Charlesbank Exits Blacksmith Brands
November 3, 2010- Share:
Charlesbank Capital Partners has sold Blacksmith Brands to Prestige Brands (NYSE: PBH) for $190 million in cash. The firm formed the company with Peter Mann and Dana Schmaltz in 2009 with the acquisition of five over-the-counter brands from Johnson & Johnson (NYSE: JNJ). Prestige Brands is backed by GTCR Golder Rauner and TCW/Crescent Mezzanine and was advised on the transaction by Sawaya Segalas & Co.
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