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UK’s Aspire Acquired By HIG

Aspire CEO Talks About Expanding Geographical Footprint

 
• By Akriti Seth

UK firm Aspire, known for producing niche generics and specialty products, has found new ownership after being acquired by investment firm HIG Capital. Talking exclusively to Generics Bulletin, Aspire founder and CEO Graham Fraser-Pye, now chairman of the company, said that HIG would help Aspire grow and support new initiatives such as mergers and acquisitions and international expansion.

Investment
HIG Capital has become Aspire’s majority stakeholder • Source: Alamy

UK-based niche generics and specialty firm Aspire has announced that it has been acquired by investment company HIG Capital. Under the terms of the deal – for which financial details were not disclosed – Aspire’s existing board will remain in place, with founder Graham Fraser-Pye appointed as the new chairman, while board members from Miami-based HIG will continue being appointed.

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