Cinven is reviewing strategic options for laboratory-services company Synlab International GmbH including a potential sale, people with knowledge of the matter said.
The private equity firm has been speaking with potential advisers and could start a sale process early next year, the people said, asking not to be identified because the information is private. Cinven plans to seek a valuation of about 5.5 billion euros ($6 billion) including debt for Augsburg, Germany-based Synlab, one of the people said.
A sale of Synlab would likely attract other private equity firms, the people said. No final decision has been made, and Cinven could elect to keep the business, the people said. A spokeswoman for Cinven declined to comment, while Synlab didn’t answer phone calls seeking comment.
Cinven first invested in Synlab in June 2015, buying a majority stake from fellow private equity firm BC Partners for about 1.7 billion euros, Bloomberg News reported at the time. It combined the business with Labco SA, which it agreed to buy earlier that year for 1.2 billion euros.
Synlab, led by Chief Executive Officer Mathieu Floreani, also counts Novo A/S and Ontario Teachers’ Pension Plan as minority investors, according to its website. It operates across more than 40 countries, handling more than 500 million clinical tests annually, according to Synlab’s website.
Cinven also owns stakes in retailer Kurt Geiger and German drugmaker Stada Arzneimittel AG, according to its website.
The sale plan comes at a time when Cinven’s rival Apax Partners is also weighing a sale of diagnostic services business Unilabs. The buyout firm is working with advisers at Rothschild & Co. to look at options for the business, people familiar with the matter said last week.
Source: Bloomberg
Can’t stop reading? Read more
Bain Capital to acquire Sizzling Platter from CapitalSpring in $1bn+ restaurant platform deal
Bain Capital to acquire Sizzling Platter from CapitalSpring in $1bn+ restaurant platform deal Bain Capital has reached an agreement to acquire Sizzling Platter, a leading multi-brand restaurant platform, from fellow private equity firm CapitalSpring in a transaction...
Luxembourg holds steady with 10 private equity deals in Q1 despite broader European slowdown
Luxembourg holds steady with 10 private equity deals in Q1 despite broader European slowdown Luxembourg recorded 10 private equity transactions in Q1 2025, maintaining stable deal flow even as broader European private markets experienced a sharp pullback, according to...
LPs boost confidence in private equity as majority plan to increase allocations in 2025
LPs boost confidence in private equity as majority plan to increase allocations in 2025 Private equity continues to dominate investor sentiment heading into 2025, with nearly 60% of limited partners planning to increase their exposure to the asset class, according to...