JLL Offer To Acquire Patheon



    NEW YORK, May 6 /CNW/ -- JLL Partners, Inc. and its affiliate, JLL
Patheon Holdings, LLC (collectively, "JLL"), remind holders of Restricted
Voting Shares in the capital of Patheon Inc. (TSX: PTI) ("Patheon") of their
offer to purchase any and all of the issued and outstanding Restricted Voting
Shares of Patheon for U.S. $2.00 cash per Restricted Voting Share (the
"Offer").  The Offer is open for acceptance until 6:00 p.m. (Toronto time) on
May 7, 2009, unless the Offer is extended or withdrawn by JLL.

    JLL's Offer constitutes an outstanding liquidity opportunity for holders
of a very thinly traded stock at a significant premium to market.  JLL urges
Patheon shareholders who wish to avail themselves of the liquidity opportunity
afforded by JLL's premium Offer to tender to the Offer prior to its
expiration.
    

    About JLL Partners

    
    JLL Partners, Inc. is a New York-based leading private equity investment
firm with approximately $4.0 billion of capital under management.  JLL's
investment philosophy is to partner with outstanding management teams and
invest with them in companies that they can continue to grow into market
leaders.  JLL has invested in a variety of industries, with special focus on
financial services, building products, and healthcare services and medical
products. More information on JLL can be found on the website
www.jllpartners.com.
    

    Forward-Looking Statements

    
    Certain statements made in this press release are forward-looking
statements that involve risks and uncertainties.  Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects", "expected", "scheduled", "estimates", "intends",
"anticipates", or "believes", or variations of such words and phrases, or
state that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved.  These forward-looking statements
reflect JLL's best judgment based on current information, factors and
assumptions, and although it bases these statements on circumstances that it
believes to be reasonable when made, there can be no assurance that future
events will not affect the accuracy of such forward-looking information.  As
such, the forward-looking statements are not guarantees of future performance
or actions, and actual performance and actions may vary materially from the
actions and expectations discussed in this documentation. JLL disclaims any
intention or obligation to update or revise any forward looking information
whether as a result of new information, future events or otherwise, except as
required by applicable law.


    
    The Information Agent for the Offer is:
    Laurel Hill Advisory Group
    366 Bay Street, Suite 200
    Toronto, ON  M5H 4B2
    Telephone Toll Free (North America):
    (888) 290-1555
    Telephone Collect (outside North America): (416) 637-4661
    

    
    The Dealer Manager for the Offer is:
    UBS Securities Canada Inc.
    161 Bay Street
    Suite 4100, P.O. Box 617
    Toronto, ON  M5J 2S1
    Telephone: (416) 350-2201


    




For further information:

For further information: Brian Wade, JLL Partners, +1-347-563-3702,
bwade@jllpartners.com Web Site: http://www.jllpartners.com

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JLL PARTNERS, INC.

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