Avania, the preeminent, full-service global MedTech contract research organization, announced that Astorg has acquired a majority stake in the company. Astorg, together with Kester Capital – a current investor who intends to retain a minority stake — will actively support management’s plans to advance Avania’s development as a MedTech solution provider.
Alamar Foods set the price range for its IPO at 103 riyals to 115 riyals per share, implying a market value of as much as 2.9 billion riyals ($773 million.) IPO books opened on Monday for institutional investors.
Carlyle is selling a 41.7% stake in Alamar, or 10.6 million shares, to institutional and retail investors. The US buyout firm acquired its stake from Saudi-based firm AlJammaz Group in 2011 for an undisclosed amount.
Read more: Yahoo Finance
