Deals
PE Firms Eye €7.5 Billion Buyout Financing for Sanofi Unit
- Consumer-health unit could be one of biggest recent LBOs
- CD&R among private equity firms looking at consumer unit
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Potential bidders for Sanofi’s consumer health division are mulling debt packages of about €7.5 billion ($8.16 billion), according to people familiar with the matter, which would make it one of the biggest leveraged buyout financings in recent years.
Would-be buyers are set to approach both banks and direct lenders, said the people, who asked not to be identified because the process is confidential.