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M&A Deal Summary

Pamplona Capital Management - Private Equity Acquires Parexel

On June 20, 2017, private equity firm Pamplona Capital Management - Private Equity acquired life science company Parexel for 5.0B USD

Acquisition Highlights
  • This is Pamplona Capital Management - Private Equity’s 2nd transaction in the Life Science sector.
  • This is Pamplona Capital Management - Private Equity’s 2nd largest (disclosed) transaction.
  • This is Pamplona Capital Management - Private Equity’s 16th transaction in the United States.
  • This is Pamplona Capital Management - Private Equity’s 1st transaction in North Carolina.
Investment Fate
  • Parexel was sold to a consortium of financial buyers in 2021 for 8.5B USD.

M&A Deal Summary
Date 2017-06-20
Target Parexel
Sector Life Science
Buyer(s) Pamplona Capital Management - Private Equity
Deal Type Going Private
Deal Value 5.0B USD
Advisor(s) Goldman Sachs (Financial)
Goodwin Procter (Legal)

Target

Parexel

Durham, North Carolina, United States
Parexel is a global provider of clinical research and consulting services to the pharma and biotech industry. Parexel’s services enable the development of innovative new medicines that improve the health of patients across the world. Parexel was founded in 1983 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.

DEAL STATS #
Overall 32 of 41
Sector (Life Science) 2 of 2
Type (Going Private) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 16 of 21
Year (2017) 2 of 3
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 Beacon Rail Leasing

Rotterdam, Netherlands

Beacon Rail Leasing Ltd. is a locomotive and rolling stock leasing company. Headquartered in Luxembourg with additional offices in London and Boston, Beacon Rail’s current portfolio includes 225 locomotives, over 1000 freight wagons, 55 passenger train units, 67 double decker coaches and 13 sets of five-car intercity carriages on lease in the UK, Germany, Denmark, France, Belgium, Norway, Sweden, Austria, and the Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Bakemark

Pico Rivera, California, United States

Bakemark is a specialty distribution platform serving as a critical link between bakery ingredients manufacturers and national and local bakeries. BakeMark is a vertically integrated supply chain partner and specialty distributor to 19,000+ customers across all major bakery channels, providing a broad portfolio of 7,000+ active SKUs and value-added services. Bakemark was founded in 1909 and is based in Pico Rivera, California.

Buy -
Mergr

Product

Company

Legal