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Announced

Quadria Capital and Gulf Islamic Investments to acquire a minority stake in Encube Ethicals from Multiples Alternate for $119m.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Pending

Cross Border

Minority

India

Friendly

pharmaceuticals

Pharmaceuticals

Acquisition

Synopsis

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Quadria Capital, a private healthcare investor, and Gulf Islamic Investments, a financial services company, agreed to acquire a minority stake in Encube Ethicals, a global player in manufacturing of topical drugs, from Multiples Alternate, a private equity firm, for $119m. “It was an exceptional partnership and transformational journey for our company. I am now pleased to have Asia’s largest private healthcare investor, Quadria Capital on-board with us for Encube’s Growth 2.0 journey. We aspire to grow organically and inorganically, and will be making long-term investments across the value chain. I am certain that matching our capabilities to our Topical focussed strategy will best position Encube to continue to create and deliver value," Mehul Shah, Encube Founder and Managing Director.

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