Rival Warner Chilcott bidders join forces

The private equity arms of Credit Suisse First Boston and JP Morgan have agreed for Bain Capital and Thomas H Lee to join the Waren Acquisition consortium in their bid to buy pharmaceutical company Warner Chilcott for £1.62bn (€2.34bn).

Private equity firms Bain and Thomas H Lee were part of a consortium, which also included The Carlyle Group, expected to table a rival bid for Northern-Ireland based Warner Chilcott (formerly Galen).