Blackstone exits Emcure Pharma to Bain
The Blackstone Group will exit its 2006 investment in India’s Emcure Pharmaceuticals to Bain Capital. Financial terms of the deal were not disclosed but it is reportedly worth INR7 billion ($112.8 million)
Blackstone Capital Partners Fund V originally invested $50 million and holds a 13.09% stake in the company. According to local media, Blackstone will generate a money multiple of almost 3x and an IRR of...
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