Envigo Strikes Latest Deal With A PE-Backed Acquisition Co.
By Adam Rhodes (August 21, 2017, 3:44 PM EDT) -- An Avista Capital Holdings-backed special purpose acquisition company announced Monday its bid to combine with Envigo International, a products and research services provider to pharmaceutical and other companies, to create an entity valued at $924 million, the latest in a string of similar deals made in the past week.
Private equity-backed Avista Healthcare Public Acquisition Corp. jointly announced the deal with New Jersey-based Envigo International Holdings Inc., under which Envigo will become a subsidiary of AHPAC. After the deal closes, AHPAC will be renamed Envigo International Holdings Inc., according to the announcement, and is expected to be publicly traded on the...
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