L&G puts LGC up for sale as DNA profiling to solve crime increases

FORENSIC science group LGC, the company which helps with murder investigations and paternity testing, is up for sale.<br /><br />Legal &amp; General Ventures, the private equity group, is selling it off for &pound;200m, after acquiring it for &pound;80m in 2003.<br /><br />It is a massive turnaround for the group &ndash; which was also involved in investigating the case of murdered mother Rachel Nickell &ndash; as it raised just &pound;3m after privatisation in 1996.<br /><br />The sale comes as the government eyes a possible privatisation of the Forensic Science Service (FSS), the sole rival of LGC which is still publicly owned. City accountants and business adviser KPMG has been tasked with finding a buyer for the group.<br /><br />L&amp;G Ventures, which bought LGC from 3i, the private equity group, is hoping the sale will complete in the first half of next year.<br /><br />The amount of crimes solved via DNA profiling has quadrupled since 2004, boosting the amount of potential work for LGC in future.