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Hot Space: PE Advent Snaps Up Second API Manufacturer In India

More Buyers Than Sellers In Sector?

 
• By Anju Ghangurde

Private equity investor Advent has acquired API maker ZCL Chemicals in India, its second transaction in a segment seeing rising interest as pharma de-risks sourcing for key ingredients post COVID-19-related turbulence.

Acquisition
PE Firms Zero In On Indian API Segment • Source: Shutterstock

The Indian active pharmaceutical ingredients (APIs) space continues to draw investor interest as drug makers pivot towards multi-source strategies for key starting materials to de-risk their business following pandemic-related disruptions.

The latest deal involves the buyout of ZCL Chemicals Limited (previously known as Zandu Chemicals Limited) by Advent International, marking...

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