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Advent Gains High-Potential ART Business Through Bharat Buy

Deal Gives Exit To Other PE Groups

 
• By Vibha Ravi

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.

Small shoes for the unborn baby in the belly of pregnant woman
Female Health, Assisted Reproduction Could Be Right Play For Advent • Source: Shutterstock

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.

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