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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 co-led by Hadrien Montagne and Vincent  Laurin that included Valérie Trudeau, and Dominique Paiement (Business).

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