CVC and Tethys Invest in talks to buy majority stake in Sebia

CVC and Tethys Invest in talks to buy majority stake in Sebia

CVC Capital Partners and Tethys Invest, which is the brainchild of major L’Oréal shareholder Francoise Bettencourt Meyers and Jean-Pierre Meyers, are in ‘exclusive talks’ to buy a majority stake in Sebia, according to a report published by Reuters.

The companies announced their part in the potential deal on Thursday. France-based Sebia was acquired by Montagu Private Equity and Astorg Partners in 2014 for an undisclosed sum, which commentators pegged at US$1.4 billion.

The company produces instruments and technology used by the in-vitro diagnostic testing industry.

 

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