PE Deals

Persistence Capital to take Neighbourly private, Brookfield to invest

Brookfield Asset Management has committed to a structured equity investment of up to C$320 million in the privatized company.

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  • PCP will pay C$18.50 per common share in cash, representing a consideration of around C$415 million, plus one CVR per share
  • The deal follows PCP’s initial proposal on 3 October 2023
  • With the deal’s closing, expected by March 29, the firm will own 100 percent of Neighbourly

Persistence Capital Partners (PCP) has agreed to take Neighbourly Pharmacy, a Toronto-based network of independent pharmacies, private by acquiring the company’s remaining common shares.

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