MJH Life Sciences obtains financing commitment for BDT Capital acquisition

Bank of America and PNC Bank agreed to provide committed financing in connection with BDT Capital's planned acquisition in a majority interest in MJH Life Sciences LLC, which is expected to close later in 2021, according to a statement.

MJG Life Sciences will remain headquartered in Cranbury, N.J., and will continue to be led by CEO Mike Hennessy Jr., who has led the company since 2019. The Hennessy Family, which founded the company, will continue to hold a significant minority ownership position.

MJH Life Sciences is a privately held medical company.