- 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.
Aptalis files for $500M IPO
Dec 26 2013, 10:05 ET