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Joint Venture of SGD Pharma and Corning Incorporated for new glass tubing facility in India

SGD Pharma and Corning Incorporated entities have set up a joint venture in India for a new glass tubing facility to expand pharmaceutical manufacturing in Telangana, India. Combining SGD Pharma’s vial-converting expertise with Corning’s proprietary glass-coating technology, the collaboration will enhance vial quality, improve filling-line productivity, and speed the global delivery of injectable treatments. The joint venture will help drugmakers respond to increasingly complex capacity and quality issues while meeting global demand for critical medicines.

Reference could be made to the following link for the transaction: SGD Pharma x Corning News Release_080623.pdf (sgd-pharma.com). JSA advised SGD Pharma.

Our Transaction Team Comprised Partner – Rinku Ambekar, Principal Associate – Reshma Oak.

Our Competition Team Partner – Vaibhav Choukse and Ela Bali, Senior Associate – Aditi Khanna.

Tata Capital invests in Apex Kidney Care

JSA advised Tata Capital Health Care Fund II, (“TCHF II”) in its investment in Mumbai-based dialysis chain Apex Kidney Care (“AKC”). The transaction was a mix of primary and secondary investment.

TCHF II is a growth-oriented private equity fund focused on the healthcare and life sciences sector in India. TCHF II is sponsored by Tata Capital Ltd.

AKC with over 180 dialysis centres, will utilise the newly infused capital to expand its dialysis network to 300 centres pan-India in next 18-24 months, of which about 50-60 dialysis centres will be standalone centres.

Our Transaction Team Comprised Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Principal Associate – Amandeep Singh Virk and Associate – Harshita Agarwal and Zarish Ali.

Our Employment Team Comprised Partner – Minu Dwivedi.

Our Tax Team Comprised Partner – Kumarmanglam Vijay and Surajkumar Shetty.

Lupin Limited Acquires Five Legacy Brands of Menarini Group

JSA advised and assisted Lupin Limited (“Lupin”) in the acquisition of five legacy brands in strategic therapy areas – Gastroenterology, Urology and Anti-infectives from Menarini, along with their associated trademark rights. The brands are Piclin(Picosulphate Sodium), Menoctyl (Otilonium Bromide), Sucramal O (Sucralfate + Oxetacaine), Pyridium (Phenazopyridine) and Distaclor (Cefaclor).

Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India. It develops and commercializes a wide range of branded and generic formulations, biotechnology products, and APIs in over 100 markets in the U.S., India, South Africa, and across the Asia Pacific (APAC), Latin America (LATAM), Europe, and Middle East regions. It enjoys a leadership position in the cardiovascular, anti-diabetic, and respiratory segments and has a significant presence in the anti-infective, gastro-intestinal (GI), central nervous system (CNS), and women’s health areas. Lupin is the third-largest pharmaceutical company in the United States of America by prescriptions.

The Menarini Group is a leading international pharmaceutical and diagnostics company, with a turnover of over $4.4 billion and over 17,000 employees. Menarini is focused on therapeutic areas with high unmet needs with products for cardiology, oncology, pneumology, gastroenterology, infectious diseases, diabetology, inflammation, and analgesia. With 18 production sites and 9 R&D centres, Menarini’s products are available in 140 countries worldwide.

Our Transaction Team Comprised Lead Partner – Shivpriya Nanda, Partner – Zain Pandit and Gaurav G Arora, Associate – Twisha Shrivastava and Vibhu Choubey.

 

IndiaRF acquires a majority stake in Ivy Health for INR 525 crore

JSA assisted India Resurgence Fund (IndiaRF) in the acquisition of a majority stake in Ivy Health and Life Sciences Private Limited (“Ivy Health”) for INR 525 crore.

IndiaRF is a leading India-focused investment fund, backed by Piramal Enterprises Limited and Bain Capital Credit.

Ivy Health operates a chain of NABH certified multi-speciality hospitals in several cities of Punjab namely at Mohali, Amritsar, Khanna, Hoshiarpur and Nawanshahr.

The deal marks IndiaRF’s maiden investment in the healthcare sector and the first of its kind in a regional hospital chain.

Our Transaction Team Comprised Lead Partner – Sidharrth Shankar, Partner – Prakriti Jaiswal, Principal Associate – Dhruv Malhotra and Senior Associate – Shivek Sharma.

Our Due Diligence Team Comprised Partner – Shraddha Krishnan Dash,  Principal Associate – Arjun Krishnamoorthy, Associate – Abhilash Raghav, Jatin Oberoi, Jeevesh Jain and Kartikey Gupta.

Our Real Estate Team Comprised Partner – Bharat Bhushan Sharma and Senior Associate – Mohit Aggarwal.

Our Competition Law Team Comprised Partner – Vaibhav Choukse and Ela Bali and Associate – Faiz Siddiqui.

Our Banking and Finance Team Comprised Partner – Megha Saraf and Associate – Harshil Shubham.