Buyout Firms Said to Circle Reckitt’s £6 Billion Homecare Assets
- Advent, Apollo, CD&R, PAI among PE firms studying portfolio
- Reckitt Benckiser has sent out teasers to potential suitors
Reckitt in July unveiled plans to sell some of the homecare brands it deemed non-core and also review options for its infant formula business.
Photographer: Chris Ratcliffe/BloombergAdvent International and Apollo Global Management Inc. are among buyout firms studying a potential acquisition of Reckitt Benckiser Group Plc’s homecare assets, according to people familiar with the matter.
Clayton Dubilier & Rice and PAI Partners are also some of the interested parties for the business, the people said, asking not to be identified as the information isn’t public. Reckitt is targeting a valuation of more than £6 billion ($7.7 billion) for the assets, while some of the potential suitors believe the business should be valued lower, the people said. Reckitt has sent out teasers with an overview of the business to potential buyers, they said.