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CVC and Tethys Invest in exclusive talks for Sebia majority stake

CVC and Tethys Invest in exclusive talks for Sebia majority stake
From Reuters - October 12, 2017

LONDON (Reuters) - Buyout fund CVC Capital Partners strategic opportunities platform and the LOreal familys Tethys Invest have entered exclusive talks to acquire a majority stake in Frances Sebia, the companies said on Thursday.

Founded in 1967, Sebia provides medical equipment and technology used for in-vitro diagnostic testing. It was acquired by Montagu Private Equity and Astorg Partners in 2014 for an undisclosed amount that sources put at around $1.4 billion.

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