Twitter LinkedIn
    Thursday, June 8
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Goldman Sachs Private Equity emerges frontrunner to acquire ChrysCap stake in GVK Biosciences
    Deals

    Goldman Sachs Private Equity emerges frontrunner to acquire ChrysCap stake in GVK Biosciences

    April 19, 2021Updated:April 19, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    The private equity arm of Wall Street powerhouse Goldman Sachs has entered the final stage of negotiations to buy out the minority stake held by ChrysCapital in top contract research player GVK Biosciences, people with knowledge of the matter told Moneycontrol.

    If talks fructify, this would be the second domestic pure play pharma investment by the Goldman Sachs group. In November 2020, it pumped in $150 million in Kiran Mazumdar Shaw-led Biocon Biologics. On October 9, 2020, Moneycontrol was the first to report that Chrys Capital was exploring an exit from GVK Biosciences and that other key shareholders may also consider a part stake sale depending on valuations.

    “This deal has reached the finish line and the Goldman Sachs group has edged out other private equity rivals. The co-promoters of the target firm, namely GVK group and DS Brar, the former CEO and managing director of Ranbaxy Labs may also sell a part stake and the combined final stake on offer may be higher,” one of the persons cited above told Moneycontrol.

    Read more/Source: Money Control

     

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals Mergers and acquisitions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Brookfield buys KKR’s Spanish solar company stake

    March 23, 2023

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal – Copy

    March 19, 2023

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal

    March 19, 2023

    Ethical Capital Partners buys Pornhub for an undisclosed sum

    March 18, 2023

    Comments are closed.

    Other Articles

    2020: A Solid Year of Mergers and Acquisitions for the Waste Industry

    December 31, 2020

    Thoma Bravo leads $130m Series D round for mental health provider network Alma

    August 30, 2022

    Adviser to LeBron, Schwarzenegger Gets $1.1 Billion for Deals

    June 8, 2022

    Musk says he has secured $46.5 bln in funding for Twitter bid

    April 22, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?