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  "documentTitle": "Jefferies Broadview Patheon Presentation Nov 17 2013",
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      "text": "Sources: Company filings, press releases, Capital IQ and Wall Street research. Notes: 'na' indicates data is not available; 'nm' indicates data is not meaningful.",
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      "text": "(1) 2010 Kendle Adjusted EBITDA adjusted for one time restructuring expense of $4.5 million and goodwill impairment charge of $7.3 million. (2) 2012 Qualicaps estimated revenue estimate of ¥19 billion per Mitsubishi Chemical Holdings Corporation public document 'Completion of Acquisition of Qualicaps', dated March 1, 2013. (3) 2012 Banner estimated PF Adjusted EBITDA of $25 million per Patheon company presentation, dated October 29, 2012. (4) 2010 Capsugel estimated revenue of $750 million per KKR press release, dated April 4, 2011. (5) 2010 Lancaster Labs estimated revenue of $115 million per Thermo Fisher Scientific press release, dated February 24, 2011.",
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      "text": "Precedent Transactions",
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