Sanofi Looks To Sell $20B Icy Hot Division: Likely Bidders Include Advent, PAI Partners, Blackstone, CVC
Portfolio Pulse from Vandana Singh
Sanofi SA (NASDAQ:SNY) is seeking bids for its $20 billion consumer health division, which includes products like Icy Hot. Potential buyers include Advent, PAI Partners, Blackstone Inc (NYSE:BX), and others. Sanofi may retain a minority stake post-sale. This move aligns with industry peers like GSK Plc (NYSE:GSK) and Johnson & Johnson (NYSE:JNJ), who have also divested their consumer divisions.
June 26, 2024 | 1:16 pm
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NEUTRAL IMPACT
Sanofi's move to sell its consumer health division aligns with GSK's previous divestment of its consumer division.
GSK has already divested its consumer health division, so the direct impact is limited but it shows a trend in the industry.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Sanofi's potential sale of its consumer health division is similar to Johnson & Johnson's divestment of its consumer division.
Johnson & Johnson has already divested its consumer health division, so the direct impact is limited but it shows a trend in the industry.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Blackstone Inc is among the potential bidders for Sanofi's $20 billion consumer health division.
If Blackstone wins the bid, it could significantly expand its portfolio in the healthcare sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Sanofi is seeking bids for its $20 billion consumer health division, which could lead to a significant restructuring of the company.
The sale of a major division could unlock value for shareholders and align Sanofi with industry peers who have made similar moves.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100