Warburg Pincus Puts Up $195M For Specialty Drug Co.

Law360, New York (January 2, 2013, 5:52 PM EST) -- New York private equity firm Warburg Pincus LLC has scooped up a controlling stake in New Jersey-based specialty pharmaceutical company JHP Pharmaceuticals LLC for $195 million in cash, it said Monday, lifting ownership from a Morgan Stanley unit.

Under the terms of the transaction, Warburg Pincus will split ownership of the Parsippany, N.J., company with its current management team. The firm did not disclose how large a stake JHP's executives would keep or give a financing breakdown, saying only that it covered the purchase price on...
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