Overview

• Bain Capital and Cinven agreed to sell a controlling stake to CapVest and will retain a minority holding.
• Completion is targeted for early 2026, subject to antitrust and other regulatory clearances.
• Financial terms were not disclosed, though Bloomberg reported an estimated price of about €10 billion including debt.
• The sale replaces preparations for an autumn listing that Stada’s chief had floated only days earlier.
• CapVest said it will deploy substantial new capital to accelerate growth, following first-half results of about €2.1 billion in revenue and €481 million in adjusted EBITDA.