Novo Holdings CEO: Activist investor helped spur record Catalent acquisition

Novo Holdings’ acquisition of Catalent is expected to be completed towards the end of 2024.

Kasim Kutay, CEO of Novo Holdings, calls the acquisition of Catalent a joint effort with Novo Nordisk, which upon completion of the deal stands to acquire three factories for DKK 76 billion. | Photo: Staff/Reuters/Ritzau Scanpix

Novo Holdings’ acquisition of U.S. contract manufacturer Catalent was prompted in part by activist investor Elliott Investment Management, which owns a large stake in the U.S. company.

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