iXO Private Equity backs CBM

The venture firm's investment strategy would however value the contribution in the €0.5-10m range. The fresh funds will enable the firm to expand the number of laboratories it operates from three to around ten within two years.

CBM also aims to double its turnover within this time frame - with a €20m target - and increase its number of staff from 100 to 160.

Founded in 1999, CBM is a medical analysis laboratory based in Toulouse. With a broad range of diagnostics on offer - including bacteriology, immunology and biochemistry - CBM targets both individuals and institutions such as private clinics and retirement homes.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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