Carlyle's 20% Stake Gives Piramal Pharma 'War Chest' For Growth

Private equity group Carlyle has acquired 20% of Piramal’s pharma business for close to $500m, with the Indian group expected to use the capital raise to bolster organic and inorganic growth and deleverage the balance sheet.

Acquisition — Carlyle Bets On Piramal Pharma • Source: Shutterstock

Global investment firm The Carlyle Group is acquiring 20% in the Piramal group’s pharma business for around $490m, setting the stage for the Indian group to pursue an ambitious growth strategy including buyouts both on home turf and internationally.

The transaction ends months of build-up around an imminent deal involving Piramal, which was also speculated to have had private equity firms TPG Capital and KKR & Co. Inc in the fray

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