Private Equity Liquidity Events
Veeda Clinical Research acquires 50% stake in CRO Bioneeds
Ahmedabad-based Veeda Clinical Research, a contract research organisation (CRO), has acquired a controlling 50.1% stake in Bengaluru-based pre-clinical CRO, Bioneeds India. It had acquired a minority stake in the target in March.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: In Nov-15, Bioneeds had raised over $3-M from Canbank Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)