Post by Natalie Mackscheidt

Bain Capital and Cinven have signed a definitive agreement to sell a majority stake in STADA Arzneimittel AG (“STADA”) to CapVest Partners LLP (“CapVest”). My EY and EY-Parthenon colleagues and I supported Bain Capital and Cinven in this transaction on the sell-side as well as for the aborted IPO preparations. We provided financial vendor due diligence including operational assessment and pension due diligence, tax services, valuation and accounting services, as well as financial modeling (using EY‘s CARVEx toolset) and business plan support. I would like to congratulate the teams of Bain Capital, Cinven, STADA as well as CapVest on behalf of the entire EY and EY-Parthenon team for this successful transaction. I’m proud that we were able to support all the parties in this highly demanding and complex journey. We are looking forward to working with all the teams on future projects. Additionally, I would like to personally thank each of my colleagues for their unwavering dedication, patience, and continuous engagement throughout the entire project. It’s been a true team effort, and your collective contributions have truly made this project a success: A multidisciplinary team of EY and EY-Parthenon professionals, led by Natalie Mackscheidt and Michael Vogel, provided Bain Capital and Cinven sell-side services in this transaction as well as for the aborted IPO preparations (see also our article below). The financial and tax services were performed by the following teams: Financial vendor due diligence including operational assessment and pension due diligence: Natalie Mackscheidt Greg Hopkinson Elena G Shiryaevskaya, Manuel Hubner, CFA Ömer Faruk Bak Jamal Baghirov and Olga Nenastina, furthermore Dr. Dierk Buss and Christopher Gruene as well as Karl Wirth and Christoph Steudel. Tax services: Michael Vogel Mandy Otto Marina Köpke Joshua Ruland and Uwe Bühler as well as a team of other German/non-German tax colleagues. Valuation and accounting: Thomas Grohmann and Peter Martchev as well as Ralf Geisler. Financial modeling (using EY‘s CARVEx toolset) and business plan support: Sebastian Schmidt Martin Teller, CFA and Dr. Gereon Markus Hillert, CFA. #EYParthenonDeals #SellandSeparate #ShapeTheFutureWithConfidence