Paris-based private equity firm Astorg Partners agreed to acquire Nemera Development SA from fellow midmarket investor Montagu Pvt. Equity LLP for an undisclosed amount.
Nemera is a drug delivery devices maker catering to the pharmaceutical, biotechnology and generics industries.
Montagu Private Equity will also reinvest in the healthcare products supplier, forming a partnership with Astorg.
The transaction is subject to satisfactory clearance from relevant antitrust authorities.
Citigroup and Latham & Watkins provided advice to Astorg. HSBC, Morgan Stanley and Weil Gotshal served as advisers to Montagu.