Neighbourly Pharmacy Inc. closes C$150M treasury and secondary bought deal offering led by Scotia Capital and RBC Capital Markets
Date Closed
October 25, 2021
Lead Office
Montréal
Value
150.00 Million CAD
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).
