The French buyout firm PAI Partners is advancing discussions with Abu Dhabi Investment Authority (ADIA) to bolster its bid for Sanofi's consumer health division. This division, which Sanofi plans to divest later this year, could be valued at approximately €15 billion ($16.7 billion). ADIA's involvement is part of a broader trend where Gulf sovereign wealth funds are increasingly participating in global M&A activities. PAI’s consortium may face stiff competition from New York-based Clayton Dubilier & Rice, who are also eyeing the acquisition.
