UK-based asset manager Investment Group Capital (IGC) and French healthcare-focused investment platform Mérieux Equity Partners have agreed to acquire DOC Generici from CVC Capital Partners.
IGC’s Europe VII Fund sees growth opportunities with what is one of Italy’s largest independent generic pharmaceutical companies, which has a broad product portfolio and a strong presence in areas including cardiovascular, gastrointestinal/metabolism and neurological treatments.
The size of the deal has not been disclosed but Bloomberg has cited sources saying that the firm may have been valued at about 1.1 billion euros ($1.2 billion).
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