Protein'eXpert (France) - Jan 2008

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01 January 2008

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CIC Vizille Capital Innovation has joined Sudinnova in a €1.2m financing round for Protein’eXpert which sees the partial exit of original investors Amorçage Rhône-Alpes et al, Rhône-Alpes Création and Rhône Dauphiné Développement. This round is in anticipation of a second round of financing by the new investors expected to take place in Q4 2008. The two founders, Tristan Rouselle and Nicolas Mouz, retain a majority stake in the company. CIC led this round.

Company

Protein’eXpert is a recombinant proteins engineering firm. Grenoble-based Protein’eXpert was founded in 2000 by Tristan Rouselle and Nicolas Mouz. The company specialises in providing tailor-made target and therapeutic recombinant protein services. Protein’eXpert combines advanced molecular engineering with low-to-high throughput manufacturing technologies to discover, optimise, produce and deliver R&D-compatible volumes of soluble proteins from genomic sequences. Since 2003 Protein’eXpert has increased its bio-production of therapeutic proteins via internal subsidiary PX’Pharma. The company counts a number of organisations and institutions among its partners, including the European Synchrotron Research Facility, the Institute of Structural Biology and the Research Group on Inflammatory Processes. Its trading partners include Eurogentec SA, Biomethodes, iDealp’pharma and Avidis SA. Protein’eXpert’s customers include Sanofi Synthelabo, Biomérieux and Galderma R&D. In July 2007 Protein’eXpert created PX’Monoclonals,a new subsidiary based in Lyon which focuses on the development of antibodies. The firm employs 45 people and achieved turnover of €3.3m in 2007.

People

Ludovic Andre worked on the deal on behalf of both CIC Vizille Capital Innovation and Sudinnova. Tristan Rouselle and Nicolas Mouz are the founders of Protein’eXpert.

Advisers

Equity - Cabinet Duteil, Olivia Boyron (Legal)Equity - YG Expertise et Conseil, Yves Gauthier (Financial Due Diligence)Vendor - Lonjon et Associes, Sophie Laheurte (Legal)

Sourced from: France unquote" 89 (Mar 2008)