Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»BioNTech owners in talks to invest in German cancer labs group
    Investments

    BioNTech owners in talks to invest in German cancer labs group

    March 30, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    The billionaire Struengmann family behind COVID-19 vaccine maker BioNTech is in talks to take a stake in German diagnostics firm Munich Leukemia Laboratory (MLL) as it seeks to add investments in the healthcare sector, people close to the matter said.

    People close to the matter also said the Struengmann family was in talks to take a minority stake in MLL, whose owners chose the serial healthcare investor over buyout firms like EQT and KKR. They added that talks have not been finalised and MLL’s owners could still opt for an alternative investor.

    MLL’s owners, led by Torsten Haferlach, are working with Goldman Sachs to find an investor for the company which employs around 200 staff and specialises in leukaemia diagnostics and research. MLL generates annual earnings before interest, tax, depreciation and amortisation of around 40 million euros ($47 million) and its owners asked for a valuation of up to 20 times that.

    Read More

    Source: Reuters

    By Arno Schuetze

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    investment PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    KKR-Backed UK Startup Paddle Strikes $200 Million Deal

    May 25, 2022

    KKR closes inaugural Asia Credit Fund at $1.1bn

    May 25, 2022

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Pantheon passes $2.4bn in private debt secondaries as flagship fund closes at $834m

    May 24, 2022

    Comments are closed.

    Other Articles

    Neuberger Berman Continues To Expand Access To Private Equity For Individual Investors

    January 21, 2021

    China’s CPE reaches first-close of US$3b new private equity fund

    April 16, 2021

    Hong Kong’s CK Asset to sell aircraft leasing businesses for $4.28 bln

    December 24, 2021

    Former BP boss Lord Browne joins private equity firm General Atlantic

    April 14, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?