CDPQ invests in Biogroup-LCD
Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ) has acquired a minority stake in France-based Biogroup-LCD, a network of medical and biology laboratories, according to press reports.
CDPQ has invested €180m through a capital increase, while founder and CEO Stephane Eimer retains a majority stake in the business, according to French publication Capital Finance.
CDPQ was not available for comment on the transaction.
Founded in 1998 and based in Saint-Denis, Biogroup-LCD manages 150 medical biology laboratories across France, employing 2,200 staff and 220 medical biologists, doctors and pharmacists. The company serves 20,000 patients every day, and offers 2,000 routine and specialised daily examinations. Biogroup-LCD recorded €400m in turnover last year, according to Capital Finance.
The Canadian pension fund's most recent investments in the region include industrial and manufacturing business Delachaux in June and industrial engineering firm Fives, in January.
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