Pacific Equity Partners and The Carlyle Group closes acquisition of iNova from Valeant

Pacific Equity Partners and The Carlyle Group have completed previously announced acquisition of the iNova Pharmaceuticals business from Valeant Pharmaceuticals International, Inc. (NYSE/TSX: VRX) for US $930 million.

iNova markets a diversified portfolio of prescription and OTC products in areas such as weight management, pain management, cardiology and cough and cold and operates in more than 15 countries around the world. iNova holds leading market positions in Australia and South Africa and also has an established platform in Asia.

In December 2011, Valeant Pharmaceuticals acquired iNova from Archer Capital, Ironbridge Capital and other minority management shareholders for US $716.6 million.

Goldman, Sachs & Co. served as financial advisor to Valeant, and Baker McKenzie acted as legal advisor to Valeant.

Pacific Equity Partners and The Carlyle Group have been advised by Gilbert + Tobin, Allier Capital, Credit Suisse, Bank of America Merrill Lynch, UBS and Macquarie Bank.

photo credit: iNova Pharmaceuticals

Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal,,, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase. Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.