Private equity firm Bain Capital has acquired Hyderabad-based Porus Laboratories as part of its strategy to expand its portfolio of investments in the specialty chemicals sector. Financial details of the deal were not disclosed.
Mint first reported on 30 March that several PE firms including Bain, CVC Capital, and Advent International were vying for Porus. Mint again reported on 11 May that Bain was leading the race for Porus, having signed an exclusivity pact with the company’s promoters. A potential deal was estimated at ₹2,500-3,000 crore ($302-363 million) at the time, the report said.
The completion of the transaction is contingent upon securing necessary approvals from relevant authorities, according to a statement from Bain.
Diese Geschichte stammt aus der June 09, 2023-Ausgabe von Mint Mumbai.
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