At Dlj, Will Lbo Lightning Strike Twice?

A second buyout fund aims for the success of the first

In February, 1994, Victor M.G. Chaltiel left his post as chairman, president, and CEO of home-health-care provider Total Pharmaceutical Care following the sale of the Torrance (Calif.) company. Minutes after the story hit the wires, a merchant banker at Donaldson, Lufkin & Jenrette Securities Corp., TPC's investment banking firm, phoned to propose they team up on a brand-new venture.

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