Warburg Pincus LLC is selling JHP Group Holdings LLC to TPG Capital LP-backed Par Pharmaceutical Cos. Inc. for $490 million only one year after acquiring the company, sources said. The deal was announced without terms on Tuesday, Jan. 21. Parsippany, N.J.-based JHP Group is the parent company of JHP Pharmaceuticals, a pharmaceutical company that acquires, develops, manufactures and sells sterile injectable drugs.
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