Perrigo, Tengram Capital Affiliates to Buy High Ridge Brands

High Ridge Brands announced that an affiliate of Perrigo Company will buy its oral care business and an affiliate of Tengram Capital Partners will buy its hair care and skin cleansing business following its bankruptcy sale process.

• Consideration includes a cash payment to High Ridge of $120.5m and the assumption by the buyers of working capital and substantially all go-forward liabilities of the businesses
• Will seek court approval at hearing scheduled for Feb. 26
  • Transaction seen closing 1Q 2020
  • PJT Partners serving as financial adviser to High Ridge
• Perrigo announced it has reached a definitive agreement to acquire the oral ...