Quadria, others pick stake worth $100m in Indian drugmaker Encube  

Photo: Reuters

Healthcare focused private equity firm Quadria Capital along with its co-investors, including Gulf Islamic Investments, has committed over $100 million for a minority stake in Encube Ethicals, a manufacturer of topical drugs, said a senior executive of the company in an interaction with Mint.

As part of the Quadria investment the existing investor of the company, PE firm Multiples Alternate Asset Management has exited the company. Kotak Mahindra Capital acted as the exclusive sell-side advisor to the company and sellers.

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