Pioneer Legal provided advisory and assistance to Suven Pharmaceuticals Limited on its proposed acquisition of Sapala Organics Private Limited. The acquisition involves acquiring a controlling stake initially, with the remaining stake to be acquired after 3 years in tranches, subject to customary approvals.
The transaction advisory team from Pioneer Legal included Managing Partner Satish Kishanchandani, Partner Pritha Jha, Principal Associate Pavana Padmakumar, Senior Associate Jinal Shah, and Associate Andre Jaggi. The due diligence team comprised Partner Pritha Jha, Principal Associate Pavana Padmakumar, Senior Associate Jinal Shah, and Associates Yash Bhale and Vijay Kumar Chawla.
Suven Pharmaceuticals Limited, supported by Advent International, is a publicly listed contract development and manufacturing organization (CDMO). Sapala Organics Private Limited, based in Hyderabad, specializes in oligo drugs and nucleic acid building blocks under the leadership of Dr. PY Reddy.