CEA Investissement, Sofimac Partners and Soridec have taken part in a €2m funding round for Microphyt, a French biotech specialising in microalgae-based bioactive products.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio