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

More Buyers Than Sellers In Sector?

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...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Business

More from Scrip