Goldman Sachs and EQT to acquire CRO Parexel in $8.5b deal

Goldman Sachs and EQT to acquire CRO Parexel in $8.5b deal

Parexel, owned for the past four years by Pamplona Capital, was seeking a sale or an IPO. Today, the rumors stopped as the CRO loudly declared it is being bought out for $8.5bn by EQT and Goldman Sachs Asset Management.  The deal gives Pamplona a healthy return on the...
Blackstone acquires ESG specialist Sphera for $1.4bn

Blackstone acquires ESG specialist Sphera for $1.4bn

Global investment management house Blackstone has acquired a leading provider of environmental, social and governance (ESG) software, data, and consulting services, from Genstar Capital. The deal values the acquired business, Sphera, at $1.4bn. With its head office...
Private Equity Fundraising Surged to $459bn in First Half

Private Equity Fundraising Surged to $459bn in First Half

Private-equity fundraising is surging as the U.S. economic recovery takes root, with the industry on pace to challenge its best year ever for gathering capital. Private-equity funds world-wide, including venture capital vehicles, closed on $459 billion this year...