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Europe: Hesta to invest in European alternative property types with Heitman

US-headquartered Heitman, a global real estate investment management firm, has announced an allocation from Hesta, one of Australia’s largest superannuation funds, to invest in European alternative property types, including self-storage, student housing, residential, and health care. “Unlike the traditional property types, the alternative sectors are driven by needs-based demand and...

India: Advent partners with Felix to build generic animal health leader

US-based PE firm, Advent, is investing US$$175m via primary and secondary for a significant minority stake in Dublin headquartered Felix Pharmaceuticals, a developer and manufacturer of off-patent medicines for companion animals. It plans to help build Felix into the #1 generic animal health company globally. “Felix has an opportunity to shape the companion animal health generics market,” said Pankaj Patwari, managing director at Advent. “The industry is nascent - with less than 10% share held by generic players - providing a long-term growth opportunity.” Felix, founded in 2015 by Neeraj Agrawal,...