Brief: Clairvest announces agreement to sell LSNE

Clairvest

27/03/2017 12:30

March 27 (Reuters) - Clairvest Group Inc  CVG.TO :  
    * Clairvest announces agreement to sell LSNE 
    * Clairvest announces agreement to sell LSNE 
    * Clairvest Group Inc - should transaction close on 
anticipated terms, Clairvest and CEP III expect to realize sale 
proceeds of approximately US$80 million 
    * Says LSNE CEO Matt Halvorsen will remain a shareholder, 
rolling equity alongside Permira 
    * Clairvest Group Inc -  proposed transaction is expected to 
close during quarter ended June 30, 2017 
    * Clairvest Group Inc - Wells Fargo Securities served as 
exclusive financial advisor to LSNE 
    * Clairvest Group - has entered into an agreement to sell 
its interest in lyophilization services of New England to a 
company backed by Permira funds 
    * Clairvest Group says co, CEP III expect to realize sale 
proceeds of approximately US$80 million, versus a fair value of 
US$48.9 million at December 31, 2016 
 
Source text for Eikon:  ID:nMKWnk6PNa  
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