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Bastas unveils billion-dollar deal
Posted 6 August 2025 AM
Dennis Bastas has sold part of his healthcare empire in a historic deal that provides access to more than $1 billion which will be used to bankroll major growth in the Australian medicines sector.
DBG Health, the parent company of Arrotex Pharmaceuticals, has entered into a definitive agreement for a significant minority investment from US merchant bank BDT & MSD Partners, which has connections to Michael Dell of Dell Computers. The bank specialises in working with growth-minded founders and their families.
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Posted 6 August 2025 AM
Dennis Bastas has sold part of his healthcare empire in a historic deal that provides access to more than $1 billion which will be used to bankroll major growth in the Australian medicines sector.
DBG Health, the parent company of Arrotex Pharmaceuticals, has entered into a definitive agreement for a significant minority investment from US merchant bank BDT & MSD Partners, which has connections to Michael Dell of Dell Computers. The bank specialises in working with growth-minded founders and their families.
To see the whole article, please login
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