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Deal snapshot: PAMPLONA CAPITAL MANAGEMENT CLOSES USD 4BN ACQUISITION OF PARAXEL INTERNATIONAL.

MANews-(C)2009-2017

US and UK-based investment manager Pamplona Capital Management, LLP has completed its acquisition of US-based biopharmaceutical services provider Paraxel International Corp. (NASDAQ: PRXL), the firm said.

Pamplona acquired all outstanding shares of Paraxel for USD 88.10 per share in cash. The transaction was approved overwhelmingly by stockholders on September 15, with more than 98% of votes cast in favour. Paraxel stock stoped trading at the close of business on 29 September.

Country: USA

Sector: Pharmaceuticals

Target: Parexel International

Buyer: Pamplona Capital Management

Vendor:

Deal size in USD: 4.5bn

Type: Corporate Acquisition

Financing: Cash

Status: Closed

Buyer advisor: Perella Weinberg Partners , Ellis LLP ,

Comment:

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Publication:M & A Navigator
Date:Oct 2, 2017
Words:108
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