Ardian Is Said to Tap Morgan Stanley, Macquarie for GBA Exit

Ardian SAS has selected Morgan Stanley and Macquarie Group Ltd. to help arrange a potential sale of German laboratory services provider GBA Group, which could be worth about €1.5 billion ($1.7 billion) in a deal, according to people familiar with the matter.

The private equity firm has been exploring options for GBA and a sale process could start as soon as next year, the people said, asking not to be identified discussing confidential information. Deliberations are at an early stage and Ardian may still decide against a deal, the people said.