Cinven promotes healthcare partner

Leslie was also involved in last October’s £2.3 billion ($3.4 million; €3.1 million) sale of generic drugmaker AMCo to Concordia.

Private equity firm Cinven has promoted Alex Leslie from senior principle to partner, as reported Private Healthcare Investor.

Leslie, who is part of the healthcare team headed by Supraj Rajagopalan, recently worked on the $1.2 billion acquisition of Labco and the firm’s purchase of Synlab. The two were merged together in a deal which had an enterprise value of around €2.9 billion and an entry multiple of about 9x, as reported by Private Equity International.

Leslie was also involved in last October’s £2.3 billion ($3.4 million; €3.1 million) sale of generic drugmaker AMCo to Concordia, in a deal that generated a return of more than 5x.

Read more by visiting http://www.privatehealthcareinvestor.com.