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Sonic, Biogroup Among Bidders for $5 Billion Diagnostics Firm Unilabs

  • TPG, GBL also make offers for Apax-owned diagnostics company
  • Brookfield Asset Management weighs teaming up with one bidder

Photographer: Tomohiro Ohsumi/Bloomberg

Updated on

Australian medical lab company Sonic Healthcare Ltd. and French rival Biogroup-LCD are among bidders for Unilabs, the diagnostics firm being sold by Apax Partners, according to people familiar with the matter. 

Private equity house TPG and Belgian investment firm Groupe Bruxelles Lambert SA have also submitted offers for the Swiss business, the people said, asking not to be identified discussing confidential information. A sale could value Unilabs at about $5 billion, one of the people said.