Labco Said Set for Sale by 3i as Blackstone Circles Firm

Labco SAS, a medical-diagnostics company whose investors include 3i Group Plc, is seeking buyers after it was approached by private equity firms including Blackstone Group LP, said people with knowledge with the situation.

3i, Britain’s oldest private-equity firm, decided to organize a formal process beginning in September to sell Labco after being approached by a bidder a few weeks ago, the people said. Private equity firms including EQT Partners AB, Bain Capital LLC and TowerBrook Capital Partners LP may also be interested in Labco, people said.