Private equity funds Nordic Capital Fund VI and Apax France VII have agreed to divest their respective stakes in Unilabs to Apax IX, advised by Apax Partners LLP. The transaction marks the successful completion of the joint ownership between funds advised by Apax Partners LLP, Nordic Capital and Apax Partners France (jointly with Altamir), which saw Unilabs taken private from the Swiss stock exchange in November 2007 and merged with the diagnostic division of pan-European healthcare provider Capio in 2008. Financial terms of the transaction are not being disclosed.

With over 5,300 employees, 112 laboratories and 43 medical imaging units across 10 European countries and emerging positions in the Middle East and Latin America, Unilabs has grown to become one of Europe’s leading medical diagnostics businesses.

Nordic Capital was advised by Mannheimer Swartling in the transaction.