India M&A Hourglass: Control Deals, ‘FOMO’, Monetization Calls At Family-Owned Firms

The founder and MD of investment bank Candle Partners reflects on key pharma M&A trends over the years and the shape of things to come including private equity action and how family-owned firms are weighing monetization and diversification options.

From record valuations to deals that have gone horribly wrong to growing private equity interest and generational shifts in family-controlled firms that are triggering monetizing calls, India’s pharma mergers and acquisitions (M&A) landscape has seen distinct phases over the years.

Navroz Mahudawala, founder and managing director of investment bank Candle Partners, recalled how a couple of decades ago, pharma M&A...

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