Deals
Reckitt Kicks Off $10 Billion Infant Nutrition Business Sale
- Unit draws early interest from firms including Blackstone, KKR
- U.K. consumer giant seeks bids for business by late May
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Blackstone Inc., Carlyle Group Inc. and KKR & Co. are among the buyout firms studying Reckitt Benckiser Group Plc’s infant nutrition business, as the British consumer goods firm pursues one of its largest-ever disposals, people with knowledge of the matter said.
Other potential bidders include Bain Capital, CVC Capital Partners and Clayton Dubilier & Rice, according to the people, who asked not to be identified because the information is private. The unit, which sells brands including Enfamil formula, could fetch $7 billion to $10 billion, the people said.