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Article: Swander Pace Makes Pharma Play.(News)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- June 29, 2009
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Byline: Editorial Staff
Swander Pace Capital bought Insight Pharmaceuticals Corp., maker of over-the-counter treatments including Sucrets, Dermarest and Anacin.
Terms of the deal were not disclosed and calls seeking comment were not returned.
Insight comes to the Swander Pace portfolio from Allied Capital Corp., a listed business development company that, as of late, has sought to reduce debt and bolster its liquidity during a slow deal environment. Allied paid $155 million to buy the company in 2004 after providing it with $10 million in debt financing the prior year; the company until Allied was held by Catterton Partners.
The ...