Day: February 22, 2023

This acquisition reaffirms DHS’ strategy to become one of the fastest growing pharmaceutical organizations in Latin America

WASHINGTON, February 22, 2023 (Newswire.com)
–
DHS Ventures & Holdings, one of the world’s largest private equity investors, today announced it has entered into a definitive agreement to acquire Grupo SILMEX.

Grupo SILMEX is an integrated pharmaceutical company focused on developing, manufacturing, and marketing high-quality branded generic, private label and OTC products targeted to the private market and offering CDMO services across key market segments in Mexico. Grupo SILMEX offers a diversified portfolio of products across key categories and has strong R&D and manufacturing capabilities, operating six modern production facilities in Mexico, including three FDA-approved plants with the ability to export to the U.S.

With a highly seasoned management team that has driven strong operating and financial performance over the past years, Grupo SILMEX is well positioned to capitalize on the strong secular tailwinds underpinning the Mexican market and sustain consistent growth across its different business lines. Grupo SILMEX generated approximately US$184 million in net revenues (on an expected combined basis).

“We are thrilled to execute an important milestone on our long-planned rollup strategy with an ideal acquisition target for DHS Ventures & Holdings,” said Fernando Aguirre, Executive Vice Chairman. “We believe Grupo SILMEX diversified portfolio of innovative products alongside its management and technical capabilities will help accelerate DHS top and bottom-line growth into the near future. With this acquisition, DHS Ventures continues to diversify its products and geographies based on being a leader in innovative oral delivery systems. I am excited to finally have a physical presence in Mexico, a country for which we have had great admiration for many years. This is something that we have been working towards for quite some time. This announcement marks an incredibly proud day in our company´s 45-year-old history.”

Peter Weinstein, Chairman of the M&A Committee of DHS Ventures, added: “Grupo SILMEX represents a significant step forward for our regional consolidation strategy, expanding our reach in Mexico, which we anticipate will represent approximately 30% of the total revenues of the companies’ combined, with the expectation to grow even more. We believe the combination of Grupo SILMEX and DHS Ventures advances our position as a leading pan-regional integrated pharmaceutical company in Latin America and represents a unique opportunity to realize not only significant innovation capabilities as well as significant synergies through cross-selling opportunities and cost efficiencies.“

Contact Information:

Kali Ferrati

Vice President of Communications

k.ferrati@dhsventures.com

202-719-0398

Steven Palmer

Senior Vice President of Communications

s.palmer@dhsventures.com

202-719-0398

Original Source:

Fernando Aguirre, Vice Chairman of DHS Ventures, Announced Acquisition of Grupo SILMEX for $750M Gaining Presence in Mexico

Fastexverse, the metaverse company of Fastex ecosystem, hosts the launch of Paul Dawalibi’s new book, “Metaverse dream”.

DUBAI, Arab Emirates, February 22, 2023 (Newswire.com)
–
Fastexverse – the metaverse company for Fastex ecosystem, will host the launch of the new book “Metaverse dream” by Paul “The Profit” Dawalibi, a renowned futurist and virtual reality expert.

In “Metaverse dream”, Paul takes readers on a journey through the metaverse and examines its potential to change the way we live, work, and play. He also shares his thoughts on the challenges and opportunities that lie ahead as we move towards a fully realized metaverse.

The book will be available on Fastexverse’s platform and is sure to be a valuable resource for anyone interested in the future of the metaverse and virtual reality. Users can explore parts of the book in a specially built 3D room, videos, reports on Metaverse industry, quotes from the book, illustrations and more. The book is published by the renowned Assouline and will be presented and available in ftNFT store in the Mall of emirates, Dubai.

“I am truly excited to partner with Fastexverse. The next decade will radically transform fun, entertainment and leisure and set the stage for the inevitable outcome of gaming and metaverse dominance. There is a multi-trillion dollar industry at stake. More wealth will be created in the metaverse over the next few decades than in any other industry,” says “The Profit”.

“As an active member of this new industry, it was very important for us to host a presentation about Metaverse in the Metaverse environment. Fastexverse is happy to give the opportunity to thousands of people to learn more about the possibilities of near future,” says Vahe Khachatryan, the head of Fastexverse.

Contact Information:

Vahe Khachatryan

Head of Fastexverse

vahe.khachatryan@fastexverse.com

Original Source:

Fastexverse Hosts Presentation of the Book ‘Metaverse Dream’