EQT and Goldman Near Deal to Buy Parexel

eqt goldman parexel near healthcare
Middle East
  • Date: 02-Jul-2021
  • Source: The Wall…
  • Sector: Economy
  • Country: Middle East
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EQT and Goldman Near Deal to Buy Parexel

EQT AB and Goldman Sachs Group Inc.’s investment arm are in advanced talks to buy contract-research organization Parexel International Corp. for nearly $9 billion including debt, according to people familiar with the matter, the latest healthcare deal for the private-equity firm.

Parexel runs clinical trials and provides other services for drugmakers and is owned by Pamplona Capital Management. A sale to EQT and Goldman could be completed this week, assuming talks don’t fall apart, the people said. The business, which is based in Massachusetts and North Carolina, had drawn interest from both private-equity and strategic bidders, they said.

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