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Former Reporter

European buyout firm Cinven has agreed to buy French medical diagnostics company Labco for €1.2 billion, just over two weeks after the company pulled its IPO.

Cinven announced on Thursday that it has agreed to acquire the company, which was established in 2003, from a group of investors including 3i Group, CMC-CIC Investments, Vikings Limited, TCR Capital, Nixen, Omnes Capital and ICG.

Sale by 3i and other investors comes just over two weeks after Labco pulled its IPO

Becky Pritchard

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Cinven buys Labco for €1.2bn

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