Lab equipment heavyweight Life Technologies attracts PE interest

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Life TechnologiesFour private equity firms are reportedly lining up to bid for biomedical laboratory equipment maker Life Technologies.

KKR, Blackstone Group, Bain Capital and TPG Capital are all interested in the company according to Reuters, which added that the world’s largest lab equipment maker Thermo Fisher had already held discussions with Life over a deal.

Reuters cited three sources familiar with the matter, who said California-headquartered Life has a market capitalisation of $10.7bn.

Thermo Fisher’s market capitalisation is more than twice that at about $25bn.

KKR, Bain and Blackstone were previously thought to be interested in lab equipment maker Beckman Coulter, which was eventually sold to Danaher Corp for $6.8bn in 2011.

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