NEW YORK (GenomeWeb) – Private equity firm GHO Capital today announced it has acquired DNA Diagnostics Center for €104 million ($118 million).
Other details of the deal were not disclosed.
DNA Diagnostics Center (DDC) provides private DNA testing services including biological family relationship testing, veterinary testing, forensic testing, and medical applications including cell-line authentication.
"The field of genetic diagnostics is an attractive, high-growth segment within healthcare, and as a well-established business with significant global potential, DDC is an excellent fit for [our] investment strategy," GHO Capital Executive Partner and Founder Mike Mortimer said in a statement.
London-based GHO Capital received corporate finance debt advisory services from Deloitte, debt financing for the transaction from Goldman Sachs, and legal advice from Ropes & Gray.
DDC provides paternity testing services for Natera. It received legal advice from Hogan Lovells and financial advisory services from Baird.
Based in Fairfield, Ohio, DDC processes more than 750,000 tests annually, GHO Capital said. DDC also has operations in London and employs 245 people globally.