Ontario Teachers’ Pension Plan and Swander Pace Capital selling Insight Pharmaceuticals

Ontario Teachers’ Pension Plan and Swander Pace Capital selling Insight Pharmaceuticals

PR Newswire

TORONTO, April 25, 2014 /PRNewswire/ – The Ontario Teachers’ Pension Plan
(Teachers’) today announced, along with partner Swander Pace Capital
(SPC), an agreement to sell Insight Pharmaceuticals (Insight), to
Prestige Brands Holdings (NYSE: PBH) for US$750 million.

Insight is an over-the-counter (OTC) products company that has a
portfolio of nearly 30 brands, with a strong presence in women’s health
and personal care products.

Teachers’ initial investment in Insight was made in 2011 through
Teachers’ Private Capital (TPC).

“Working with SPC and Insight management, we are pleased to have
supported the company’s growth strategy,” said Jane Rowe, Senior
Vice-President of TPC.

TPC activities include leading deals on a sole or partnered basis,
investing in private equity funds in markets and sectors that it cannot
efficiently access directly and co-investing with other like-minded
private equity funds. TPC manages a global portfolio valued at
approximately $14.8 billion.

About Teachers’
With $140.8 billion in net assets as of December 31, 2013, the Ontario
Teachers’ Pension Plan is the largest single-profession pension plan in
Canada. An independent organization, it invests the pension fund’s
assets and administers the defined benefit pensions of 307,000 active
and retired teachers in Ontario. For more information, including our
annual reports from 2013 and previous years, visit www.otpp.com. Follow us on Twitter @OtppInfo

About Swander Pace Capital
Swander Pace Capital is a leading private equity firm specializing in
investments in growth-oriented, middle-market consumer products
companies in North America and the United Kingdom. Since its inception
in 1996, Swander Pace Capital has applied its consumer products
expertise pursuing a consistent strategy of acquiring or investing in
consumer products companies with leading market positions in
attractive, defensible niches. With staff in San Francisco, New Jersey,
and Ontario (Toronto), Swander Pace Capital provides portfolio
companies with a unique mix of financial and strategic consulting
support to create long-term value. Swander Pace Capital has raised over
$1.3 billion of equity capital through five private equity funds and
has led successful investments in more than 40 consumer companies with
total revenues in excess of $2.0 billion. For more information, visit www.spcap.com.

SOURCE Ontario Teachers’ Pension Plan

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