financetom
Business
financetom
/
Business
/
CapVest agrees to take majority stake in Stada, ending IPO plans
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CapVest agrees to take majority stake in Stada, ending IPO plans
Sep 1, 2025 1:11 AM

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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kennametal's Fiscal Q1 Adjusted Earnings, Sales Fall
Kennametal's Fiscal Q1 Adjusted Earnings, Sales Fall
Nov 6, 2024
07:01 AM EST, 11/06/2024 (MT Newswires) -- Kennametal ( KMT ) reported fiscal Q1 adjusted net income Wednesday of $0.29 per diluted share, down from $0.41 a year earlier. Analysts polled by Capital IQ expected $0.26. Sales for the quarter ended Sept. 30 were $481.9 million, down from $492.5 million a year earlier. Analysts surveyed by Capital IQ expected $484.9...
Trump Media, Tesla shares surge as former president wins second term
Trump Media, Tesla shares surge as former president wins second term
Nov 6, 2024
(Reuters) -Shares of Trump Media, Tesla and domestic-focused small-cap companies surged on Wednesday as Donald Trump was elected U.S. president for the second time, fueling expectations of higher domestic growth. Capping a remarkable comeback after four years, Trump's victory in the swing state of Wisconsin pushed him over the threshold required to win the White House. Tesla jumped 15% as...
CGI Reports Higher Q4 Profit, Revenue
CGI Reports Higher Q4 Profit, Revenue
Nov 6, 2024
06:49 AM EST, 11/06/2024 (MT Newswires) -- CGI (GIB-A.TO, GIB) on Wednesday said fourth-quarter profit rose on higher revenue. Net earnings, excluding specific items, rose to $439.1 million, or $1.92 per share, from $421.2 million, or $1.71 per share last year. The result was just above a consensus analyst forecast of $1.91, according to Capital IQ. Revenue increased 4.4% to...
Donald Trump Clinches US Presidential Election Victory
Donald Trump Clinches US Presidential Election Victory
Nov 6, 2024
06:03 AM EST, 11/06/2024 (MT Newswires) -- Donald Trump has won the US presidential election, defeating Vice President Kamala Harris, news outlets reported Wednesday. The Republican clinched victory after winning the 10 electoral college votes in the hotly contested state of Wisconsin, giving him at least 277 electors, more than the majority needed to win, the Associated Press reported. Trump...
Copyright 2023-2026 - www.financetom.com All Rights Reserved