Skip to main content

Spark Capital advises CORONA on its USD 17.5 Mn Funding from Creador

Spark Capital is pleased to announce the successful closure of a USD 17.5 Mn investment in CORONA Remedies Pvt. Ltd. (“CORONA”), one of the fastest growing domestic pharmaceutical companies in India, by Creador, a private equity firm focused on long-term investments in growth-orientated businesses in Indonesia, India and Malaysia. Spark Capital acted as exclusive financial advisor to the transaction and has reinforced its position as a leader in syndicating equity for mid-market companies in the healthcare space. With the completion of this transaction, Spark has advised on 18 transactions aggregating USD 386 Mn across various sub-segments of the healthcare space.

As exclusive financial advisor to the transaction, Spark Capital :

  • Engaged with Corona significantly ahead of the transaction timeline to ideate, structure and time the transaction to optimize outcomes for the promoters and the Company
  • Identified, marketed and engaged with the most suitable set of investors
  • Drove negotiations between Corona and Creador across the term sheet and definitive documents
  • Assisted in successful closure of the transaction

About CORONA :

CORONA is an Indian pharmaceutical company engaged in manufacturing and marketing of branded prescription generics catering to various therapeutic segments across acute and chronic diseases. Established in 2004 and headquartered in Ahmedabad, the Company is promoted by a family of professionals with deep domain expertise. CORONA currently ranks amongst the top 60 pharmaceutical companies in India out of 12000+ Pharma companies in IPM.

Further information on CORONA is available at http://www.coronaremedies.com/

About Creador:

Creador, a private equity fund domiciled in Mauritius, invests equity growth capital of USD 15 – 50 Mn across a variety of sectors for minority equity positions.  The fund, sponsored by Mr. Brahmal Vasudevan - one of the three General Partners at Chrys Capital for 11 years, currently targets opportunities in India, Indonesia and Malaysia.

Further information on Creador is available at http://creador.com/

About Spark Capital:

Spark Capital is among India’s leading investment banks, providing a full suite of services encompassing Corporate Finance Advisory, Institutional Equities, Wealth Management and Structured Finance & Debt Syndication. Spark’s Corporate Finance Advisory division has successfully consummated a total transaction value of close to USD 1.8 Bn across 30 transactions in the last 36 months; Spark Capital’s Institutional Equities division covers over 200 stocks under research and enjoys empanelment with over 200 institutional clients across FIIs, DIIs and Family offices. Spark is headquartered in Chennai and has offices in Bangalore and Mumbai.

Further information is available at  www.sparkcapital.in

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Popular posts from this blog

VC Interview: Shailendra Singh of Sequoia Capital India

In a recent interview to Venture Intelligence, Shailendra Singh discussed some of the firm’s newer investments in the early stage segment including in the online payments space, the progress at a few existing portfolio companies and the active role the firm is playing in helping its portfolio companies scale and succeed in India and globally. Prior to joining the firm in 2006, Singh was a strategy consultant at Bain & Company in New York and before that, an entrepreneur in the digital media industry.

Venture Intelligence: How does Sequoia go about identifying potential early stage investments in India? Is there anything different you are doing today than, say, a couple of years back?

Shailendra Singh: There is a lot more focus on technology investing and early stage investing. In general, as you might remember a few years ago, we were doing primarily growth investing but in the past 18-odd months, we have had a very strong focus on early stage and that’s continuing. In terms of how…

PE investments in 2018 crosses $33-B to set new all-time high

Big Ticket investments in consumer apps Swiggy & Byju’s dominates year-end activity, even as investments in Core Sectors slow down
Private Equity (PE) investments in India rose to their highest ever figure of $33.1 billion in 2018 (across 720 transactions), according to data from Venture Intelligence (http://www.ventureintelligence.com), a research service focused on private company financials, transactions and their valuations. While PE investments have already surpassed the previous high - $24.3 Billion across 734 deals in 2017 - in the first nine months of 2018, the mega investments in Consumer Internet & Mobile startups such as Swiggy and Byjus towards the year-end, helped the 2018 total vault by 36% year-on-year. (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate.) The year witnessed 81 PE investments worth $100 million or more (accounting for 77% of the total investment value during the period), compared to 47 such transac…

ChrysCapital and Sequoia Capital India grab two awards at APEX’19 PE-VC Awards

Mumbai, India, Feb 27, 2019: ChrysCapital and Sequoia Capital bagged two awards each as part of the “Awards for Private Equity Excellence” (APEX)event organized by Venture Intelligence. 

ChrysCapital bagged the Private Equity Fund Raise of 2018 Award (Closed $850 M Fund VIII within 4 months of launch) and the Private Equity Investor of 2018 Award (for its Exits from LiquidHub with 4x in dollar terms (within 4 years of its $53-M investment), AU Small Finance Bank with 11.5x return,  Torrent Pharma with 2.95x, City Union Bank with 2.83x, L&T Infotech with 2.56x)

Sequoia Capital India won the Early Stage VCInvestor(the firm registered 10x+ exits in Byjus Classes and SCIOInspire) and VC Fund Raise of 2018 (the firm closed an almost $700-M Fund VI).


Award Winners at APEX'19 PE-VC Awards

The event opened with a Fireside Chat with Kiran Reddy, CEO of SPI Group interviewed by his long time friend and colleague Vineeth Vijayraghavan.



Snapshots of the Awards Ceremony: (L-R) Gopal Srinivasan, …