CD&R Said to Lead Bidding for Stada as Owners Seek €11 Billion

Clayton Dubilier & Rice is emerging as frontrunner to acquire Stada Arzneimittel AG as its current owners move closer to a decision over how to exit the German generic drugmaker, people with knowledge of the matter said.

The buyout firm is seen as the party to beat when suitors are expected to submit offers this week, the people said, asking not to be identified because the information is private. KKR & Co. and CVC Capital Partners Plc have also expressed interest in Stada, according to the people.

Stada’s private equity owners, Bain Capitaland Cinven, are seeking a valuation ...