When Advent acquired Terapia in 2003, the Romanian pharmaceuticals market showed considerable high-growth potential. A household name with an 80-year heritage, state-owned Terapia was the second-largest pharmaceuticals manufacturer in Romania but needed to revamp its product portfolio and adopt a stronger commercial focus.
Advent’s investment in the company provided the catalyst for the company’s growth through a programme of operational and management change. By the time of exit, the company had substantially grown and gained international stature.
Former Terapia CEO
and Advent Operating Partner
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