Cinven snaps up Amdipharm for £367 million
Channel Islands-based private equity firm Cinven has reached agreement to acquire UK-based niche generic drugmaker Amdipharm from Vijay and Bhikhu Patel, the Indian billionaires behind Waymade, the global pharmaceutical company, in a deal valuing Amdipharm at £367 million ($590.4 million).
Amdipharm specializes in acquiring products from leading pharmaceutical companies that serve essential medical needs. These products, which come from leading pharmaceutical companies including Abbott, Roche and Novartis, are used to treat a variety of critical medical conditions, including Parkinson’s disease, migraines, hypertension and bacterial infections.
Amdipharm will be merged with Mercury
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