Cinven Offers to Take Lab Firm Synlab Private at €2.2 Billion

Cinven has made an indicative offer to take Synlab AG private in a roughly €2.2 billion ($2.4 billion) deal, just two years after listing the German laboratory operator that’s now battling with reduced demand for its testing facilities.

The UK buyout firm has submitted a non-binding expression of interest to acquire Frankfurt-listed Synlab at €10 a share, according to a statement on Monday that confirmed an earlier Bloomberg News report.

Synlab said it was examining the proposal and that there’s no certainty Cinven, which already owns 43% of the company, would proceed with an acquisition. Shares in Synlab rose ...