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Advent International enters agreements to buy Zentiva from Sanofi for €1.9bn; deal closes
21 Aug 2020
Executive Summary
Sanofi confirmed that is in exclusive negotiations to divest its European generics business Zentiva BV to private equity firm Advent International for €1.9bn ($2.3bn). The deal is said to be binding and fully financed, and could close by the end of year, pending definitive agreements and regulatory approval.
Deal Industry
- Pharmaceuticals
-
Pharmaceuticals
- Generic Drugs
- Nutraceuticals
- OTC, Consumer
Deal Status
- Final
Deal Type
-
Acquisition
- Buy-out
- Divestiture/Spin-Out
- Full Acquisition
- Payment Includes Cash
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