PE Firm Actis Sinks $48M Into India's Symbiotec Pharmalab

Law360, New York (October 22, 2013, 6:09 PM EDT) -- Private equity house Actis LLP will invest $48 million into India-based pharmaceutical company Symbiotec Pharmalab Ltd., the firm said Tuesday.

London-based Actis is hoping to build on Symbiotec’s current success as the second largest Asian producer of steroid-hormone active pharmaceutical ingredients, or APIs, which are used to manufacture medications for inflammation, asthma, immune functions and infertility.

Symbiotec, which entered the pharmaceutical market in 1995, holds the largest number of active pharmaceutical ingredient manufacturing plants approved by the U.S. Food and Drug Administration in the world, according...
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