Stada attracts possible financial investors including Advent, Bain, Blackstone, CVC and Permira - report (translated)
Stada management has been approached by several financial investors interested in obtaining a stake in the German drug company, Frankfurter Allgemeine reported.
The German-language daily, without identifying sources, said that since a shareholders' meeting two months ago, financial investors including Advent, Bain, Blackstone, CVC and Permira have sought conversations with the management about making an equity investment. However, the newspaper was told that the management has blocked such talks.
Sources close to Stada were cited as saying that in principle, the listed company's leadership is not totally opposed to such talks, but will only provide a deep look into company finances if the interested party has a concrete proposal.
The report said Stada's management, advised by the investment bank Perella Weinberg, is seeking strategic options to keep Stada operating independently. Stada management is considering whether the company might make large acquisitions, according to the daily's information.
The report said Stada has a market capitalization of EUR 2.8bn.