Private equity firm Lone Star Funds has agreed to acquire the capsules and health ingredients division of Swiss life sciences group Lonza in a transaction valuing the business at CHF2.3bn (around $3bn), according to a report by Reuters.
The deal will see Lone Star take control of the unit while Lonza retains a 40% minority interest. The company will receive approximately CHF1.7bn in upfront proceeds, with total undiscounted proceeds from the transaction expected to reach at least CHF3bn.
The div...
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