Blackstone, Bain Capital and Taisho Pharmaceutical are among the final bidders for Takeda Pharmaceutical's consumer drug business in Japan, a ...
Blackstone, Bain Capital and Taisho Pharmaceutical are among the final bidders for Takeda Pharmaceutical's consumer drug business in Japan, a deal that could be worth up to 400 billion yen , three people familiar with the deal said.
Japan's Taisho Pharmaceutical Holdings Co Ltd is the front runner for the deal, all three people said. CVC Capital Partners is also among the final bidders, they said.The sale of Takeda Consumer Healthcare Co, known for its Alinamin line of energy drinks, is part of Takeda's efforts to shed US$10 billion in non-core assets to reduce debt following its US$59 billion purchase of Shire Plc.
Blackstone, Takeda, Taisho and Bain declined to comment. CVC was not immediately available for comment. Shortly before the Shire deal closed in 2019, Takeda Chief Executive Christophe Weber said it was unlikely the drugmaker would offload its over-the-counter business. But as major divestitures slowed, reaching US$7.7 billion through May, the company has focused on ridding itself of non-prescription drug products, with Weber saying"we are not an OTC company."
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