Temasek, GIC Are Said to Buy Novotech Stake in Deal With TPG

By Yahoo! Finance   |   2 weeks ago
Temasek, GIC Are Said to Buy Novotech Stake in Deal With TPG

Temasek Holdings and GIC will acquire a stake in Novotech to support growth and acquisitions, valuing the company at A$3 billion. TPG will also reinvest in the company. Novotech's EBITDA has grown significantly since TPG's initial investment in 2017.

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