Sterigenics Acquires Nordion for US$826 million

  • Date Announced: March 28, 2014
  • Date Closed: August 06, 2014
  • Deal Value: US$826,000,000
  • Client Name: Nordion Inc.

On August 6, 2014, Sterigenics International LLC, the leading global provider of outsourced contract sterilization services and a portfolio company of GTCR, announced that it had completed its US$826 million acquisition of Nordion Inc. (TSX: NDN) (NYSE: NDZ).

The transaction was funded using a combination of new debt facilities and equity financing, Sterigenics' cash on hand, and a portion of Nordion's cash on hand and was implemented by way of a plan of arrangement under the Canada Business Corporations Act.

As a standalone company within Sterigenics, Nordion will remain headquartered in Ottawa, Canada and will continue to operate under the Nordion name.

Bennett Jones LLP represented Nordion Inc. in connection with due diligence aspects of the transaction relating to an ongoing investigation by regulatory authorities. The team was led by Milos Barutciski and included Alan Gardner and George Reid.