Parexel to provide clinical operations, real-world data solutions and expertise including medical and regulatory alongside innovative clinical research tools that will significantly enhance and streamline n-Lorem's therapeutic development efforts. "With the market for . Pamplona originally took Parexel private for $5 billion.. Thirty-nine-year-old Parexel provides clinical-development services for life sciences and biopharmaceutical clients. CRO Parexel changes private equity hands again, this time for $8.5B. Although its primary . Private-equity firm Pamplona Capital Management has reached a deal to buy Parexel International for $4.6 billion, the latest in a series of mergers among drug-research firms. Josef von Rickenbach will continue to serve as CEO. PAREXEL International Corporation (PRXL) recently announced that it has agreed to be acquired by Pamplona Capital Management, LLP. Parexel to be Acquired by EQT Private Equity and Goldman Sachs Asset Management. PAREXEL International Corporation (PRXL) recently announced that it has agreed to be acquired by Pamplona Capital Management, LLP. EQT and Goldman Sachs completed the acquisition on November 15, 2021. "Over the past 18 months Parexel has continued its strong growth trajectory delivering on its patients-first focus and accelerating new therapies to patients in need around the world," said Parexel CEO Jamie Macdonald in a statement. BOSTON, September 29, 2017 - PAREXEL International Corporation (NASDAQ: PRXL) ("PAREXEL" or the "Company"), a leading global biopharmaceutical services company, announced that Pamplona Capital Management, LLP ("Pamplona") completed its acquisition of PAREXEL today. John Halsted, Managing Partner, Pamplona Capital Management, commented, "We're very proud of Parexel's progress over the past four years and the important work they do in helping bring exciting . Pamplona will acquire all outstanding shares of PAREXEL for $88.10 per share in cash, per the agreement. Learn more. According to a statement issued on 4 November 2021, the European Commission (EC) announced it has decided, under Article 6 (1) of the EU Merger Regulation, to clear the acquisition of Parexel by Goldman Sachs and EQT. Private equity firm Pamplona Capital Management didn't wait long before it started pulling money out of Parexel International Corp., a company it bought in 2017, and it extracted the cash in an . Parexel, a leading global clinical research organization (CRO) focused on the development and delivery of innovative new therapies to advance patient health, today announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund ("EQT Private Equity") and the Private Equity business within Goldman Sachs Asset Management ("Goldman Sachs") from . Pamplona acquired all outstanding shares of PAREXEL for $88.10 per share in cash. Pamplona Capital Management acquired the company in September 2017, for $88.10 per share, about $5 billion. PAREXEL International Corporation PRXL , a global biopharmaceutical services company and provider of clinical research and logistics, recently. John Halsted, Managing Partner, Pamplona Capital Management, commented, "We're very proud of Parexel's progress over the past four years and the important work they do in helping bring exciting new therapies to patients in need. Parexel, the clinical research giant co-headquartered in Newton, Mass., and Durham, N.C., is being snapped up in a private-equity deal worth $8.5 billion. PAREXEL International Corporation PRXL, a global biopharmaceutical services company and provider of clinical research and logistics, recently announced that it has agreed to be acquired by Pamplona Capital Management, LLP. PRXL Parexel International Corp. Pamplona Capital Management Completes Acquisition of PAREXEL International PAREXEL International Corporation (NASDAQ: PRXL) ('PAREXEL' or the 'Company'), a leading global biopharmaceutical services company, announced that Pamplona Capital Management, LLP ('Pamp. 3) Icon showed an interest in doing a transformative deal to jump up to the mega-CRO class. Parexel honored for commitment to improve gender representation across ranks and . "Over the past 18 months Parexel has continued its strong growth trajectory delivering on its patients-first focus and accelerating new therapies to patients in need around the world," said Parexel. Parexel, a global clinical research organisation (CRO), has announced the execution of a merger agreement under which it will be acquired by EQT IX fund and the private equity business within Goldman Sachs Asset Management (Goldman Sachs) from Pamplona Capital Management LP for $8.5 bn. Parexel's shares were trading at $87.67 before the bell, just shy of the . BOSTON- (BUSINESS WIRE)-PAREXEL International Corporation (NASDAQ: PRXL) ("PAREXEL" or the "Company"), a leading global biopharmaceutical services company, announced that Pamplona Capital Management, LLP ("Pamplona") completed its acquisition of PAREXEL today. Pamplona acquired all outstanding shares of PAREXEL for $88.10 per share in cash. In particular, they successfully adapted the business to work in the midst of a global pandemic, and supported the development of therapies to combat the COVID . For EQT: Daniel Yunger, Kekst CNC, + 1 917 574 8582 Parexel is being sold for $8.5 billion by Pamplona Capital to Swedish private equity firm EQT and the private equity business of Goldman Sachs Asset Management. At the start of 2019, Parexel also went on a small hiring spree, snapping up a series of former FDA staffers including Amy McKee, M.D., who in February became its new lead to help build up the . BOSTON: Parexel, a leading global clinical research organization (CRO) focused on development and delivery of innovative new therapies to advance patient health, announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund and the private equity business within Goldman Sachs Asset Management from Pamplona Capital Management LP for $8.5 billion. The purchase price represents a 27.9% premium to PAREXEL's unaffected closing stock price on May 5, 2017, the last trading day prior . Josef von Rickenbach will continue to serve as CEO. The transaction was approved overwhelmingly by stockholders on September 15, with more than 98% of votes cast in favor. For Parexel: Lori Dorer Senior Vice President, Corporate Communications +1 513 496 8121. parexel international corporation (nasdaq: prxl), a leading global biopharmaceutical services provider, and pamplona capital management, llp (pamplona) today announced that they have entered into a definitive agreement under which pamplona will acquire all of the outstanding shares of parexel for $88.10 per share in cash in a transaction valued … The company was acquired by private equity firm Pamplona Capital Management for approximately $5.0 billion. boston & new york-- ( business wire )--parexel international corporation (nasdaq: prxl), a leading global biopharmaceutical services provider, and pamplona capital management, llp (pamplona) today. The private equity firm was said to be. PAREXEL Announces Acquisition by Pamplona Capital . The transaction was approved overwhelmingly by stockholders on September 15, with more than 98% of votes cast in favor. Established in 1982, Parexel is a clinical research organisation that provides support for the development of new medicines. The transaction was approved by stockholders, with more than 98% of votes cast in favor. Evercore acted as the financial advisor to Parexel, and Kirkland & Ellis LLP provided legal counsel in connection with the . Dr. Jeremy Gelber, Partner of Pamplona Capital Management, will serve on the . The Wall Street Journal reported Thursday that EQT and Goldman were close to a . EQT Private Equity and Goldman Sachs have closed its previously announced buyout of Parexel, a global clinical research organization, for $8.5 billion. The transaction is valued at approximately $5 billion, including assumption of PAREXEL's net debt by Pamplona. BOSTON and DURHAM, N.C., July 02, 2021 (GLOBE NEWSWIRE) -- Parexel, a leading global clinical research organization . The European Commission has approved Goldman Sachs and EQT's acquisition of Parexel from Pamplona capital management. Pamplona Capital Management announced this morning that it will be . Parexel to be Acquired by EQT Private Equity and Goldman Sachs Asset Management GlobeNewswire July 02, 2021 BOSTON and DURHAM, N.C., July 02, 2021 (GLOBE NEWSWIRE) -- Parexel,. PAREXEL International Corporation PRXL, a global biopharmaceutical services company and provider of clinical research and logistics, recently announced that it has agreed to be acquired by Pamplona. PAREXEL International Corporation , a leading global biopharmaceutical services company, announced that Pamplona Capital Management, LLP completed . 1) Parexel is being acquired by Pamplona Capital and will become a private company. Goodwin represented PAREXEL International Corporation (NASDAQ: PRXL) in the completion of its agreement to be acquired by Pamplona Capital Management, LLP for $88.10 per share in cash in a transaction valued at approximately $5.0 billion. Goodwin represented PAREXEL International Corporation (NASDAQ: PRXL) in its agreement to be acquired by Pamplona Capital Management, LLP PAREXEL for $88.10 per share in cash in a transaction valued at approximately $5.0 billion, including PAREXEL's net debt. PAREXEL stock will stop trading at the close of business on . PAREXEL provides a broad range of expertise-based clinical research, consulting, medical communications, and technology solutions and services. Parexel Named 2022 Catalyst Award Winner . On July 2, 2021, Parexel announced a merger agreement under which it would be acquired by EQT IX fund and Goldman Sachs for $8.5 billion. BOSTON and DURHAM, N.C., July 02, 2021 (GLOBE NEWSWIRE) — Parexel, a leading global clinical research organization (CRO) focused on development and delivery of innovative new therapies to advance patient health, today announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund ("EQT Private Equity") and the […] The EQT IX fund (EQT Private Equity) and Goldman Sachs Asset Management's Private Equity business have executed a definitive merger agreement to acquire Parexel from Pamplona Capital Management for $8.5bn. Pamplona acquired all outstanding shares of PAREXEL for $88.10 per share in cash. Biopharmaceutical company Parexel confirmed Tuesday morning it will be acquired by Pamplona Capital for $88.10 per share in cash, in a transaction valued at approximately $5 billion. The transaction is subject to customary closing conditions. The transaction is subject to customary conditions, including receipt of applicable regulatory approvals. | February 7, 2022 Jason Monteleone is a guest contributor to Outsourcing-Pharma.com's Pharma Finance column. 2) CRO valuations continue to remain healthy at greater than 12 times EBITDA. PAREXEL stock will stop trading at the close of business today. Parexel will be acquired by EQT IX fund and the Private Equity business within Goldman Sachs Asset Management from Pamplona Capital Management LP for $8.5 billion. Parexel International, a global biopharmaceutical services provider, will be acquired by Pamplona Capital Management, the two companies announced Tuesday. PRXL Parexel International Corp. Pamplona Capital Management Completes Acquisition of PAREXEL International PAREXEL International Corporation (NASDAQ: PRXL) ('PAREXEL' or the 'Company'), a leading global biopharmaceutical services company, announced that Pamplona Capital Management, LLP ('Pamp. BOSTON and DURHAM, N.C., July 02, 2021 (GLOBE NEWSWIRE) -- Parexel, a leading global clinical research organization (CRO) focused on development and delivery of innovative new therapies to advance patient health, today announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund ("EQT Private Equity") and the Private Equity business within Goldman . The seller was Pamplona . * Parexel International enters definitive agreement to be acquired by Pamplona Capital Management for $88.10 per share in cash * Parexel International Corp - transaction valued at approximately $5 . Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations. synopsis: Pamplona Capital Management, LLP has entered into a definitive agreement to acquire all of the outstanding shares of PAREXEL International Corporation, a leading global biopharmaceutical services provider. CONTACTS. This along with the assumption of PAREXEL's net debt by Pamplona takes the total amount of . boston and durham, n.c., july 02, 2021 (globe newswire) -- parexel, a leading global clinical research organization (cro) focused on development and delivery of innovative new therapies to advance. The deal closed in September 2017. Pamplona Capital to Acquire Parexel for $5B Parexel has agreed to be acquired for approximately $5 billion by Pamplona Capital Management, which plans to take the CRO private, the prospective buyer. PAREXEL International Corporation PRXL, a global biopharmaceutical services company and provider of clinical research and logistics, recently announced that it has agreed to be acquired by Pamplona Capital Management, LLP. Parexel, a leading global clinical research organization focused on development and delivery of innovative new therapies to advance patient health, announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund and the Private Equity business within Goldman Sachs Asset Management from Pamplona Capital . The sale, announced Friday, would . Report: Five ways to attract early-stage investors. Pamplona will pay $88.10 per share in cash for Parexel, representing a 5 percent premium to the stock's Monday close. Lindsay LeCain Real Chemistry + 1 508 259 9521. Four years after a private equity acquisition took Parexel private, the contract research organization is being acquired by two . The transaction is valued at approximately $5 billion, including assumption of PAREXEL's net debt by Pamplona. 17 November 2021. BOSTON and DURHAM, N.C., July 02, 2021 (GLOBE NEWSWIRE) -- Parexel, a leading global clinical research organization (CRO) focused on development and delivery of innovative new therapies to advance patient health, today announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund ("EQT Private Equity") and the Private Equity business within Goldman . boston and durham, n.c. july 2, 2021 — parexel, a leading global clinical research organization (cro) focused on development and delivery of innovative new therapies to advance patient health, today announced the execution of a definitive merger agreement under which it will be acquired by eqt ix fund ("eqt private equity") and the private … BOSTON-- ( BUSINESS WIRE )--PAREXEL International Corporation (NASDAQ: PRXL) ("PAREXEL" or the "Company"), a leading global biopharmaceutical services company, announced that Pamplona Capital. 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