PE-Backed Inc Research Unveils $204M Secondary Share Sale

Law360, New York (August 17, 2016, 3:42 PM EDT) -- Ontario Teachers’ Pension Plan is set to completely exit its stake in INC Research Holdings Inc. through a secondary offering of the company’s stock that could raise up to $204.2 million for the investment fund and Avista Capital Partners LP, which is also cutting its stake.

The two investment funds have been cutting back their stakes in the clinical development services company since taking it public in November 2014. Tuesday’s announcement marks the second such offering in August alone and the third in four months.

OTPP will sell just under 3 million shares in INC, while Avista will sell a little...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!