Investindustrial Acquisition Corp. (NYSE:IIAC) is working with some banks on the possible sale of the Lifebrain s.r.l., in an operation that could value the Covid-19 test provider to over EUR 1 billion. Investindustrial, which is advised by JPMorgan and Goldman Sachs, has been approached by several interested parties in recent months and may decide to launch a sales process as early as May, the sources say.

No comment from Investindustrial, while it was not possible to have an immediate comment from EQT AB (publ) (OM:EQT).