Bertrand Milliere
Partner
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- Full Name
- Bertrand Millière
- Title
- Gérant / Founder (Associé-Gérant)
- Firm
- Maelo Capital Investissement (MAELO)
- Firm Type
- Investment company / capital-investment holding (federating entrepreneurs and family offices) — often classified among French angel/private investors
- Investment Stage
- Capital development, growth, and LBO/MBO (buyouts); classified as seed/angel in some databases
- Sector Focus
- Generalist — industrials/manufacturing, consumer & food/beverage, services (representative deals in silicone/polymer industry, craft brewing, sports nutrition)
- Geographic Focus
- France, with a strong Auvergne-Rhône-Alpes / Lyon-region orientation
- Location
- Prévessin-Moëns (01280), Auvergne-Rhône-Alpes, France; operates principally out of the Lyon area
Background
Bertrand Millière (born circa 1976) is the founder and managing partner (Gérant) of Maelo Capital Investissement, a discreet Rhône-Alpes–based investment company. Before launching Maelo, he worked at Andersen (the audit/advisory firm) and at Aquasourça, a Lyon investment holding — a background that combines corporate-finance advisory with private-equity investing.
Millière created the Maelo investment activity around 2011 (the underlying legal entity, SIREN 504943887, was registered in 2008 as a holding company, NAF code 6420Z). He built the firm as a vehicle that federates entrepreneurs and family offices to take capital stakes in mid-market companies, primarily in the Lyon region and broader France. He was later joined by Julien Menaud (ex-JP Morgan) and by Joseph Brigneaud (ex-Crédit Agricole CIB and former regional head of Euronext in Lyon), giving the small team a mix of M&A, capital-markets and banking pedigree.
According to French corporate registries, Millière holds several mandates connected to the group, including Gérant of MAELO and Président of MAELO MOIRANS, managing multiple related entities. CFNEWS describes Maelo as an investment fund active in LBO and capital-development transactions in France, with roughly eight documented deals.
Investment Thesis & Focus
- Invests through Maelo Capital Investissement, pooling capital from entrepreneurs and family offices rather than a traditional institutional LP fund.
- Deal types span capital development / growth equity and LBO/MBO buyouts — i.e., beyond pure early-stage; some databases nonetheless list Maelo among French angel/seed investors.
- Generalist across industrials/manufacturing, consumer and food & beverage, and services — willing to back established, often family- or founder-led regional businesses.
- Strong Auvergne-Rhône-Alpes / Lyon anchoring; tends to partner alongside other regional financiers (private equity funds and banks) on shared deals.
- Deliberately discreet — the firm publishes little and rarely gives interviews, signaling a preference for relationship-driven, entrepreneur-to-entrepreneur dealmaking.
Notable Investments
- Ninkasi — Lyon-based craft brewery and brasserie/entertainment group; Maelo entered its capital (disclosed by Ninkasi's leader Christophe Fargier), per Bref Eco.
- Exsto — specialist in molding and machining of polyurethane and thermoplastic parts (founded 1976); Maelo participated in an MBO alongside IXO Private Equity, BNP Paribas Développement and Crédit Agricole Sud Rhône-Alpes.
- Sterne Silicone Performance — silicone innovation/manufacturing company; listed among Maelo's holdings.
- Baouw — organic/natural sports-nutrition brand; listed among Maelo's investments.
- Iteractii — grouping of customer-service agencies in which Maelo took part.
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