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Canada's Concordia Healthcare Corp said it would buy Amdipharm Mercury Ltd from European private equity firm Cinven for US$1.9 billion to expand its portfolio of drugs aimed at treating rare diseases, Reuters reported. Including debt, the deal is valued at US$3.3 billion.
Mitel Networks Corp (TSX: MNW) (Nasdaq: MITL), a provider of business communications and collaboration software and services, has agreed with selling investors to commence a secondary offering of 7.4 million common shares priced at $12.30 per share, or $91 million in total. One of the sellers is U.S. private equity firm Francisco Partners, which took a stake in the company in 2007. The offering is expected to close on or about May 28. Last January, the Ottawa-based Mitel completed its $400 million acquisition of enterprise communications company Aastra Technologies Ltd.
Deal lawyer Chris Manderson explores exit options for sponsors, including "emerging growth company" IPOs enabled by the JOBS Act, dividend recaps, real estate investment trusts and more.
Riordan Lewis & Haden used a RIDEA partnership to achieve a cash return of more than 10x its investment, while retaining a significant minority stake in one of its healthcare portfolio companies, says PE attorney Chris Manderson.
Deal lawyer Chris Manderson offers some important tips PE firms should follow to avoid ending up in a situation like the one EIG Global Energy is dealing with at Chesapeake Energy Corp.

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