Front-running investment firm ChrysCapital in contention for purchase into PE-supported CDMO company
ChrysCapital Eyeing Potential Investment in Local CDMO Firm
ChrysCapital, a homegrown private equity firm, is reportedly a frontrunner to invest in a local contract development and manufacturing organization (CDMO) in India. According to two unnamed sources, the firm is currently in the process of raising a sector-agnostic PE fund, which could potentially be the largest in India [1][4].
Despite the active interest, it's important to note that the deal is not yet finalized as of July 30, 2025. ChrysCapital's potential investment details, such as the timeline and the amount, remain undisclosed [1][4].
Interestingly, ChrysCapital already holds a significant stake in Safex Chemicals, an Indian specialty chemicals and CDMO company. The firm acquired a 44.8% stake through investments made in 2021 and 2022, and plans to pare its stake through a ₹450 crore IPO planned for 2025 [3][5]. Safex Chemicals has shown strong growth and strategic expansion under ChrysCapital's backing, with operations across multiple countries and manufacturing units in India and the UK [3][5].
In summary, while ChrysCapital's position as a frontrunner signals ongoing negotiations or due diligence, there is no explicit confirmation yet that the firm has closed a new investment deal in the local CDMO space beyond its existing holding in Safex Chemicals.
For exclusive access to articles like this, consider subscribing to our website PRO. To log in as a PRO member, click here. To access exclusive articles, subscribe to our website PRO here.
[1] Two people familiar with the development have informed our website about ChrysCapital's involvement. [2] ChrysCapital is currently on the road to raise a sector-agnostic PE fund. [3] ChrysCapital is one of the frontrunners to invest in a local contract development and manufacturing organization. [4] The sources did not reveal the timeline for the potential investment by ChrysCapital. [5] ChrysCapital is considering investing in a local contract development and manufacturing organization. [6] The contract development and manufacturing organization is local, according to the sources. [7] No further details about the specific contract development and manufacturing organization were provided. [8] The sources did not disclose the amount of investment ChrysCapital is planning to make. [9] ChrysCapital is currently on the road to raise a sector-agnostic PE fund. [10] ChrysCapital is currently a frontrunner to invest in a local contract development and manufacturing organization. [11] The sources did not disclose the amount of investment ChrysCapital is planning to make. [12] The PE fund that ChrysCapital is raising could potentially be the largest in India. [13] The PE fund that ChrysCapital is raising could potentially be the largest in India. [14] ChrysCapital holds a significant 44.8% stake in Safex Chemicals, an Indian specialty chemicals and CDMO company, from investments made in 2021 and 2022, and is preparing to pare its stake through a ₹450 crore IPO planned for 2025. [15] Safex Chemicals operates across multiple countries with manufacturing units in India and the UK and has shown strong revenue growth and strategic expansion under ChrysCapital’s backing.
The potential investment by ChrysCapital in a local CDMO firm could expand their portfolio within the finance sector.However, the exact details of the investment, including the timeline and amount, remain undisclosed as of July 30, 2025.
