Partners Group and PSP Investments to acquire Cerba HealthCare from PAI Partners.

Partners Group, the global private markets investment manager, and the Public Sector Pension Investment Board one of Canada's largest pension investment managers acquired​ European medical laboratory services operator, Cerba HealthCare. The company is being acquired from PAI Partners, a leading European private equity firm, and the company’s clinical pathologists and managers. The deal​ value is approximately $1.92bn. Following the completion of the acquisition, which is subject to the legislative information process involving the Company's works council and regulatory approvals, Partners Group and PSP Investments will work with Cerba's management team, led by CEO Catherine Courboillet, to support the numerous growth opportunities of the business. These include the continuation of the Company's highly successful M&A strategy within the French market and internationally, as well as the acceleration of organic growth and development in other segments. "Cerba has enjoyed tremendous growth in the past decade. When we approached the transition to new ownership, we focused on finding partners who would not only support a continuation of this pace of growth, but could also bring valuable support in international development. We believe we have found the right partners in Partners Group and PSP Investments and look forward to working together with them to further build on Cerba's market-leading position." Catherine Courboillet, CEO, Cerba HealthCare. "Cerba is a resilient market leader in a highly attractive and fragmented sub-sector of the healthcare industry. The unique fully integrated business model means that Cerba is ideally positioned to further consolidate the French market and accelerate organic growth. We have been impressed by Catherine Courboillet's strategy of entering new business areas and optimizing Cerba's retail portfolio. We look forward to working together with Catherine and her team and our investment partner PSP Investments to continue strengthening Cerba's market leadership position." Kim Nguyen, Managing Director, Private Equity Europe, Partners Group.