Financial specialist Owen Blicksilver PR represents Envision Pharmaceutical Services, which today announced its $2B acquisition by Rite Aid.
The move bolsters the position of the nation's No. 3 drug store chain in the fast-growing pharmaceuticals market.
Rite Aid CEO Jeff Standley said the acquisition of Envison's drugs-by-mail capability with his company's more than 4,500 retail outlets is a "compelling pharmaceutical offering."
Envision is projected to have $5B in revenues this year. Rite Aid 2014 revenues topped the $25B mark.
Private investment firm TPG, which has $65B assets under management, owns Envision.
Blicksilver's Lisa Baker and Jennifer Hurson handle Envision/TPG.
Susan Henderson is chief communications officer of Rite Aid.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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