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Advent International acquires ZCL Chemicals for Rs 2,000 Cr

Advent International acquires ZCL Chemicals for Rs 2,000 Cr Advent International acquires ZCL Chemicals for Rs 2,000 Cr 12 March 2021 | News Source credit: Shutterstock Parikh family, founder and promoters of ZCL Chemicals Limited has announced that they have sold the entire stake in the company to Advent International, one of the largest and most experienced global private equity investors, for an equity value of Rs 2,000 crore. Pursuant to the signing of definitive agreements last month, Parikh family sold its entire ~80 per cent holding and has completely exited ZCL. Of the above, ~26 per cent will be transferred subject to the customary closing conditions and receipt of all applicable regulatory approvals. Morgan Stanley Private Equity Asia, a private equity platform that acquired ~20 per cent stake in ZCL for Rs 150 crore in 2016, has also exited ZCL for Rs 390 crore. The Parikh family facilitated a seamless exit to the private equity fund through this transaction.

Nihar parikhZandu pharmaceuticalsAdvent internationalStanley private equity asiaZandu pharmaceuticals limitedZcl chemicalsMorgan stanley private equity asiaParikh familyநிஹார் பாறிக்ஜந்து மருந்துகள்ஸ்டான்லி ப்ரைவேட் பங்கு ஆசியாஜந்து மருந்துகள் வரையறுக்கப்பட்டவைமோர்கன் ஸ்டான்லி ப்ரைவேட் பங்கு ஆசியாபாறிக் குடும்பம்

Parikh family sells ZCL Chemicals to Advent for Rs 2K cr

Parikh family sells ZCL Chemicals to Advent for Rs 2K cr By IANS | Published on Thu, Mar 11 2021 16:57 IST | 0 Views Rupees.. Image Source: IANS News New Delhi, March 11 : The Parikh family, founder and promoter of ZCL Chemicals Limited (ZCL), announced on Thursday that it has sold the entire stake in the company to Advent International, one of the largest private equity investors, for an equity value of Rs 2,000 crore. Pusuant to the signing of definitive agreements last month, the Parikh family sold its entire 80 per cent holding to completely exit ZCL. Of the above, 26 per cent will be transferred subject to the customary closing conditions and receipt of all applicable regulatory approvals.

New delhiNihar parikhZandu pharmaceuticalsZandu chemicalsAdvent internationalChemicals limitedStanley private equity asiaZandu chemicals limitedZandu pharmaceuticals limitedபுதியது டெல்ஹிநிஹார் பாறிக்ஜந்து மருந்துகள்ஜந்து இரசாயனங்கள்இரசாயனங்கள் வரையறுக்கப்பட்டவைஸ்டான்லி ப்ரைவேட் பங்கு ஆசியாஜந்து இரசாயனங்கள் வரையறுக்கப்பட்டவை

Advent International acquires ZCL Chemicals for Rs 2,000 cr

Advent International acquires ZCL Chemicals for Rs 2,000 cr
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Nihar parikhZandu pharmaceuticalsAdvent internationalStanley private equity asiaZandu pharmaceuticals limitedநிஹார் பாறிக்ஜந்து மருந்துகள்ஸ்டான்லி ப்ரைவேட் பங்கு ஆசியாஜந்து மருந்துகள் வரையறுக்கப்பட்டவை

Zandu Chemicals Limited sold to Advent for Rs 2000 cr

Zandu Chemicals Limited sold to Advent for Rs 2000 cr By IANS| Updated: 11th March 2021 6:13 pm IST New Delhi: The Parikh family, founder and promoter of ZCL Chemicals Limited (ZCL), announced on Thursday that it has sold the entire stake in the company to Advent International, one of the largest private equity investors, for an equity value of Rs 2,000 crore. Pusuant to the signing of definitive agreements last month, the Parikh family sold its entire 80 per cent holding to completely exit ZCL. Of the above, 26 per cent will be transferred subject to the customary closing conditions and receipt of all applicable regulatory approvals.

New delhiNihar parikhZandu pharmaceuticalsZandu chemicalsAdvent internationalChemicals limitedStanley private equity asiaZandu chemicals limitedZandu pharmaceuticals limitedSiasat dailyபுதியது டெல்ஹிநிஹார் பாறிக்ஜந்து மருந்துகள்ஜந்து இரசாயனங்கள்இரசாயனங்கள் வரையறுக்கப்பட்டவைஸ்டான்லி ப்ரைவேட் பங்கு ஆசியா

Bought for Rs 12 5 cr, sold at Rs 2000 cr; How Zandu scion scaled API biz 160 times in 12 yrs

Synopsis Nihar Parikh has sold 100% of ZCL, an API co to Advent International riding the industry upswing after turning around a once-sub scale operation. Nihar Parikh. Back in 2008, Nihar Parikh had no inkling about the ferocity of the takeover battle between his family and Kolkata based Emami who had raided their family’s crown jewel – the 100 year old OTC and ayurveda company Zandu Pharmaceuticals, makers of the eponymous pain relief balm, chyawanprash etc. Like most 22-year olds, Nihar loved his weekend pub crawls in Antwerp, taking several swigs of his favourite Belgian pale ales, after week long toils on the shop floor at the Johnson & Johnson speciality chemicals manufacturing plant at the industrial town of Geel where he was interning as a chemical engineer.

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