Date:03/10/11,
M&A,
Domestic Deal,
Vivimed Labs, acquires Kolkata based eye care pharma firm, Klar Sehen Pvt Ltd for undisclosed amount.
30 year old - Klar Sehen operates in a niche ophthalmic segment and owns about 50 trademarks and some very well known brands such as Renicol, Lysicon-V. Care Tears. Dexacort etc, in eye care segment.
KSPL has cGMP compliant manufacturing facilities at Kolkata, Hyderabad and also has arrangements to manufacture some of its products in Uttaranchal. KSPL presently operates from its headquarters in Kolkata with over 150 medical sales professionals.
Earlier in the month, Vivimed Labs receives INR 127 Cr from NYLIM Jacob Ballas India Fund III LLC and Kitara Capital. It also has a commitment of raising $20 million from International Finance Corp, of which it recently raised $7.5 million through a sale of foreign currency convertible bonds.
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