Financial Advisor to Curatio Health Care on its Acquisition by Torrent Pharmaceuticals,Largest M&A in Indian Dermatology Sector

Merger & Acquisition

Service

November 2022

Date

Pharmaceutical

Sector

INR 20,000 MN

Deal Value

Financial Advisor to Curatio Health Care on its Acquisition by Torrent Pharmaceuticals,Largest M&A in Indian Dermatology Sector

Deal Highlights:

  • Acquisition of 100% stake in Curatio Health Care (I) Private Limited (Curatio), a pure-play dermatology company, by Torrent Pharmaceuticals Limited (Torrent Pharma). Provided exit to the existing PE investors Sequoia Capital and ChrysCapital
  • With this acquisition, Torrent Pharma will be ranked among top 10 players in dermatology and a leader in cosmetic dermatology
  • Transaction was consummated at an equity value of INR 2,000 crs
  • We led the positioning efforts, Advised the company through the complex M&A process, guided on deal contours and helped garner strong interest from potential investors

About Curatio Health Care (I) Private Limited

  • Largest pureplay Indian dermatology company primarily focused on cosmetic dermatology with a portfolio of 50+ brands
  • Leadership position in pediatric dermatology which contributes c.60% to its total revenue*
  • Portfolio consists of leading brands such as Tedibar, Atogla, Spoo, B4 Nappi, and Permite, which are ranked amongst top 5 brands in their respective markets

*FY22 revenue