FT: Cinven aims to bring in over €1B in sale of French diagnostics firm

|By:, SA News Editor

Cinven is looking to sell French diagnostics portfolio company Sebia and expects to receive over €1B in any deal, the FT reports.

Fellow private-equity firms and strategic buyers are seen making bids for Sebia which provides equipment for identifying diseases such as blood cancer.

Sebia's EBITDA has grown 10% a year since Cinven bought the company for €800M in 2010.