US-based private equity (PE) firm Advent International will acquire a majority stake from multiple shareholders in the privately-held, Indian biopharmaceutical company Bharat Serums and Vaccines Ltd (BSVL) for an undisclosed amount.
Advent Gains High-Potential ART Business Through Bharat Buy
Deal Gives Exit To Other PE Groups
With a majority stake in Bharat Serums, Advent gains access to biologics in gynecology and high-potential assisted reproductive technology. The deal also provides an exit to two other PE funds - OrbiMed and Kotak.
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