inVentiv Health Announces Completion of Acquisition by Thomas H. Lee Partners
05 8월 2010 - 1:00AM
inVentiv Health, Inc. (Nasdaq:VTIV) ("inVentiv"), a leading
provider of end-to-end clinical development, launch and
commercialization services to the global pharmaceutical and
healthcare industries, today announced the completion of the
transaction providing for the acquisition of inVentiv Health, Inc.
by inVentiv Group Holdings, Inc. (formerly Papillon Holdings,
Inc.), an entity created and funded by certain affiliates of Thomas
H. Lee Partners, L.P. ("THL"), Liberty Lane Partners, LLP ("Liberty
Lane"), certain co-investors and members of the inVentiv management
team.
Pursuant to the terms of the merger agreement, inVentiv
shareholders will receive $26.05 in cash for each share of VTIV
common stock they hold. As a result of the merger, inVentiv's
common stock will no longer be listed on NASDAQ.
Stockholders of record will receive a letter of transmittal and
instructions on how to surrender their shares of inVentiv common
stock in exchange for the merger consideration. Stockholders of
record should wait to receive the letter of transmittal before
surrendering their shares.
About inVentiv Health
inVentiv Health, Inc. is a leading provider of value-added,
outsourced services to the pharmaceutical, life sciences and
healthcare industries. inVentiv provides a broad range of clinical
development, communications and commercialization services that are
critical to its clients' ability to successfully develop, launch
and commercialize pharmaceutical products and medical devices.
inVentiv serves its clients across all phases of the product
lifecycle by providing a full suite of outsourced services in each
of its operational areas on a flexible and cost-effective basis.
inVentiv delivers services to more than 350 leading pharmaceutical,
biotech, life sciences and healthcare payer companies, including
all top 20 global pharmaceutical manufacturers. For more
information, visit www.inventivhealth.com.
The inVentiv Health, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4942
About Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners ("THL") is one of the world's oldest and
most experienced private equity firms. The firm invests in
growth-oriented global businesses, headquartered principally in
North America, within three broad sectors: Business & Financial
Services, Consumer & Healthcare and Media & Information
Services. THL's team of investment and operating professionals
partner with its portfolio company management teams to identify and
implement business model improvements that accelerate sustainable
revenue and profit growth. Since its founding in 1974, THL has
acquired more than 100 portfolio companies and has completed over
200 add-on acquisitions, representing a combined value of more than
$150 billion. THL's two most recent investment funds comprise more
than $14 billion of aggregate committed equity
capital. Notable transactions sponsored by THL include
Aramark, Ceridian, Dunkin' Brands, Experian, Fidelity National
Information Services, HomeSide Lending, Houghton Mifflin, Michael
Foods, The Nielsen Company, ProSiebenSat.1, Snapple, Warner
Chilcott, Warner Music Group and West Corporation. For more
information, please visit www.thl.com.
About Liberty Lane Partners, LLP
Liberty Lane invests in businesses that can benefit from the
operating, financial and transaction experience of its founding
principals, with a particular focus on pharmaceutical services and
healthcare. Liberty Lane's operating strategies are designed to
generate above-market absolute-dollar returns through strategic
realignment, organic growth initiatives, cash flow management and
acquisitions. Liberty Lane is led by Paul Meister, former
Chairman of Thermo Fisher Scientific and Vice Chairman of Fisher
Scientific.
CONTACT: inVentiv Health, Inc.
Investors/Corporate:
David Bassin, CFO
(732) 537-4804
investor@inventivhealth.com
Media:
Marcia Frederick
(614) 543-6281
mfrederick@inventivhealth.com
For THL Partners:
Matt Benson
(415) 618-8750
Robin Weinberg
(212) 687-8080
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