News & Analysis

TPG seals Russia’s largest buyout deal

TPG's $800m pure equity stake in the country's biggest pharmaceutical distributor should allow the global buyout firm to tap into the fast-growing Russian market.

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TPG Capital has bought a 50 percent stake in SIA International, the largest pharmaceutical distributor in Russia, from its founder Igor Rudinsky, for $800 million in a pure equity deal, according to a statement.

SIA International:
$800 million deal

Part of the purchase price will be used to finance the business’ working capital needs as well as fund investment for logistical infrastructure and systems.

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