FRANKFURT, Sept 1 (Reuters) - Buyout firm CapVest
Partners is to acquire a majority stake in Stada Arzneimittel,
the German generic drugmaker said on Monday, in what is set to
become one of the biggest takeover deals in Europe this year.
The company, which was acquired by Bain and Cinven in 2017
and delisted thereafter, said in a statement that closing of the
CapVest deal was expected in early 2026, but it did not disclose
a price tag or the size of the stake.
"CapVest brings deep sector expertise and a strong track
record of over 20 years of investing in the healthcare industry,
making the firm ideally positioned to support Stada in its next
phase of growth," the company said.
The maker of generic prescription drugs and consumer health
products has previously said it was also prepared to go public
again, while a sale remained a consideration.
Bain Capital and Cinven will each retain a minority stake,
it added. Sources close to the investment firms had previously
told Reuters they had been eyeing a valuation of about 10
billion euros ($12 billion) in a stock market listing.
Bloomberg reported on Sunday that CapVest was nearing a deal
to acquire Stada for about 10 billion euros.
Financial advisers told Reuters in July they viewed Stada as
a candidate for an initial public offering during the second
half, alongside prosthetics maker Ottobock, Deutsche Boerse's
research and technology unit ISS Stoxx and
classifieds business Swiss Marketplace Group.
Last week, Stada reported that first-half earnings before
interest, tax, depreciation, amortization (EBITDA) and one-off
items rose a currency-adjusted 5% to 481 million euros ($563
million).
Bain, Cinven and Stada said in a joint statement that
Jefferies und Rothschild provided financial advice for the deal
while Morgan Stanley ( MS ), JPMorgan ( JPM ), Goldman Sachs ( GS ) and Deutsche Bank
advised both on the potential IPO and the takeover.
Stada said financial advisers to CapVest were Canson Capital
Partners and Centerview Partners.
($1 = 0.8542 euros)
(Reporting by Ludwig Burger; Editing by Friederike Heine and
Emelia Sithole-Matarise)