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Bain Capital-backed 360 ONE Asset bets on CDMO player from TPGโ€™s portfolio

VCCircleVCCircle ยท 8m ago
Bain Capital-backed 360 ONE Asset bets on CDMO player from TPGโ€™s portfolio
Medial

360 ONE Asset, a private equity-backed asset management firm, has invested in contract drugmaker OneSource Specialty Pharma in a secondary transaction. The financial details of the investment were not disclosed. This comes after OneSource recently raised $108m in a funding round with a valuation of $1.65bn. OneSource provides development and manufacturing services for drug-device combinations, biologics, and injectables. 360 ONE Asset, previously known as IFIL Asset Management, offers alternative investment funds, portfolio management services, and mutual funds. Their healthcare portfolio includes companies such as Kauvery Hospitals, Hearing Solutions, and Rainbow Hospitals.

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