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Qiagen looking for minority PE partner in $1bn bioinformatics arm

Dutch diagnostics form Qiagen NV is considering selling a minority stake in its bioinformatics division, in a deal that could value that business at more than $1 billion, to a private equity investor, according to a Report by Bloomberg.

The report cites unnamed sources as revealing that the firm is working with a financial adviser as it explores bringing in an outside investor to provide additional funding to the unit which develops software for analysing biological data. 

Qiagen is reportedly planning to keep a majority stake in the profitable bioinformatics business, with talks said to be ongoing but no final decision having been made.
 

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