McDermott Advises BioSerenity Group on its Acquisition by Jolt Capital - McDermott Will & Emery

McDermott Advises BioSerenity Group on its Acquisition by Jolt Capital

Overview


BioSerenity Group, four times winner of the French Tech Next40/120 programme, has since its creation been working on improving access to diagnosis and management of chronic diseases (cardiology, neurology and sleep disorders).

Its takeover was realized through a disposal plan, which was approved by the Paris Commercial Court on November 10, 2023. Through this sale plan, BioSerenity Group has ensured the continuation of its three activities: production of connected medical devices, development of software interpreting data using AI engines, and performance of diagnostic procedures.

The French venture capital fund Jolt Capital, which was chosen after a competitive process, has already announced a €24 million investment to accelerate the company’s international development and the deployment of its innovative solutions.

The McDermott team advising BioSerenity Group comprised:

  • Timothée Gagnepain, partner, Théophile Jomier, counsel, Rudi Pfortner, associate, on the restructuring aspects
  • Anne-France Moreau, partner, on the regulatory/life sciences aspects.

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