मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
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Bain, KKR, Advent circle Sai Life for controlling stake
Mint Mumbai
|December 08, 2023
Global private equity funds, including Bain Capital, KKR, and Advent International, are in talks for a controlling stake in Sai Life Sciences at a valuation of $600-700 million, three people aware of the development said. Sai Life Sciences (SLS) is a Hyderabad-based pharmaceutical contract research and development, and manufacturing (CRDMO) firm.
PE firm TPG Capital, which had invested about $135 million ( ₹900 crore) in 2018, currently owns 43.4% stake in the company. Both TPG and its current promoter Krishna Kanumuri may sell stakes as part of the transaction.
The first round of bids came in November, and the three funds are in further discussions. "KKR, Advent, and Bain are carrying out due diligence, and are likely to submit final binding bids next month," the first person cited above said.
Spokespersons for Sai Life Sciences, Bain Capital and KKR did not respond to emailed queries on Thursday. Those for TPG and Advent International declined to comment.
यह कहानी Mint Mumbai के December 08, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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