Private equity firms Doughty Hanson, Bridgepoint and BC Partners are currently bidding for forensic research group, LGC.
LGC supports the police with solving murders and tests food and drugs for safety. It is majority owned by Legal & General’s private equity arm LGV Capital. LGC was bought by LGV for £70m in 2003 from 3i.
KPMG is running the auction, which is expected to see several private equity firms place bids of around £200m.