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Leiner recapitalization complete

This article was originally published in The Tan Sheet

Executive Summary

Sale of North Castle Partners' majority stake in private labeler Leiner Health Products is finalized, the private equity firm announces May 27. A $265 mil. investment in Leiner by private equity firm Golden Gate and North Castle makes the two firms co-sponsors of Leiner and is part of the $650 mil. recapitalization. North Castle talked with several equity firms prior to announcing the deal (1"The Tan Sheet" Feb. 23, 2004, p. 3)...
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