Private equity giant KKR to buy Japan’s Bushu Pharmaceuticals

Private equity giant KKR said on Tuesday it will buy Japanese drug developer Bushu Pharmaceuticals from Hong Kong-based PE firm BPEA EQT, but did not disclose financial details of the deal.

A Bloomberg report from August stated a transaction may value Bushu Pharma at upwards of 100bn yen ($749m), citing people familiar with the matter.

None of the parties involved in the transaction immediately responded to a Reuters request for confirmation on deal value.

KKR said in a press statement it aims to expand Bushu Pharma into new as well as growth segments such as injectables, invest in further capacity expansion and quality control, and seek further growth opportunities.

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The investment firm said it sees significant demand for strategic and reliable solutions to address challenges facing the healthcare industry, and aims to push the Japanese firm to further scale its business.

Bushu Pharma, established in 1998, is one of the leading manufacturers of pharmaceutical and medical devices in Japan, according to its website.

Following the transaction’s close, KKR plans to work alongside Bushu Pharma’s management team to expand into new and growing segments, such as injectables, invest in further capacity expansion and quality control, and explore organic and inorganic opportunities for growth to deliver more healthcare solutions to patients.

Source: Yahoo Finance

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