Finance / Russia
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TPG To Buy A Stake In Russian Pharmaceutical
April 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Private investment firm TPG is to buy a 50% stake in Russian pharmaceutical distributor SIA International. TPG has said that the deal, worth US$800mn, is the biggest investment by a private equity firm in Russia. SIA International is one of six major players in the Russian pharmaceutical wholesale market, with a reported 23% market share. The company posted revenues of US$2.7bn in 2007, with 90% of sales coming from supplying drugs to some 30,000 retail pharmacies.