Global investment giant Ardian has reinvested in Italian pharmaceutical commercialisation business Neopharmed.

The deal comes four years after Ardian picked up a stake in the business, which was then the therapeutics unit of Italian drugmaker Mediolanum Farmaceutici.

Neopharmed’s buy-and-build strategy since Ardian’s investments has seen it bolt-on six businesses, and reach revenues of €250m.

Read more: Alt Assets