Biggest deals in the past 30 days*

Piramal Healthcare Ltd, headed by Ajay Piramal, completed the acquisition of US-based Decision Resources Group (DRG) for $635 million (Rs 3,518.5 crore). The company has bought DRG from Providence Equity Partners Inc. and will now operate it as a stand-alone business. DRG was valued at four times its annual revenue and the acquisition was funded by a mix of debt and equity. DRG will remain headquartered in Burlington, Massachusetts and be led by its existing management team.

DRG is a provider of web-enabled research and predictive analysis through proprietary databases and consulting services to the global health care industry. The company is focused on three market segments - biopharma, market access and medical technology.

Piramal Healthcare is a flagship company of the Piramal group. It aims to be the first Indian company to develop and launch its own new chemical entity drug in the global market. The DRG acquisition is part of Piramal's strategy to invest in intellectual property in the healthcare space.