MUMBAI :
Including to a spate of personal fairness (PE) investments within the Indian pharma sector this yr, PE agency Introduction Worldwide on Thursday stated it has signed a definitive settlement to accumulate a controlling stake in RA Chem Pharma Ltd, a vertically-integrated pharmaceutical firm promoted by Micro Labs Ltd.
Whereas the 2 events didn’t disclose the monetary particulars of the transaction, an individual conscious of the event stated the deal valued RA Chem at ₹1,000 crore.
Based in 2003, Hyderabad-based RA Chem’s core focus is lively pharmaceutical ingredient (API). Nonetheless, over time, it has ahead built-in into pellets, formulations and scientific analysis to supply end-to-end choices to its prospects. Its product portfolio ranges from prescription drugs to area of interest areas of animal well being and cosmeceuticals. It has 4 manufacturing models, two analysis and growth centres and a scientific analysis facility.
Introduction has dedicated over $1.7 billion globally in six corporations within the healthcare sector within the final 12 months. The PE agency has additionally dedicated over $700 million in seven Indian companies in the identical interval throughout sectors reminiscent of healthcare, client, and monetary providers.
“We proceed to be enthusiastic about India’s pharmaceutical panorama and investing in RA Chem Pharma will additional strengthen our presence within the sector. We intention to construct one of many main API platforms in India and can leverage our monetary and operational assets globally to scale RA Chem Pharma each organically and inorganically,” stated Shweta Jalan, managing director and head of India, Introduction Worldwide.
Apart from RA Chem, Introduction’s different investments during the last 12 months embrace Bharat Serums and Vaccines, Aditya Birla Capital and DFM Meals.
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