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Labco, the French medical diagnostics provider to be bought by European PE firm Cinven

Cinven, the European private equity firm will be buying French medical diagnostics provider Labco SA for 1.2 billion euros ($1.31 billion). This comes a fortnight after Labco abandoned plans for a 545 million euro initial public offering on Euronext Paris because of volatility across global financial markets. For 2014, Labco registered net sales of 650 million euros, with earnings before interest, taxation, depreciation and amortization at 131 million euros and EBITDA margin at about 20 percent.


Cinven,Labco SA,Euronext Paris