Stay updated with breaking news from Ashton poole. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Private equity firm QHP Capital building an empire on legacy of Quintiles founder Dennis Gillings wraltechwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wraltechwire.com Daily Mail and Mail on Sunday newspapers.
RALEIGH – With the global pandemic driving 7% annual growth in life science service companies, Raleigh-based NovaQuest Private Equity is getting in on the action. And it had help from Goldman Sachs in making a new deal. Goldman Sachs Specialty Lending Group provided the debt financing NovaQuest needed to make the deal in which CoreRX becomes part of the NovaQuest portfolio. The deal was announced early Tuesday. However, financial terms were not disclosed. CoreX is a global contract development and manufacturing organization in Clearwater, Fla. It offers preformulation, formulation, analytical and stability, clinical manufacturing, commercial manufacturing, and packaging services. NovaQuest The deal comes as the market for life science firms such as several based in the Triangle is forecast to grow to more than $57 billion by 2025, according to a recent report. And that estimate was made before the full scale of the COVID-19 pandemic struck in 2019. ....