
Quadria backs India drug maker Encube Ethicals

A consortium led by healthcare-focused Quadria Capital has invested in Indian topical drugs maker Encube Ethicals, facilitating an exit for Multiples Alternate Asset Management.
Gulf Islamic Investments, a United Arab Emirates-based private equity firm with $2.5 billion in assets under management, is part of the consortium. They are acquiring a combined 15% stake for $120 million,...
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