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Ampersand Capital exits lab business Viracor in $255m sale

3 Jul 2014

VIBT lab helixAmpersand Capital Partners has exited its majority stake in speciality testing lab Viracor-IBT Laboratories to Eurofins Scientific as part of a $255m sale.

The private equity firm created ViraCor in 2009 by merging two independent labs in Kansas City before adding on two more businesses through bolt-on deals.

VIBT provides highly-specialized, complex diagnostic tests available for infectious disease, immunology and allergy complications.

Mid-market focused Ampersand targets growth equity investments in the healthcare sector, and has managed $1bn in private equity partnerships.

In April it emerged that Ampersand had raised more than $100m towards its latest fund.

Ampersand has raised seven funds over the past 20 years, producing a 24 per cent pooled IRR.

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