TA Associates is in advanced talks to acquire a minority stake in Indian billionaire Ajay Piramal’s pharmaceutical business, according to people familiar with the matter. The Boston-based private equity firm is in discussions to buy about a 20% stake in Piramal Pharma, a unit of Piramal Enterprises Ltd., for as much as $500 million, the people said, asking not to be named as the information is not public. Piramal aims to reach an agreement as soon as June, one of the people said. KKR & Co. was earlier competing with TA Associates for the stake, the people said.
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Source: https://www.themiddlemarket.com/articles/ta-associates-in-advanced-talks-to-buy-piramal-pharma-stake