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16 Apr 2026

Everstone Capital Asia Partners with Founding Promoters of Apothecon Pharmaceuticals and Navinta III Inc.

"Khaitan & Co advised Everstone Capital Asia Pte Ltd on a partnership with the founding promoters of Apothecon Pharmaceuticals Private Limited (India) and Navinta III Inc. (USA), involving an approximately USD 270 million investment to acquire a substantial stake in the combined entity, Apothecon Group, a speciality formulations company with in‑house formulations and captive API manufacturing and a diversified global commercial presence."

Khaitan & Co advised Everstone Capital Asia Pte Ltd in its partnership with the founding promoters of Apothecon Pharmaceuticals Private Limited (India) and Navinta III Inc. (USA). The transaction involves an investment of approximately USD 270 million by Everstone Capital to acquire a substantial stake in the combined operating entity, Apothecon Group. Apothecon Group is a speciality formulations company with in‑house formulations and captive API manufacturing capabilities and a diversified commercial presence across the United States, Europe and other international markets. Khaitan & Co advised on complex cross-border transaction structuring, documentation and comprehensive due diligence in connection with the investment. Khaitan & Co represented Everstone Capital Asia Pte Ltd and advised the founding promoters of Apothecon Pharmaceuticals Private Limited and Navinta III Inc. with a team composed by: Core team: Bharat Anand (Senior Partner), Pashupati Nath (Partner), Tanima Tandon (Counsel), Harshita Saraf (Principal Associate), Pranshu Gupta (Senior Associate) and Aastha Agarwallaa (Senior Associate). Khaitan & Co represented Everstone Capital Asia Pte Ltd and advised the founding promoters of Apothecon Pharmaceuticals Private Limited and Navinta III Inc. with a team composed by: Due diligence and other related matters: Tanvi Kumar (Partner), Pranjal Prateek (Partner), Avnish Sharma (Partner), Abhinav Rastogi (Partner), Nirupam Lodha (Partner), Amit Wadhwani (Partner), Mudit Shah (Partner), Shaily Gupta (Partner), Siddharth Godha (Counsel), Nikita Bhuwania (Principal Associate), Armaan Gupta (Principal Associate), Shivangi Narang (Principal Associate), Shivam Sachdeva (Principal Associate), Himanshu Gupta (Senior Associate), Nipun Laroia (Senior Associate), Ransher Singh (Senior Associate), Khushal Juneja (Senior Associate), Toshani Mukherjee (Senior Associate), Hanumant Chauhan (Associate), Nidhi Kantibhai Marakana (Associate), Gitika Mahawar (Associate), Devika Garg (Associate) and Ruchika Kumar Menghani (Associate). Khaitan & Co represented Everstone Capital Asia Pte Ltd and advised the founding promoters of Apothecon Pharmaceuticals Private Limited and Navinta III Inc. with a team composed by: Regulatory aspects: Moin Ladha (Partner), Charu Singh (Principal Associate) and Hayden Dsouza (Associate).
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