• US private equity firm TPG, along with co-investor Novo Holdings, has agreed to acquire a 35% stake in SCHOTT Poonawalla from Serum Institute of India (SII) for approximately $300 million, with the deal expected to close in the first half of 2025.
• SCHOTT Poonawalla, India's largest injectables-focused drug containment solutions company, will maintain its existing structure with SCHOTT Pharma retaining 50% ownership while SII will keep a minority stake following the transaction.
• The strategic partnership aims to accelerate SCHOTT Poonawalla's global expansion by combining TPG's healthcare investment expertise with the company's advanced drug delivery solutions portfolio, which includes prefillable syringes, cartridges, and vials for biologics and vaccines.