Asia’s private healthcare investor Quadria Capital and its co-investors including Gulf Islamic Investments, a UAE-based financial services company having assets under management of over $2.5 billion, announced a minority investment into Encube Ethicals, an India-based, global player in manufacturing of topical drugs.
The deal also included a secondary transaction whereby existing investors, Multiples Alternate Asset Management Private Limited (Multiples) exited the company.
Quadria’s investment to help catalyse Encube’s growth into a leading integrated topicals-focused company.
