PE Firms Eye €7.5 Billion Buyout Financing for Sanofi Unit (1)

Potential bidders for Sanofi’s consumer health division are mulling debt packages of about €7.5 billion ($8.16 billion), according to people familiar with the matter, which would make it one of the biggest leveraged buyout financings in recent years.

Would-be buyers are set to approach both banks and direct lenders, said the people, who asked not to be identified because the process is confidential.

Private equity firms Advent International, Blackstone Inc., Bain Capital, CVC Capital Partners, EQT AB and KKR & Co. were among those to have shown interest in the unit, which could be valued at about $20 billion ...