Parexel, a leading global clinical research organization focused on development and delivery of innovative new therapies to advance patient health, today announced the completion of its acquisition by EQT IX fund and funds managed by the Private Equity business within Goldman Sachs Asset Management from Pamplona Capital Management for $8.5bn.
Jamie Macdonald will continue to serve as CEO of Parexel, supported by the current executive team and the company’s newly-appointed Board of Directors, which brings a breadth of experience across life sciences, digital transformation and innovation.
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“We’re pleased to complete the transaction and to mark the beginning of the next chapter for Parexel’s success,” said Jamie Macdonald, CEO of Parexel. “We look forward to partnering with our new investors — EQT and Goldman Sachs — and our new Board of Directors to further strengthen our capabilities in the key areas of most significant need for our customers. The Parexel leadership team and our more than 18,000 colleagues around the world remain united in our Patients-First focus and mission of advancing world health, and we’re excited about this next phase of the journey.”
“I look forward to partnering with the Parexel leadership team and with Jamie, whom I have known for many years, as we accelerate Parexel’s growth, building on its distinguished track record of clinical excellence,” said Sheri McCoy, Chairperson of Parexel’s Board of Directors. “Parexel is a purpose-driven company that advances science and improves patient health across the world through the delivery of best-in-class clinical research and related services. EQT, Goldman Sachs and our Board are all focused on supporting Parexel in achieving this mission,” continued Ms. McCoy, who has partnered successfully with EQT on several prior investments and has a longstanding relationship with Goldman Sachs.
Source: Global Newswire
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