<article><p class="S3l">Private equity fund ChrysCapital has bought a significant minority stake in Curatio Healthcare Pvt. Ltd.</p></article>

<p class="S3l">Private equity fund ChrysCapital has bought a significant minority stake in Curatio Healthcare Pvt. Ltd.</p>
<p>ChrysCap will invest $20 million (Rs130 crore) in the Chennai-based skin care products firm, a senior executive at ChrysCap said.</p>
<p>Venture capital fund Sequoia holds about 33% stake in the company while promoter G.K. Ramani and Fulcrum Venture India together hold the rest. In this latest round, Fulcrum has made a partial exit while Ramani has diluted his stake.</p>
<p>Curatio has a medical field force of 550. It focuses on dermatologists, paediatricians and gynaecologists, a company statement said. “With both Sequoia India, who were early investors with us, and a quality partner like ChrysCapital on-board, Curatio can focus on its ambitions of growing into a top dermatology product company,” said Ramani, director, Curatio Healthcare.</p>
<p>Curatio was set up in 2005 by a team of former executives at American Remedies, which merged with Dr Reddy’s Laboratories in 1999. Curatio’s board includes K. Ramanathan, a founder director of American Remedies; Ramani, another ex-American Remedies executive and P.V. Sankar Dass, a former vice-president at Dr Reddy’s. “Last couple of years, there were fewer healthcare investment opportunities available as the situation was challenging,” said Kshitij Sheth, vice-president, ChrysCapital. The Rs7,000-crore dermatology sector, which accounts for 6% of India’s pharma market, remains attractive and Curatio plays a key role in the space, he added.</p>
<p>ChrysCapital, with over $3 billion asset under management (AUM) across seven funds, has done nine investments in the pharmaceuticals space including Eris Lifesciences, Intas Pharma, Mankind Pharma, Torrent Pharma and Zydus Cadila.</p>
<p>Currently, ChrysCap holds stake in GVK Biosciences, a Hyderabad-based contract research and discovery services company, Ahmedabad-based Intas Pharmaceuticals Ltd, Mumbai-based drug-maker Ipca Laboratories Ltd and Ahmedabad-based Torrent Pharmaceuticals Ltd.</p>
<h4><strong>This article was first published on <a href="http://www.livemint.com/Companies/TO3HJsuzJzc4M2t4QoDjTL/ChrysCap-buys-stake-in-pharma-firm-Curatio.html">LiveMint.com</a>.</strong></h4>


Pe firm ChrysCapital bought a minority stake from Curatio promoter G.K. Ramani and Fulcrum Venture India for $20 million.

India: ChrysCapital buys stake in Sequoia-backed pharma firm Curatio

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