TT&A, Linklaters advise Lonza on sale of Capsules & Health Ingredients business to Lone Star Funds
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Summary
Lonza Group AG has signed a definitive agreement for the sale of its Capsules & Health Ingredients (CHI) business to Lone Star Funds for an enterprise value of CHF 2.3 billion ($3 billion).TT&A advised Lonza on the India-leg of the business transfer. The India leg of the transaction, inter alia, involved a reverse carve out of the employees of Capsugel Healthcare Private Limited not engaged in the target business into an Indian Lonza entity.The transaction team consisted of Neville Golwa