding access to healthcare services in France and across Europe, broadening its service to include additional care verticals and further strengthening its medical governance and technology platform. Over time, the partnership is also intended to support a measured expansion into other European markets, building on the company’s established position in France.

Our Perspective

François Rispoli, Managing Director in Lincoln’s Paris office, commented, “We are delighted to have supported G Square and Medadom on this landmark transaction. Medadom has played a pivotal role in establishing and advocating teleconsultation standards in France and has been a clear reference point in its domestic market and abroad. Its partnership with Verdane and Bpifrance will further strengthen its leading position in telemedicine while accelerating its expansion into new caretaking verticals. This deal also highlights Lincoln’s deep expertise in the telehealth sector after several recent operations in teleradiology and remote monitoring solutions.”

G Square

G Square is a leading investment firm specializing in the healthcare sector. With their proven track record, they have successfully partnered with numerous healthcare entrepreneurs and executives, providing the capital, resources and strategic guidance needed to accelerate growth and enhance value.

Verdane

Verdane is a specialist growth buyout investment firm that partners with tech-enabled and sustainable businesses that help to digitalize and decarbonize the European economy. The flexible mandates of Verdane funds allow it to invest as a majority or minority control investor, replacement or growth capital, in single companies or in portfolios of companies.

Verdane has raised €9 billion in capital, and its funds have made more than 200 investments in fast-growing businesses since 2003. Verdane’s team of over 150 investment professionals and operating experts is based out of Berlin, Copenhagen, London, Helsinki, Munich, Oslo and Stockholm and combines deep sector expertise with long-standing local networks and presence in core European markets.

Bpifrance

Bpifrance provides financing to businesses at every stage of their development in the form of loans, guarantees and equity. Bpifrance supports them in their innovation and international expansion projects. Bpifrance also supports their export activities through a wide range of products. Advice, university partnerships, networking and acceleration programs for start-ups, SMEs and middle market companies are also part of the support offered to entrepreneurs.

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