TPG Capital, Pension Plan To Buy IMS Health For $5B

Law360, New York (November 5, 2009, 4:08 PM EST) -- Investment firm TPG Capital LP and Canada-based pension manager CPP Investment Board will acquire IMS Health Inc., a provider of market intelligence to the health care and pharmaceutical industries, in a leveraged buyout deal valued at $5.2 billion.

IMS announced the buyout Thursday following its unanimous approved by the company's board of directors. The deal is valued at $5.2 billion and includes the assumption of debt.

If completed, the deal would be the largest leveraged buyout of the year, the Wall Street Journal reported.

Under the...
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