PE fund Advent International buys controlling stake in API manufacturer RA Chem Pharma

PE fund Advent International buys controlling stake in API manufacturer RA Chem Pharma The US private equity fund is understood to have pipped a rival offer from a consortium consisting another PE fund Carlyle Group and former Mylan Labs CEO Hari Babu. Bangalore-based Microlabs controls the entity currently. An official announcement is expected soon. https://ift.tt/eA8V8J