Private equity firms Advent International and PAI Partners are among suitors that submitted first-round offers for French drugmaker Sanofi SA’s consumer health division, according to people familiar with the matter. Buyout firm Clayton Dubilier & Rice has also put in an initial bid for the Sanofi business, which sells over-the-counter products including Phytoxil cough syrups and Icy Hot pain relief gels, the people said. Some of the proposals valued the unit at as much as €15 billion ($16 billion), the people said.
Read the full article: Sanofi’s Consumer Arm Said to Draw Bids From Advent, PAI, CD&R //
Source: https://www.bloomberg.com/news/articles/2024-07-17/sanofi-s-consumer-arm-said-to-draw-bids-from-advent-pai-cd-r