M&A Deal Summary

Advent International Acquires ZCL Chemicals

On February 8, 2021, private equity firm Advent International acquired life science company ZCL Chemicals from Morgan Stanley Private Equity Asia

Acquisition Highlights
  • This is Advent International’s 18th transaction in the Life Science sector.
  • This is Advent International’s 12th transaction in India.

M&A Deal Summary

Date 2021-02-08
Target ZCL Chemicals
Sector Life Science
Buyer(s) Advent International
Sellers(s) Morgan Stanley Private Equity Asia
Deal Type Secondary Buyout

Target

ZCL Chemicals

Mumbai, India
ZCL Chemicals is one of the fastest-growing manufacturers of specialty active pharmaceutical ingredients (APIs) and advanced intermediates. ZCL’s highly specialized approach focuses on niche therapeutic areas, underpinned by complex chemistry, supported by a state-of-the-art U.S. Food and Drug Administration (FDA) approved facility, along with strong research & development capabilities. ZCL Chemicals is based in Mumbai, Maharashtra.

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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 91.0B 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 300 of 353
Sector: Life Science M&A 18 of 22
Type: Secondary Buyout M&A Deals 48 of 58
Country: India M&A 12 of 16
Year: 2021 M&A 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 CCC Intelligent Solutions

Chicago, Illinois, United States

CCC Intelligent Solutions is a Software as a Service provider to the automotive, insurance, and collision repair industries. CCC brings together what matters most connections into the industry’s leading automotive claims network, superior productivity through the innovative cloud, mobile, hyper-scale technologies, and apps, and insights to make the best decisions. CCC Intelligent Solutions was founded in 1980 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Clearent

Creve Coeur, Missouri, United States

Clearent is a provider of full-service, payment solutions that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent was founded in 2005 and is based in Creve Coeur, Missouri.

Sell -

Seller(S) 1

DESCRIPTION

Morgan Stanley Private Equity Asia is a direct investment affiliate of Morgan Stanley that looks to acquire minority investments in companies with substantial business operations throughout Asia. The Unit has a preference for fast-growing businesses with strong brands and sustainable competitive advantages. In addition to minority deals, the Firm will also consider select control situations. Morgan Stanley Private Equity Asia was formed in 1993 and is headquartered in Hong Kong.


DEAL STATS #
Overall 6 of 8
Sector: Life Science M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: India M&A 1 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Asia Capital Reinsurance Group

Singapore, Singapore

Asia Capital Reinsurance Group is a non-life reinsurance group dedicated to serving clients in Asia. ACR focuses on large risk underwriting in specialist lines, including aviation, marine, energy, property, engineering, and casualty. ACR was founded in 2006 and is based in Singapore.

Sell $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Five Star Business Finance

Chennai, India

Five Star Business Finance is a non-bank finance company providing loans to nearly 40,000 customers. The company focuses on lending to the under-banked population, which typically lacks the financial records necessary to participate in the organized financial sector. Five Star Business Finance was founded in 1984 and is headquartered in Chennai, Tamilnadu.

Sell -