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PE major Advent snaps up Eureka Forbes for Rs 4,400 crore
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Advent International to Buy Controlling stake in Eureka Forbes
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Shapoorji Pallonji Group Completes Sales Process Of Eureka Forbes, Sells To Advent For Rs 4,400 Crore
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Shapoorji Pallonji Group To Sell Majority Stake In Eureka Forbes To PE Firm Advent
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Advent International acquires majority stake in ZCL Chemicals
Advent International acquires majority stake in ZCL Chemicals
10 February 2021 | News ZCL is one of the fastest growing manufacturers of specialty active pharmaceutical ingredients (APIs) and advanced intermediates
Source credit: Shutterstock
Advent International, one of the largest and most experienced global private equity investors, announced that it has signed a definitive agreement to acquire a majority stake in ZCL Chemicals Limited, one the fastest growing pharmaceutical companies in India. The business was formerly known as Zandu Chemicals Ltd.
With this transaction, Morgan Stanley Private Equity Asia (MSPEA), a private equity platform that previously managed a minority investment in ZCL, will exit their investment.