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Procaps Group has secured a major transformation with a $130 million equity investment and completed a comprehensive debt restructuring of $209 million. New strategic investors now hold approximately 90% of the company, marking a significant shift in leadership.
Key developments include:
- Relocation of headquarters to Bogotá, Colombia
- Reorganization into five regional clusters: Colombia, Brazil, United States, Andinos, and CENAM
- Implementation of stronger governance and internal controls
- Debt restructuring with extended maturities and revised payment terms
The transformation plan focuses on:
- Restoring profitability through operational efficiency
- Publishing delayed financial results
- Selling non-core assets
- Strengthening CDMO global presence
The company maintains its operational presence in Barranquilla for manufacturing and product development. With new investors bringing healthcare sector expertise, Procaps aims to become a leading pharmaceutical platform in Latin America.
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