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Published: Jul 06, 2021 By Vanessa Doctor, RN Peter Macdiarmid/Getty Images Global clinical research organization PAREXEL International has agreed to be taken over from Pamplona Capital Management for $8.5 billion. Upon completion of the merger, Parexel will be owned by EQT IX Fund and the private equity business within Goldman Sachs Asset Management. Parexel is dually headquartered in Newton and Durham, North Carolina and specializes in developing new innovations in medicine to improve patient health. It engages in decentralized clinical trials, regulatory consultations, and leveraging insights from data. The definitive agreement is still subject to compliance conditions and other customary factors. The merger with EQT, a global purpose-driven investment firm, adds to Parexel s pharmacological research capabilities. EQT has over € 67 billion (approx.. $79.2 billion) in assets under management spread out across 26 active funds. Its h ....
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