Chemical-pharmaceutical company Merck is reportedly looking for a buyer of its generic drug manufacturing division, which achieved revenues of around EUR 1.8bn in the last year. It is believed that with this sale Merck would partly finance its recent acquisition of Swiss pharmaceutical company Serono, which reportedly cost EUR 6.8bn in cash.
Navigation and travel app was bought by Parity.com subsidiary Daegu for around €16.65m in 2020
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Hg and the company's management team reinvest in the transaction as minority shareholders
Montagu Private Equity acquires companies with enterprise values of €200m-1bn