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Stada Settlements Secure Squeeze-Out

Nidda Agrees To Payout For Remaining Shareholders To Take 100% Ownership

 
• By Dave Wallace

Nidda Healthcare, the investment vehicle controlled by Bain Capital and Cinven, has secured a “timely” squeeze-out of minority shareholders in Stada through settlement terms that include a one-time payment of €0.10 per outstanding share for the remaining shareholders.

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Nidda will pay out an additional €0.10 per outstanding Stada share • Source: Shutterstock

Stada owner Nidda Healthcare, the investment vehicle controlled by Bain Capital Private Equity and Cinven Partners, says it has secured a “timely” squeeze-out of remaining Stada shareholders through settlement deals that will allow it to take 100% ownership of the German generics, biosimilars and consumer healthcare giant.

As of 5 June 2020, Nidda held 60,886,128 shares in Stada, representing around 97.7% of the company’s total. This was...

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