The week begins with news about a new acquisition
Goldman
Sachs Group’s investment arm and the Swedish private equity firm EQT AB
revealed they would buy Parexel International – a clinical research company –
from Pamplona Capital Management for $8.5 billion, including debt.
According to Bloomberg, Parexel drew interest from about ten
parties, including various private-equity firms and drug distributor AmerisourceBergen. The
company was founded in 1982, and it’s headed by Jamie Macdonald, a former
adviser to EQT. He will remain chief executive after the deal closes.
For Goldman Sachs, this is not the first investment in the
medical field. Its Asset Management oversees, among others, a manager of
optometry services it purchased in 2019 and Datavant – a health care
data-management company it invested in last month. The arm has roughly $2
trillion under management.
EQT oversees $79 billion in assets and focuses on real
estate, technology, infrastructure, and healthcare.
Source: thestreet.com
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