Advent International is speaking to potential partners including sovereign wealth fund Abu Dhabi Investment Authority about teaming up for its own planned offer, the people said, asking not to be identified because the information is private. Bain and Cinven already jointly own German generic drugmaker Stada Arzneimittel AG and have been considering an '11 billion ($11.8 billion)-plus sale of that business, Bloomberg News has reported. Advent recently teamed up with ADIA on a deal for a minority stake in Fisher Investments. First-round bids for the Sanofi consumer health business are expected by mid-July, Bloomberg News has reported. A sale of the unit, which sells over-the-counter products including Phytoxil cough syrups and Icy Hot pain relief gels, could rank among one of the largest deals in Europe this year. Sanofi announced its plans to review all options to split the consumer health unit last October, as it looks to generate better long-term value from cutting-edge therapies,...
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