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Advent International and Warburg Pincus finalize acquisition of Baxter's BioPharma Solutions business, rebranding it as Simtra BioPharma Solutions; the standalone CDMO will provide end-to-end services for clients in pharmaceutical and biotech industries

Advent International acquires majority share in niche fragrance brands Parfums de Marly and INITIO Parfums Privés; founder Julien Sprecher will remain with group as Executive Chairman, Creative Director and large minority shareholder

Baxter to divest its BioPharma Solutions business to Advent International and Warburg Pincus for US$4.25B; BPS provides sterile contract manufacturing solutions, parenteral delivery systems, customized support services to pharma and biotech industries

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