M&A Deal Summary

CX Partners, PAG and Samara Capital Acquire Sekhmet Pharmaventures

On January 1, 2020, private equity firm CX Partners, asset manager PAG and private equity firm Samara Capital acquired life science company Sekhmet Pharmaventures

Acquisition Highlights
  • This is CX Partners’ 2nd, PAG’s 2nd and Samara Capital’s 1st transaction in the Life Science sector.
  • This is CX Partners’ 12th, PAG’s 1st and Samara Capital’s 3rd transaction in India.

M&A Deal Summary

Date 2020-01-01
Target Sekhmet Pharmaventures
Sector Life Science
Buyer(s) CX Partners
PAG
Samara Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sekhmet Pharmaventures

Mumbai, India
Sekhmet Pharmaventures plans to acquire controlling stakes in multiple Active Pharmaceutical Ingredient (API) businesses. Sekhmet Pharmaventures is based in Mumbai, Maharashtra.

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Buyer(S) 3

Buyer

CX Partners

New Delhi, India

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 625M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CX Partners is a private equity firm specializing in middle-market growth capital and special situations investments throughout India. CX Partners was founded 2009 and is based in New Delhi.


DEAL STATS #
Overall 13 of 13
Sector: Life Science M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: India M&A 12 of 12
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Ummeed

Gurugram, India

Ummeed is in mortgages business focusing on affordable housing. The company serves lower & middle income Indian families who are typically self-employed in the informal services economy in urban & semi urban parts of four states (Punjab, Haryana, Rajasthan and Delhi). Ummeed is based in Gurugram, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Sapphire Foods

Mumbai, India

Sapphire Foods is a franchisee operator of the US fast-food giant Yum Brands. Sapphire Foods operates 437 KFC, Pizza Hut, and Taco Bell restaurants in India, Sri Lanka, and the Maldives. Sapphire Foods was incorporated in 2009 and is based in Mumbai, Maharashtra.

Sell -
Buyer

PAG

Hong Kong, China

Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.


DEAL STATS #
Overall 8 of 26
Sector: Life Science M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 9
Country: India M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 BioRay Pharmaceutical

Taizhou, China

BioRay Pharmaceutical is a large-scale, fully integrated biopharmaceutical company specializing in the development, manufacturing and sales of biologic drugs for auto-immune and oncology treatment areas. BioRay Pharmaceutical was founded in 2019 and is based in Taizhou, China.

Buy $540M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Mobvista

Singapore, Singapore

Mobvista is a mobile advertising company that operates a worldwide mobile ad network, receiving more than 10 billion daily impressions from integrated ad spots and websites across more than 240 countries. Mobvista was founded in 2013 and is headquartered in Singapore, Singapore.

Buy -
DESCRIPTION

Samara Capital is an India-based private equity firm focused on acquiring interests in emerging Indian companies. Samara specifically looks for sectors or business models that offer significant opportunities and are poised for rapid growth or transformation. Industries of interest include infrastructure, consumer products/services, financial services, pharmaceuticals/healthcare, IT, business process outsourcing, media, and manufacturing. Samara Capital was formed in 2006 and has offices in Mumbai and and New Delhi.


DEAL STATS #
Overall 3 of 3
Sector: Life Science M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: India M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-19 RBL Bank

Mumbai, India

RBL Bank operates as a scheduled commercial bank. It is continuously expanding its presence across India through a growing network of branches and ATMs. RBL Bank was established in 1943 and is based in Mumbai, Maharashtra.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Sapphire Foods

Mumbai, India

Sapphire Foods is a franchisee operator of the US fast-food giant Yum Brands. Sapphire Foods operates 437 KFC, Pizza Hut, and Taco Bell restaurants in India, Sri Lanka, and the Maldives. Sapphire Foods was incorporated in 2009 and is based in Mumbai, Maharashtra.

Sell -