Morris Nichols Represents IMS Health Transaction Committee in $5.2 Billion Private Equity Acquisition - Largest Leveraged Buyout this Year
Wilmington, DE – November 6, 2009 – Morris Nichols’ Delaware Corporate Law Counseling Group partner Rick Alexander, and associates Eric Wilensky and Ryan Greecher, advised the Transaction Committee for IMS Health, Inc. in connection with its acquisition by TPG Capital and Canada Pension Plan Investment Board (CPPIB) in a transaction valued at $5.2 billion – the year’s largest leveraged buyout.
The agreement was unanimously approved by the IMS Board of Directors based upon the recommendation of the Transaction Committee that was established to undertake a review of IMS’ strategic alternatives. IMS Health Inc. is a leading provider of market research to the pharmaceutical and health-care industries.
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