(Alliance News) - GlaxoSmithKline PLC's consumer unit is drawing interest from private equity firms in what could lead to the biggest buyout of all time, Bloomberg reported Tuesday, citing people with knowledge of the matter.
According to Bloomberg, Advent International, CVC Capital Partners and KKR & Co were among potential suitors evaluating the business. Further, Blackstone, Carlyle Group and Permira were also seen as likely suitors for the unit, which could be valued at GBP40 billion.
https://www.bloomberg.com/news/articles/2021-10-12/glaxo-s-54-billion-consumer-arm-is-said-to-draw-buyout-interest
GlaxoSmithKline shares closed up 1.2% at 1,409.80 pence on Tuesday in London.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Glaxosmithkline (GSK)