Phadia

For Thermo, which has been on the prowl for acquisitions since last year, a successful pursuit of Phadia could damp its appetite for Gen-Probe, the people said.

Thermo Pursuing Phadia Anupreeta Das 2011

Thermo Fisher Scientific has emerged as a leading contender for privately owned Phadia, an allergy-testing company that could fetch as much as $3 billion in a sale, according to people familiar with the matter.

What's News 2011

Cinven bought Phadia in 2007 for €1.29 billion at the height of the boom and with a debt multiple of nine times earnings before interest, taxes, depreciation and amortization.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Phadia changed hands again in 2007, when British private-equity firm Cinven Ltd. bought it for nearly €1.3 billion $1.8 billion.

Thermo Pursuing Phadia Anupreeta Das 2011

Phadia was cash-generative and in a great position to grow substantially, said Stuart McAlpine , the partner at Cinven who led the deal.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Thermo's acquisition of Phadia may dampen its appetite for Gen-Probe Inc., a maker of tests for AIDS and other sexually transmitted diseases that also put itself up for sale recently.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

LONDON—Cinven said Thursday it had agreed to sell allergy-testing company Phadia Group to Thermo Fisher Scientific Inc. for €2.47 billion $3.52 billion, in the day's second major acquisition of a privately held pharmaceutical company by a global giant.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Thermo Fisher last month agreed to buy closely held allergy-testing company Phadia AB for $3.5 billion.

Novartis Outlasts Gen-Probe Bidders Dana Cimilluca 2011

Last year, Cinven bought oncology-focused diagnostic company Sebia for around €800 million from Montagu Private Equity with a view to replicating its success with Phadia, Mr. McAlpine said.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Under Cinven's ownership, Phadia significantly boosted its workforce and expanded outside Europe in Asia and the U.S., where sales have grown 23% a year since 2007.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011