Florida-based private equity firm New Water Capital has sold Trillium Health Care Products, a contract development and manufacturing organisation of branded over-the-counter products in North America, to New York-based private equity firm Avista Healthcare Partners.
Trillium’s sale marks New Water’s sixth investment in its inaugural fund. The firm is currently investing out of its second fund.
Based in Brockville, Ontario, Trillium works with North American and global consumer healthcare and pharmaceutical companies, offering development and manufacturing across liquid, semi-solid and solid dosage forms.
Trillium was advised by Piper Sandler & Co and Stikeman Elliott.
Based in Boca Raton, New Water Capital invests in lower-middle market businesses operating within the consumer products and industrial manufacturing and services sectors with revenues of $30m to $300m.
