Multiple private equity firms could consider offloading a portion of their pharmaceutical investment due to Initial Public Offering (IPO) opportunities.
Multiples PE Part-Exits from Bulk Drug Manufacturer Shubham Housing
Activity in the private equity secondaries market in India is on the rise, as evidenced by the recent investment made by Multiples PE and a consortium of investors in bulk drug manufacturer Shubham Housing.
Shubham Housing, a portfolio firm of Multiples Alternate Asset Management, is a significant player in the pharmaceutical industry. The company is exploring the possibility of a stock market debut through an initial public offering (IPO), and is also considering expansion into smaller cities and towns for growth.
The investment in Shubham Housing comes four years after a failed deal with Aurobindo. This exit is happening ahead of a potential sale to a continuation fund, according to two people familiar with the matter.
Multiples Alternate Asset Management may monetize part of its investment in Shubham Housing, marking a part-exit for Multiples PE. This news follows another development in the market, as Cronus Pharma, another portfolio firm, is drawing interest from PE investors.
Details of the investment and potential IPO were obtained from our website. Multiples PE has not disclosed the exact amount invested in Shubham Housing, nor the details of the consortium of investors. However, it is clear that this investment is a significant step forward for both Multiples PE and Shubham Housing.
Kedaara Capital, IndiGo, and BiofuelCircle are also mentioned in the news as being active players in the private equity market in India. As the market continues to grow and evolve, it will be interesting to see how these companies and others navigate the challenges and opportunities that lie ahead.
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