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Thursday, 31 July 2014 12:55

MPVenture sells its stake in SDN S.p.A to LABCO

Milan, July 30, 2014


MPVenture SGR has sold its stake in SDN SpA, on behalf of the closed end fund MPVenture Sud 2, to LABCO, a European leading diagnostic group.

SDN is the Italian leading provider of medical imaging and laboratory diagnostic services based in Naples, with annual revenues of around Euro 48 million.

The divestment has been successfully completed by MPVenture after SDN achieved its development targets. The integration with LABCO is a new strategic opportunity for the professional team of SDN.

EY and Studio Legale Bettini Formigaro Pericu acted as respectively financial and legal advisor for SDN’s selling shareholders. Marco Canale and Domenico Intrieri led the transaction for MPVenture.

MPVenture SGR (www.mpventure.it) is a leading private equity investor in the Italian mid market. The closed end funds under management have original commitments of around Euro 400million and have completed 41 investments and 28 divestments. From the beginning of its activities, the focus of MPVenture investment approach is on companies with reliable growth strategies and high value creation potential.