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Goldman Sachs invests in Aragen Life Sciences (GVK Bio) - The Hindu BusinessLine


Goldman Sachs invests in Aragen Life Sciences (GVK Bio)
May 20, 2021
The company has invested more than $3.6 billion in capital since 2006
Goldman Sachs has acquired a significant minority stake in Aragen Life Sciences (Aragen), formerly known as GVK Biosciences, by acquiring shares previously held by ChrysCapital and other existing shareholders.
Aragen is a leading provider of outsourced discovery, development, and manufacturing services across both large and small molecule platforms.
Promoted by GV Sanjay Reddy of the Hyderabad based GVK Group in 2001, it has become a specialised contract research organisation. In 2004, DS Brar of Ranbaxy became a co-promoter.
While the company did not disclose a deal value, the acquisition of 33 per cent stake is estimated to be about ₹2,400 crore with the company valued at ₹7,300 crore (about a billion dollars). ....

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