US-based private equity firm Egyptian American Enterprise Fund (EAEF) has acquired 46.5% stake in Egyptian ophthalmic pharmaceutical products developer Orchidia Pharmaceutical Industries for EGP700m ($39.59m).
EAEF has acquired 38% stake from SPE Capital (formerly Swicorp Private Equity), 3% from Orchidia Ossama Abbass and the rest through a capital increase.
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“EAEF has acquired 38% stake from SPE Capital (formerly Swicorp Private Equity), 3% from Orchidia Ossama Abbass and the rest through a capital increase.”
US-based pharmaceutical company Valeant Pharmaceuticals International plans to divest its stake in female sexual health products developer Sprout Pharmaceuticals.
The divestment will enable the company to streamline its business operations.
