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PAI Partners to buy French lab testing co Cerba
Wednesday 09 June 2010

French private equity firm PAI Partners has agreed to acquire clinical testing company Cerba from Nordic buyout firm IK Investment Partners for an undisclosed amount, it said on Wednesday.

In a statement, PAI partner Frederic Stevenin said that his firm would continue "its strategy of internationalisation of the central lab segment and reinforcing its positioning in France, Belgium and the rest of Europe."

According to an earlier report of Reuters citing informed sources, Cerba could fetch about 10 times EBITDA of EUR55m (USD66m).

The lab testing firm expects to post sales of EUR250m for 2010.

The deal is subject to regulatory clearance.
Date Published: 09/06/2010
Target: Cerba European Lab
Country: France
Sector: Healthcare
Type: LBO
Status: Agreed
Vendor: IK Investment Partners
Buyer: PAI Partners