NEW YORK (AP) -- The four venture capital firms that own most Warner Chilcott PLC will sell off part of their stake, the women's health and dermatology products maker said Friday.

Warner Chilcott said Bain Capital Partners, DLJ Merchant Banking, JPMorgan Partners, and Thomas H. Lee Partners will sell 20 million shares of its stock. Warner Chilcott will not get any of the proceeds from the sale.

The four funds combined to take Warner Chilcott private in January 2005. The company went public again in 2006.

As of March, the funds owned about 61 percent of Warner Chilcott's Class A shares. The company had 251.5 million shares on the market as of Oct. 30, so the 20 million shares being sold represent about 8 percent of Warner Chilcott stock.

Warner Chilcott is based in Ireland.