Aptalis files for $500M IPO

CF and GI-focused Aptalis Holdings (APTA) (formed when TPG merged Axcan with Eurand two years ago) files for a $500M IPO.

TPG acquired the company in 2008 and has a 91% stake.

The PE firm attempted to sell the company for $3-4B in October, a bid that ultimately failed.

Sales rose ~12% to $667M in the year ended September 30.

Net income for the year came in at $87M ($1.26 per share) versus a net loss of $12M in 2012.


Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs