Neighbourly Pharmacy Inc. closes C$150M treasury and secondary bought deal offering led by Scotia Capital and RBC Capital Markets

On October 25, 2021, Neighbourly Pharmacy Inc. (Neighbourly) closed a C$150 million treasury and secondary bought deal offering of common shares, led by Scotia Capital and RBC Dominion Securities. 4 864 500 of Neighbourly's common shares were sold at a purchase price of $30.75 per share, totalling C$30 million gross proceeds to Neighbourly and C$120 million to selling shareholders. Persistence Capital Partners, a private equity firm headquartered in Toronto, Canada, now owns or controls 17 213 422 of Neighbourly's shares.

Neighbourly Pharmacy Inc. is a network of community pharmacies headquartered in Toronto, Canada.

McCarthy Tétrault advised Scotia Capital and RBC Dominion Securities with a team led by Hadrien Montagne and Vincent  Laurin that included Valérie Trudeau, Andrew Parker, Marie-Soleil Landry, Lisa Melanson, Camille Marceau, and Dominique Paiement (Business).