Private Equity
Lake Forest, Illinois-based PharMEDium provides compounded intravenous and local anesthesia products to about 3,000 hospitals in the United States, Reuters said. CD&R completed its acquisition of PharMEDium in January 2014, an SEC filing said. The deal was valued at $900 million, according to press reports. It’s unclear how much CD&R invested. The investment came from CD&R’s ninth fund, which raised $6.25 billion in 2014. The pool generated a 10.36 percent IRR since inception as of March 31, according to the California State Teachers’ Retirement System. PharMEDium, which paid a $96.2 million dividend in 2012, has not issued any dividends since it was bought...