Sept 6 (Reuters) - British private equity firm Permira
has put its contract drugmaker Cambrex up for sale, targeting a
valuation of as much as $4 billion, the Financial Times reported
on Saturday, citing people familiar with the matter.
Cambrex has been a huge beneficiary of a push by global
drugmakers to shore up their U.S. manufacturing capacity and
domestic inventory due to looming drug import duties proposed by
President Donald Trump, the FT said.
Trump, looking to reverse decades of moving manufacturing
abroad to cut costs, said last month that he plans to impose
phased-in tariffs for the pharmaceutical sector that could
eventually rise to 250%.
Permira bought Cambrex, which provides drug developers with
manufacturing and testing services, for about $2 billion in
2019.
In August, Permira, which manages about 85 billion euros
($99.51 billion) in assets across multiple sectors, made a $3
billion offer for vaccine maker Bavarian Nordic ( BVNKF ) along
with Nordic Capital.
Permira declined to comment. Cambrex did not immediately
respond to a request for comment.
($1 = 0.8542 euros)