Sky News reported on Sunday that Inflexion Private Equity Partners is among suitors for Haleon PLC’s Nicotinell anti-smoking aid.

Sky News reported that Inflexion, which has backed companies such as Goals Soccer Centres PLC and Mountain Warehouse Ltd, is on a list of bidders in talks with Haleon about buying the Nicotinell brand.

https://news.sky.com/story/inflexion-among-suitors-for-haleons-nicotinell-anti-smoking-aid-12935166

In July, Bloomberg had reported that Haleon was exploring a potential divestment of some smoking cessation products, including the Nicotinell brand of nicotine gum, patches and lozenges.

Bloomberg sources said the business is attracting interest from both investment firms and consumer companies and could be worth up to $800 million in a sale, as Haleon reportedly seeks to offload non-core businesses.

However, Sky News said that bidders are hoping to pay ‘substantially less’ than the $800 million price tag.

Sky News noted that Inflexion declined to comment.

Under Chief Executive Officer Brian McNamara, Sky News said Haleon wants to sell non-core brands in order to drive a more focused portfolio and pay down debt.

Shares in Haleon, which was spun off from GSK PLC last year, were untraded at 320.05 pence each early Monday. It has a market capitalisation of £29.64 billion.

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