Deals
Advent, Blackstone Among Firms Circling $20 Billion Sanofi Arm
- CVC, EQT, KKR are also studying consumer health unit
- Sanofi is working with advisers on separation of business
The Sanofi headquarters in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Some of the world’s largest buyout firms, including Advent International and Blackstone Inc., are circling the consumer health division of French pharmaceutical giant Sanofi ahead of a potential separation of the business, according to people familiar with the matter.
The business is also drawing early interest from Bain Capital, CVC Capital Partners, EQT AB and KKR & Co., the people said, asking not to be identified as the matter is private. The unit could be valued at about $20 billion in any deal, they said.