Apax Partners picks small stake in Strides Arcolab for $8M

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Private equity firm Apax Partners has picked up a 1.2 per cent stake in Strides Arcolab, a Bangalore-based pharmaceutical company with a focus on development and manufacture of IP-led niche generics and bio-pharmaceuticals, for Rs 48.8 crore ($8 million).A public markets-focused investment entity of the global PE firm picked the ......