Credit: yotrakbutda – stock.adobe.com Cyril Amarchand, Shardul Amarchand Advise on Advent's $762M India Acquisition
The private equity giant has agreed to buy 50.1% of Suven from India's Jasti family.
January 05, 2023 at 09:17 AM
2 minute read
Private equity giant Advent International is purchasing a controlling stake in India's Suven Pharmaceuticals, a Hyderabad-based contract research and manufacturing services company, for $762 million.
Advent has agreed to buy 50.1% of Suven from India's Jasti family, a deal that will trigger a mandatory offer by Advent to Suven's minority shareholders for another 26% stake.
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