RESEARCH TRIANGLE PARK, N.C., Jan. 24 /PRNewswire/ -- Quintiles
Transnational Corp. today announced the completion of its previously
announced new investor partnership to support the company's continued
growth under the leadership of founder and current Chairman and CEO Dennis
Gillings, CBE, and the management team. Gillings and global private
investment firms Bain Capital and TPG Capital have become the lead
investors in Quintiles, with 3i also becoming a significant investor.
Temasek Holdings remains an investor in Quintiles. As part of the
transaction, One Equity Partners, the private equity arm of JPMorgan Chase
(NYSE: JPM), has sold its stake in the company to the new investor
partnership. Terms of the transaction were not disclosed. The company
incurred no new debt as a result of the deal.
About Quintiles Transnational
Quintiles Transnational Corp. is powering the next generation of
healthcare by providing a broad range of professional services in drug
development, financial partnering and commercialization for the
pharmaceutical, biotechnology and healthcare industries. With about 20,000
employees and offices in more than 50 countries, it is focused on providing
customer-centric solutions that are the gold standard of the industry. For
more information, please visit the company's web site at
http://www.qtrn.com.
About Bain Capital
Bain Capital (http://www.baincapital.com) is a global private
investment firm that manages several pools of capital including private
equity, venture capital, public equity and leveraged debt assets with more
than $65 billion in assets under management. Since its inception in 1984,
Bain Capital has made private equity investments and add-on acquisitions in
over 250 companies around the world, and has a team of almost 300
professionals dedicated to investing in and supporting its portfolio
companies. Bain Capital has a long history of investing in healthcare, with
investments in more than 50 companies including HCA, Warner Chilcott, CRC
Health Group, Stericycle, M|C Communications, Wesley Jessen, and Physio
Control. Headquartered in Boston, Bain Capital has offices in New York,
London, Hong Kong, Shanghai, Tokyo and Munich.
About TPG Capital
TPG Capital is the global buyout group of TPG, a leading private
investment firm founded in 1992, with more than $35 billion of assets under
management and offices in San Francisco, London, Hong Kong, New York,
Minneapolis, Fort Worth, Melbourne, Menlo Park, Moscow, Mumbai, Beijing,
Shanghai, Singapore and Tokyo. TPG Capital has extensive experience with
global public and private investments executed through leveraged buyouts,
recapitalizations, spinouts, joint ventures and restructurings. Please
visit http://www.tpg.com.
About 3i
Established in 1945, 3i is an international leader in private equity
and venture capital with assets of $16 billion. 3i invests across Europe,
North America and Asia. Our competitive advantage comes from our
international network with more than 250 investment professionals in 14
countries, unrivaled sector depth and an extensive portfolio of
approximately 750 companies. These underpin the value that we deliver to
our portfolio and to our shareholders. Please visit http://www.3i.com.
About Temasek Holdings
Incorporated in 1974, Temasek Holdings is an Asia investment firm
headquartered in Singapore. Temasek has a multinational staff of 300
people. Supported by affiliates and offices around Asia, it manages a
diversified S$164 billion (US$108 billion) portfolio, focused primarily in
Asia. Temasek is a shareholder and investor in diverse sectors such as
banking & financial services, real estate, transportation & logistics,
infrastructure, telecommunications & media, bioscience & healthcare,
education, consumer & lifestyle, engineering & technology, as well as
energy & resources.
SOURCE Quintiles Transnational Corp.
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Related links:
http://www.qtrn.com
http://www.baincapital.com http://www.tpg.com
http://www.3i.com
CONTACT:
Pat Grebe, Media Relations,
media.info@quintiles.com, +1-919-998-2091, or Greg Connors,
Investor Relations, invest@quintiles.com, +1-919-998-2000, both
of Quintiles Transnational Corp.; or Investor Partner Media
Inquiries: Bain Capital, Alex Stanton of Stanton Crenshaw
Communications, +1-212-780-0701, alex@stantoncrenshaw.com; or
TPG, Owen Blicksilver of Owen Blicksilver PR, Inc.,
+1-516-742-5950, owen@blicksilverpr.com; or 3i, Dawn Lesh,
+1-212-848-1420, dawn.lesh@3i.com
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