M&A Deal Summary

Advent International Acquires BSV

On November 18, 2019, private equity firm Advent International acquired life science company BSV from Kotak Private Equity Group

Acquisition Highlights
  • This is Advent International’s 16th transaction in the Life Science sector.
  • This is Advent International’s 9th transaction in India.

M&A Deal Summary

Date 2019-11-18
Target BSV
Sector Life Science
Buyer(s) Advent International
Sellers(s) Kotak Private Equity Group
Deal Type Secondary Buyout

Target

BSV

Thane, India
BSV is a niche biological and biopharmaceutical products manufacturer. BSV's product portfolio is comprised of a wide range of products covering biologicals, equine antitoxins and serums, hormones, anesthetics, antifungals, and cardiovascular formulations. BSV was founded in 1971 and is based in Thane, India.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 280 of 340
Sector (Life Science) 16 of 21
Type (Secondary Buyout) 46 of 53
Country (India) 9 of 15
Year (2019) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 TES

Vsetín, Czech Republic

TES Vsetin is a manufacturer of generators and electric motors and supplies parts and assemblies to leading global energy and electrical engineering companies. TES was founded in 1919 and is based in Vsetín, Czech Republic.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Olaplex

Santa Barbara, California, United States

Olaplex is a prestigious and professional haircare brand that offers a combination of products exclusive to salons and products available through both the professional and retail channels. Olaplex was founded in 2014 and is based in Santa Barbara, California.

Buy -

Seller(S) 1

SELLER

Kotak Private Equity Group

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Kotak Private Equity Group (KPEG) is the private equity investment arm of financial services firm, Kotak Mahindra Group. KPEG looks to invest $20 to $40 million in a variety of mid-sized Indian companies to support expansion, acquisitions, or buyouts KPEG targets businesses with strong management and growth potential operating in fragmented industries. Sectors of interest include life science, retail, media/entertainment, light manufacturing, agriculture, food processing, healthcare, distribution, and IT/software. Kotak is based in Mumbai.


DEAL STATS #
Overall 9 of 9
Sector (Life Science) 2 of 2
Type (Secondary Buyout) 1 of 1
Country (India) 9 of 9
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Rubicon

Mumbai, India

Rubicon is a knowledge process outsourcing (KPO) company that provides contract research services for pharmaceutical companies worldwide. It specialises in formulation and drug delivery technologies for controlled release and generic plus products. It also develops novel products for innovator and specialty companies. Rubicon was founded in 1999 and is based in Mumbai, India.

Sell -