Advent acquires majority stake in India's Suven Pharma
Advent International has agreed to acquire a 50.1% stake in India-listed drug industry supplier Suven Pharmaceuticals for INR 63.1bn (USD 761.5m) with plans to acquire an additional 26%.
The majority position is being acquired by various vehicles, including its 10th global flagship fund, which closed on USD 25bn last year. The seller is the Jasti family, which has called long-term plans...
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