MONTREAL, Oct. 31, 2018 /CNW Telbec/ - Persistence Capital Partners ("PCP"), a leading Canadian healthcare-focusedprivate equity fund, is pleased to announce the sale of EnvironeX Group Inc. ("EnvironeX") to Eurofins Scientific (EUFI.PA), a global scientific leader in bioanalytical testing ("Eurofins").
Founded in 2005 by Marc
EnvironeX will complement Eurofins' environment testing footprint in Canada, which employs over 180 staff and operates from four laboratories and three service centres. The additional staff, locations, coverage and technical expertise will promote Eurofins' growth agenda in Canada, and its global commitment to the environment testing sector.
"PCP is proud to have invested in EnvironeX. Today, the Company is the benchmark for service and excellence in the environmental testing space in Canada. This excellence has allowed the Company to experience significant growth and expand its service offerings over the last number of years," said Stuart M. Elman, Managing Partner at PCP. "For the second time, it has been a privilege to collaborate and support a strong Quebec entrepreneur in Marc Hamilton and his team, as they set new standards for innovation and service, allowing PCP to deliver outstanding returns to our investors. We wish them continued success as they become part of Eurofins, a global leader in the sector."
About Persistence Capital Partners
Persistence Capital Partners is Canada's leading private equity fund exclusively focused on high-growth opportunities in the healthcare field. With deep healthcare industry expertise, PCP aims to create significant long-term capital appreciation for its investors by identifying and developing attractive investment opportunities in the Canadian healthcare market. PCP has offices in Montreal, Quebec, and Toronto, Ontario. For more information about Persistence Capital Partners, please visit www.persistencecapital.com, or contact:
Stuart M. ElmanManaging Partner, Persistence Capital Partners(514) firstname.lastname@example.org
For more information about Eurofins Scientific, please visit www.eurofins.com or contact:
Investor RelationsEurofins ScientificPhone: +32 2 766 1620E-mail: email@example.com
SOURCE Persistence Capital Partners
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