M&A M&A
Cadila Healthcare unit to sell two brands to PE firm True North unit Integrace
Zydus Healthcare Ltd, a wholly owned subsidiary of publicly-listed Cadila Healthcare, has entered into an agreement with Integrace Pvt Ltd to sell two pharmaceuticals brands viz. Mifegest and Cytolog. Clove Legal advised Integrace on the transaction.
From the Venture Intelligence PE-VC Deal Database: Between Aug-18 and Jan-20, Integrace (a spin out from listed pharmaceutical company Glenmark Pharmaceuticals) had attracted INR 750 crore from TrueNorth. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)