Bankers Prepare for Stada Sale With €6 Billion Debt Package
- Bankers are already lining up options for possible Stada deal
- Advisers expected to be appointed shortly; dual-track possible
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Bankers eager to finance a buyout of German drugmaker Stada Arzneimittel AG are considering a debt package as high as €6 billion ($6.3 billion), pegging the coveted deal as a bellwether for the market.
Even though Stada’s private equity owners haven’t officially started the sale, the deal may be so lucrative that banks are moving early and at speed, said people familiar with the matter. There’s been a renewed sense of confidence among lenders to underwrite mergers and acquisitions after the success of buyout financings including Worldpay Inc. and Infra Group.