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    PE firm Advent International acquires majority stake in Bharat Serums & Vaccines - Moneycontrol.com thumbnail

    US-based global private equity firm Advent International November 18 said it has signed a definitive agreement to acquire a majority interest in Bharat Serums and Vaccines (BSV).The financial terms of the deal were not disclosed. The acquisition is expected to close by the end of 2019.With this transaction, OrbiMed and Kotak, two private equity firms that previously held minority positions in Bharat Serums, will fully exit their investments in the company.The Daftary family, which founded BSV, is retaining a meaningful equity stake in the business and partnering with Advent on the company’s next stage of growth.Founded in 1971 in Mumbai, Bharat Serums is one of the fastest-growing biopharmaceutical companies in India.BSV researches, develops, manufactures and markets specialized injectable medicines with a portfolio focused on biotech and biological products. The company has m
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