Ardian-Backed Lab Chain Inovie Is Said to Weigh €3 Billion Sale

Inovie Group, the French laboratories chain backed by buyout firm Ardian SAS, is considering a potential sale that could value the business at more than €3 billion ($3.2 billion), according to people familiar with the matter.

Owners of the French company, which operates more than 650 laboratory sites, are working with advisers to prepare for a potential sale of the business in the second half of the year, the people said, asking not to be identified as the matter is private. Inovie, which was founded in 2010, could draw interest from other private equity firms and infrastructure investors, ...