IndustriesHealth By Allegra Catelli, Jan-Henrik Foerster, Eyk Henning, and Manuel Baigorri November 19, 2025 at 6:48 PM GMT+8 Lone Star Funds, Altaris LLC and One Rock Capital Partners are among shortlisted bidders for Lonza Group AG’s capsules and health ingredients business, according to people familiar with the matter. The US private equity firms have entered into a second round of bidding for the assets, the people said, asking not to be identified because the information isn’t public. Other bidders could still emerge, the people said, adding that deliberations are ongoing and no final decisions have been made.