Ardian, a private equity firm, agreed to acquire a majority stake in GBA Group, a bio-analytical laboratory services provider, from Quadriga Capital, a private equity firm specializing bridge financing, delisting, expansion, and buyouts, for $1.6bn. “The management team of GBA would like to thank Quadriga Capital for their strong support over the last years enabling GBA to become an institutionalized platform, substantially widen its service portfolio throughout our three core segments and to extend our geographical reach. Ardian’s interest in GBA is a testament to our resilience, consistent growth, future growth opportunities and independent market positioning. By partnering with Ardian, GBA will gain access to a large international TIC network and will accelerate its growth through organic growth investments and further M&A," Steffen Walter, GBA CEO.