Archer, Ironbridge exit iNova Pharmaceuticals for $690m
Archer Capital and Ironbridge Capital have exited iNova Pharmaceuticals to Canada’s Valeant Pharmaceuticals in a deal worth up to A$700 million ($690 million). Valeant will pay A$625 million up front plus a further A$75 million based on the success of pipeline activities, product registrations and overall revenue.
Archer and Ironbridge stand to make a 2.5-3x return on their investment, The Australian reported. The private equity firms bought iNova, a consumer healthcare and prescription business that operates in...
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