CD&R to Acquire Sanofi's Consumer Health Unit in $16.4 Billion Deal

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4 days ago
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Private equity firm Clayton Dubilier & Rice (CD&R) has announced a significant acquisition of Opella, the consumer health division of Sanofi (SNY, Financial). The deal is valued at approximately 15 billion euros, equivalent to $16.4 billion. This strategic move is one of the largest transactions in Europe this year.

The acquisition is backed by a consortium of 22 banks, which include major financial institutions like Goldman Sachs and Citigroup. These lenders are set to sign an agreement soon to provide financing for the deal. The funding package includes 8.65 billion euros, or about $9.4 billion, in loans and bonds denominated in both euros and dollars.

This acquisition underscores CD&R's commitment to enhancing its portfolio in the healthcare sector by capitalizing on Sanofi's well-established consumer health platform.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.