Bain Capital is exploring a sale of Centrient Pharmaceuticals, an antibodies manufacturer that could be valued at as much as €1 billion ($1.1 billion), people familiar with the matter said.
The private equity firm is working with Citigroup Inc. and Jefferies Financial Group Inc. on a possible divestment of Netherlands-based Centrient, according to the people, who asked not to be identified discussing confidential information.
Deliberations are ongoing and there’s no certainty they will result in a sale, the people said. Representatives for Bain, Citigroup and Jefferies declined to comment.
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Bain acquired Centrient, which was previously called DSM Sinochem Pharmaceuticals, in 2018. Centrient makes intermediates and active pharmaceutical ingredients, as well as tablets, capsules and other finished dosage forms, according to its website.
Bankers are expecting an increase in private equity exits this year, with buyout firms under pressure to return cash to investors after a prolonged period of inactivity.
Source:BNNBloomberg
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