Botox Maker Offers Up To $375M For Fellow Skin Care Co.

Law360, New York (November 16, 2012, 3:41 PM EST) -- Allergan Inc., the maker of the popular Botox injection, will scoop up private-equity-backed SkinMedica Inc. to bolster its topical skin-care product offerings in a deal worth up to $375 million, the companies said Friday.

Under the deal's terms, Allergan will pay $350 million up front and make a follow-up payment of $25 million if SkinMedica's products hit certain sales targets. Through the transaction, Allergan would lift SkinMedica ownership from nearly a dozen investment firms including Apax Partners LLP and BlueCrest Capital Management LLP.

In the sale,...
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