KKR plans buying stake in Gland Pharma investing $200 million

KKR to acquire stake in Gland Pharma

9:48 AM, 3rd December 2013
KKR buying stakes in Gland Pharma i

HYDERABAD, INDIA: US private equity firm KKR & Co LP had agreed to invest about $200 million to buy a minority stake in Gland Pharma. KKR will acquire the minority stake in Gland Pharma, including the entire stake held by private equity fund, Evolvence India Life science Fund. The size of the stake was not disclosed.

KKR’S latest investment in India underscores the positive outlook for generic drugmakers, despite some concerns about manufacturing quality after the recent crackdown by overseas regulators including the US Food and Drug Administration.

KKR’s investment in Gland, which is subject to regulatory approvals, will represent the New York-based firm’s second private equity transaction in India this year. KKR has invested about $1 billion in companies in Asia over the last two months.

 

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