Archer, Ironbridge achieve iNova exit
It may have taken longer than expected, but Archer Capital and Ironbridge Capital have finally exited Australian portfolio company iNova Pharmaceuticals to a Canadian trade buyer two years after launching an auction for the company. A healthy return on their initial investment is surely ample consolation.
Archer and Ironbridge sold iNova to Ontario-based Valeant Pharmaceuticals for A$700 million ($690 million). Valeant will pay A$625 million up front and a further A$75 million based on the success of the...
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