Private equity firms reported to be eyeing bid for Elanco

Private equity firms reported to be eyeing bid for Elanco

Courtesy Elanco

Eli Lilly and Co. has several options for its animal health unit

Reports say Bain Capital, Advent International Corp. and Carlyle Group L.P. are among the firms that may look to bid for Elanco. According to a JPMorgan Chase & Co. estimate from December, the business could be valued at $14 billion to $16 billion.