Teachers, Swander Pace to sell Insight Pharmaceuticals for $750 mln
Teachers' Private Capital, the investment arm of Ontario Teachers' Pension Plan, and U.S. private equity firm Swander Pace Capital have agreed to sell Insight Pharmaceuticals LLC to Prestige Brands Holdings Inc (NYSE: PBH) for US$750 million. According to Prestige Brands, the deal is expected to close later this year. Swander Pace has been a primary investor in Insight since 2009, while Teachers made its initial investment in 2011. The Trevose, Pennsylvania-based company specializes in over-the-counter health and personal care products. Canadian law firm Torys LLP is representing Teachers in the sale. Swander Pace last month agreed to sell another portfolio company, Ancaster, Ontario-based Pineridge Bakery Inc.
25 April 2014•2 mins read
