Volga | Finance, business | Industry, manufacturing

U.S. investors buy one of Nizhny Novgorod’s pioneering venture assets

14 Apr '17
Nizhpharm, a sizable Russian pharmaceutical factory based in Nizhny Novgorod, now part of Germany’s Stada Arzneimittel AG, will be sold with its parent company to two U.S.-based investment companies, Bain Capital and Cinven, Delovoy Kvartal reported.

Stada’s board of directors and supervision board are reported to have agreed to accept the buyers’ proposal to acquire 100% of the German pharma group at a price of 66 euros per share. Bain Capital and Cinven later confirmed their intention to purchase 100% of the group at the price indicated, the source underscored. The total deal value is estimated at 5,318 billion euros.

Stada Arzneimittel AG is a German pharma group headquartered in Bad Vilbel in the state of Hesse. It’s focused on generic products with active pharmaceutical ingredients.

Nizhpharm is one of Russia’s leading pharmaceutical companies operating in the market for about 90 years now. It joined Stada back in January 2005.

About two decades ago, Nizhpharm was one of the first in the mid-Volga region to receive a sizable investment from the EBRD’s Central Russia Regional Venture Fund (CR RVF) which was run at that time by Kendrick White, an American venture capitalist, now the founder and CEO of Marchmont Capital Partners.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations: Nizhny Novgorod

Tags: Nizhpharm (9) / Stada (7) / Kendrick White (21) / Cinven (0) / Bain Capital (0) /

Latest News: Volga
12 May '17 | Technology & innovation | Industry, manufacturing
21 Apr '17 | Technology & innovation
14 Apr '17 | Finance, business | Industry, manufacturing
10 Jan '17 | Technology & innovation
8 Dec '16 | Technology & innovation
 

Feature stories

26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
20 Jun '17
In regions most of European Russians will hardly ever...
17 May '17
Russian biologists and biophysicists are said to have...
Search (News archive - 21120)
Advertising
RB_Partners_Venture_Report2016
Advertising
Why Russians do not smile
Advertising
Nano & Giga Symposium
Advertising
UNN

Latest News

26 Jul '17
Scientists in Vladivostok, in Russia’s Far East, have...
25 Jul '17
Russia’s lower house of Parliament is to consider a...
24 Jul '17
Lanit Ventures, a $10m VC fund set up last year by...

Most read stories from last week

25 Jul '17
Russia’s lower house of Parliament is to consider a...
26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
26 Jul '17
Scientists in Vladivostok, in Russia’s Far East, have...