Suven Pharmaceuticals Limited (Suven), one of India's largest integrated CDMO players, has entered into a definitive agreement for a strategic controlling investment in Sapala Organics Private Limited (Sapala), subject to regulatory approvals and conditions.
Suven will initially acquire a 67.5% equity stake of Sapala subject to customary working capital and net debt adjustments, the remaining stake a few months after FY2026-27, as per the terms of the definitive agreements, the company told stock exchanges.
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Suven Pharmaceuticals Ltd on Friday (February 23) said the US Food & Drug Administration (US FDA) has completed the pre-approval inspections (PAI) and good manufacturing practices (GMP) inspections at the company's facilities in Hyderabad.
Private equity firm Advent International on Friday announced the completion of its majority acquisition of Hyderabad-based listed contract development and manufacturing organisation (CDMO) Suven Pharma. nnnRead more at: nhttps://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/pe-advent-completes-acquisition-of-suven-pharma-appoints-new-board-and-management-team/articleshow/104050279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Cabinet clears Advent's acquisition of Suven Pharma for Rs 9,589 crore
The acquisition is “by way of a share purchase agreement of December 26, 2022 and pursuant to the mandatory open offer in compliance with the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) Regulations, 2011”, the competition regulator said in a statement.
Advent International (Advent), one of the largest and most experienced global private equity investors, has entered into a definitive agreement to acquire significant stake in Suven Pharmaceuticals (Suven Pharma) from the Jasti family, subject to regulatory approvals and conditions.
Private equity investors Blackstone and Advent International are in separate talks to buy a controlling stake in Suven Pharmaceuticals, Livemint reported on November 4, citing people with knowledge of the development.