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Sanofi's sale of a controlling stake in its Opella unit to US buyout firm Clayton Dubilier & Rice for €16 billion has concluded a year-long takeover battle marked by intense rivalry. The French drugmaker faced fierce opposition from Paris-based PAI Partners, which attempted to disrupt the deal, leading to public disputes and political tensions.
Private equity firms, including CVC Capital Partners and L Catterton, are competing to acquire German vitamin supplement maker Orthomol. Other bidders such as Advent International, Blackstone Inc., Groupe Bruxelles Lambert NV, and PAI Partners have also advanced in the bidding process. The company, along with its founding family, is seeking approximately €1 billion ($1.1 billion) for the sale, with Houlihan Lokey Inc. advising them.
Sanofi is negotiating to sell a 50% stake in its consumer healthcare division, Opella, to U.S. private equity firm CD&R for approximately 15.5 billion euros. The French government is closely monitoring the deal, emphasizing the need for economic commitments to maintain operations and decision-making in France.
PAI Partners SAS
Companies
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sanofi's sale of over-the-counter business sparks fierce takeover battle
06:00 24.10.2024
private equity firms vie for german vitamin maker orthomol
Euro
PAI Partners SAS
L Catterton IX LP
Advent International LP
Blackstone Inc.
CVC Capital Partners
DEU
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12:03 23.10.2024
Sanofi in talks to sell 50 percent stake in Opella to CD&R
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Les Echos A.C
Le Monde 3D Sàrl
Clayton Dubilier & Rice (CD&R)
Sanofi
PAI Partners SAS
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Marc Ferracci
Antoine Armand
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09:00 11.10.2024
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