Get All Access for $5/mo

Carlyle Group And Brighton Park Capital To Invest $200 Mn In Indegene The funds will be used to accelerate the company's global expansion and consolidate its industry-leading position in healthtech solutions

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Unsplash

Bengaluru-headquartered enterprise healthtech solutions provider Indegene on Wednesday announced that the Carlyle Group and Brighton Park Capital will acquire minority stakes in the company for $200 million. The transaction, which is subject to customary regulatory approvals, consists of a secondary sale from existing shareholders of Indegene and a primary investment into the company.

Torreya, Seyfarth Shaw, Deloitte, KPMG, and Tatva Legal advised the company on this transaction. Moelis & Company, EY, Shardul Amarchand Mangaldas & Company, Latham & Watkins, and Bain & Company acted as advisors for the Carlyle Group. Brighton Park Capital was advised by EY, Paul Weiss, and Bharucha & Partners.

"We are excited about our partnership with Carlyle and Brighton Park as their collective strengths will bring significant value to Indegene as we build on the deep domain knowledge and vertical technology we have developed over the past 20 years. Carlyle's commitment to the healthcare sector with their global network and deep pharmaceutical expertise, coupled with Brighton Park's deep experience in the technology sector and nuanced understanding of our space, makes the two firms the ideal partners to support our company's continued growth," shared Manish Gupta, co-founder, and chief executive officer, Indegene.

Founded in 1998, the company, with more than 3,000 employees across North America, Europe, China, Japan, and India, provides technology platforms and commercialization services to pharmaceutical, biotechnology, and medical device companies.

Clients partner with the establishment to design, build, and manage digital-first operations that leverage data and automation to accelerate clinical development, improve regulatory compliance, enhance customer experience, and drive commercial success, the statement said.

"We have been impressed by the strong entrepreneurial energy of the management team at Indegene and their technology-led, data-driven, differentiated global delivery model, as well as by their ability to scale relationships with global healthcare enterprises. We believe this puts Indegene in a strong position to benefit from the significant growth drivers we are seeing in the healthcare space. We look forward to leveraging our global healthcare network and capabilities to help the company further strengthen and expand its portfolio while deepening relationships with its global client base," stated Neeraj Bharadwaj, managing director, Carlyle Asia advisory team.

The platform has said to have delivered over 100 strategic engagements, managed full commercialization of an approximately $2 billion product portfolio, and created over 1 million medical and commercial content assets.

Rising competition in the global pharmaceutical market is shifting business models and driving multi-year digital transformation programs. Decisions are increasingly data-driven and leading healthcare enterprises are seeking partners with strong domain knowledge and modern technology skills as a result, the report said.

Given the wider adoption of digital initiatives within the healthcare industry, the healthtech company plans to use the primary investment from the Carlyle Group and Brighton Park Capital to accelerate its mergers and acquisitions (M&A) and global expansion plans.

"With a strong technology platform and a digital-first approach, Indegene has established a reputation for high-quality content, analytics, and other healthcare solutions provided through a seamlessly integrated system. We have tremendous respect for Manish and the talented Indegene team, who have built the largest standalone digital transformation and commercialization partner for healthcare enterprises globally. We are excited to partner with the company as we bring to bear our significant technology expertise to help accelerate Indegene's global growth," added Mark Dzialga, managing partner, Brighton Park Capital.

Over the last decade, the company maintained to have made significant organic and inorganic investments in building a technology portfolio that caters exclusively to healthcare. This has enabled the company to grow at more than 25 per cent revenue compound annual growth rate (CAGR) over a decade. This growth rate is accelerating with strong industry tailwinds driving a rapid shift towards digital-first operations.

Prabhjeet Bhatla

Former Staff

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Diversity

5 Ways You Can Create a More Inclusive Workplace Immediately -- and Why You Should

The more diversity you bring to your team, the greater your chances of finding groundbreaking insights and solutions.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

News and Trends

Insurtech Player Zopper Raises $25M in Series D Funding

With 40 insurance companies and 2500+ ecosystem players, Zopper will utilize the fresh capital to ramp up digital infrastructure, by strengthening its Insurance Distribution platform

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.