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New Deal


Announced

Actis to acquire RX Propellant for $200m.

Financials

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Transaction Value£160m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Friendly

India

Acquisition

Pending

Cross Border

Single Bidder

real estate solutions

life sciences realty

Real Estate Services

Private Equity

Synopsis

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Actis, a global investor in sustainable infrastructure, agreed to acquire RX Propellant, a platform focused on providing real estate solutions to tenants in the life sciences and related sectors in India, for $200m. "Life sciences corporations have unique requirements and often need customised real estate solutions which are deficient in supply. The Rx Propellant management team, with over a decade-long domain experience, looks to fill this gap, and help support India-bound drug discovery and manufacturing programs by providing customised real estate solutions," Ashish Singh, Actis Partner and Head of India and SE Asia Real Estate.

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