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TPG to pick 35% stake in Schott Poonawalla
Hindustan Times East UP
|May 07, 2025
Schott Pharma on Tuesday said global alternative asset management firm TPG will acquire a 35% stake in its joint venture Schott Poonawalla from Serum Institute of India (SII) for an undisclosed sum.
NEW DELHI:
TPG has entered into a binding agreement to acquire a 35% stake in Schott Poonawalla -- a joint venture of Schott Pharma and SII, part of the Cyrus Poonawalla Group and a global leader in vaccine manufacturing, dedicated to providing affordable vaccines worldwide, Schott Pharma said in a statement.
TPG Growth, TPG's middle market and growth equity platform, is funding the investment, along with Novo Holdings as a co-investor. Following the transaction, SII will retain a minority stake in the company, it added.
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