Bain Capital Private Equity Announces Acquisition of Porus Labs
- ByStartupStory | June 8, 2023
Bain Capital Private Equity has completed the acquisition of Porus Labs, a prominent producer of agricultural and specialty chemicals, as stated in an official company announcement. According to knowledgeable sources, the deal has placed a valuation of Rs2400 crore on Porus. With its establishment in Hyderabad in 1994, Porus Labs operates across various sectors including speciality polymers, electronic chemicals, and agrochemicals.
“We are very excited to build a platform in the specialty chemicals contract development and manufacturing space, leveraging Porus Labs’ expertise and strong market position. We have high conviction in the industry’s growth prospects and see immense potential for expanding the company’s market by building or acquiring differentiated chemical capabilities in key sectors,” said Rishi Mandawat, a Partner at Bain Capital Private Equity.
“We are confident in our ability to unlock the full potential of our market-leading position through this transformative partnership with Bain Capital by leveraging their extensive industry expertise and global network.” said Srinivasan Namala, CEO at Porus Labs.
Apart from private equity, Bain Capital engages in investments across diverse asset classes, such as credit, public equity, venture capital, and real estate. The firm oversees a substantial portfolio of approximately $165 billion in total assets.
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