Cinven to sell Amdipharm Mercury for $3.5 billion

Concordia Healthcare Corp. said Tuesday it has agreed to buy Amdipharm Mercury Ltd. for about $3.5 billion. The seller is Cinven. The $3.5 billion will consist of $1.2 billion cash, $700 million stock, the assumption of $1.4 billion in debt and a maximum performance-based cash earn-out of $220 million payable in fourth quarter 2016. Goldman, Sachs & Co., Credit Suisse, RBC Capital Markets and Jefferies are providing financing. London-based Amdipharm Mercury is pharmaceutical company.


Cinven sells out of aircraft leaser Avolon in $7.6 bln sale

Cinven is selling its stake in Avolon, an international aircraft leasing company, in the sale of the company to Bohai Leasing Co for $7.6 billion. Cinven and its investment partners created Avolon in 2010 with an enterprise value of $1.4 billion, including equity commitments of $750 million from Cinven, CVC Capital Partners and Oak Hill Capital Partners.

Comedian Tracy  Morgan from the television series "30 Rock" arrives at the White House Correspondents' Association dinner in Washington in this May 1, 2010 file photo.  REUTERS/Richard Clement/Files

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First Read starts your morning with news that Cinven is planning on buying Labco for $1.3 billion, the Pentagon accidentally sends live anthrax to labs via FedEx and Tracy Morgan settles with Walmart over car crash that seriously injured him.


Cinven to buy Labco for $1.3 bln

Cinven said Thursday it has agreed to buy Labco. The deal has an enterprise value of 1.2 billion euros (US$1.3 billion). Paris-based Labco operates medical diagnostic laboratories.

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