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Bain PE to Pay $700 Million to Buy DSM Sinochem Pharma

publication date: Jul 2, 2018

Bain Capital Private Equity will acquire DSM Sinochem Pharmaceuticals (DSP) for nearly $700 million. DSP, headquartered in Singapore, is a 50/50 joint venture between Holland's Royal DSM and China's Sinochem Group, a state-owned entity. The JV makes intermediates, APIs and finished drugs, primarily beta-lactam antibiotics, next-gen statins and anti-fungals. It generated sales of $511 million in 2017. The two current owners will split $580 million upon closing plus another $120 million in earn-out payments. More details....

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