TA Associates Announces Strategic Growth Investment in Synokem Pharmaceuticals
TA Associates, a leading global growth private equity firm, announced on January 18 that it completed a strategic growth investment in Synokem Pharmaceuticals Ltd. TA Associates was represented by AZB & Partners. BDA Partners acted as the financial adviser to Synokem. Synokem’s founders will continue as shareholders in Synokem alongside TA. Financial terms of the transaction were not disclosed. Founded in 1983, Synokem Pharmaceuticals is one of India’s leading contract development and manufacturing organizations (CDMOs), serving customers in the branded generic domestic formulations market. Synokem is based in New Delhi, India, with manufacturing and R&D facilities in Haridwar,... Read More »
Life Science Outsourcing Acquires J-Pac Medical
Brea, California-based Life Science Outsourcing, Inc. (LSO) has acquired Somersworth, New Hampshire-based J-Pac Medical. Terms of the deal were not disclosed. Founded in 1986, J-Pac Medical is a manufacturing and packaging outsourcing partner to medical device and diagnostic companies seeking to simplify the supply chain for single-use medical devices. J-Pac Medical offers full-service cleanroom assembly, packaging, sterilization and supply chain management solutions. Founded in 1997, LSO is a medical device contract manufacturer. LSO offers clients cleanroom assembly, packaging, sterilization, medical device manufacturing, medical package testing, sterilization validation, fulfillment and... Read More »
KKR to Acquire Bushu Pharmaceuticals From BPEA EQT
KKR & Co. L.P. and Bushu Pharmaceuticals Ltd. announced on December 20 a definitive agreement under which KKR will acquire all shares in Bushu Pharmaceuticals from Asian private equity firm BPEA EQT. KKR is making its investment from one of its Asia-focused investment funds. The transaction is expected to be completed in Q1 2023, subject to customary approvals and closing conditions. Following the transaction’s completion, KKR aims to accelerate Bushu’s growth and further position it as a leading contract development and manufacturing organization (CDMO) for the pharmaceuticals market in Japan and worldwide. Terms of the deal were not disclosed. Bushu Pharmaceuticals Ltd. was... Read More »
Millstone Medical Outsourcing Acquires MycoScience
Millstone Medical Outsourcing has acquired MycoScience. Headquartered in Willington, Connecticut, MycoScience has more than 30 years of expertise in medical device and pharmaceutical laboratory testing, environmental testing and related regulatory support services. Fall River, Massachusetts-based Millstone Medical Outsourcing is a provider of customized outsourcing solutions to the medical device industry with a client roster of global original equipment manufacturers and emerging-growth companies. Millstone was acquired by private equity firm Arlington Capital Partners in January 2022. MycoScience’s leadership team will remain at the helm. Terms of the deal were not disclosed. According... Read More »