Carlyle prepares bid for Reckitt’s Chinese infant nutrition unit – report

Carlyle is likely one of the potential patrons of Reckitt Benckiser‘s toddler diet enterprise in China, Sky News reported.

The non-public fairness group, one of many world’s largest, is amongst a number of patrons getting ready provides for the Greater China unit of Mead Johnson earlier than a deadline of Thursday, Sky mentioned.

Yili, one of many largest present operators in China’s toddler diet market, can be anticipated to bid together with different monetary and strategic potential patrons.

The sale is anticipated to fetch as much as $2bn (£1.4bn), which displays Reckitt’s issues with the enterprise after shopping for Mead Johnson for nearly $18bn in 2017. The birthrate on this planet’s most populous nation had dropped to its lowest since 1949.

A sale of the enterprise seems to be overwhelmingly seemingly, Sky reported, citing folks near Reckitt.

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