=PAREXEL (PRXL) to be acquired by Pamplona Capital Management for $88.10/share or approx. $5.0 billion

• Parexel (Nasdaq: PRXL) said it would be acquired by Pamplona Capital Management LLP, which has offices in Boston, New York and London.
• Parexel has been implementing a major restructuring plan in an effort to cut costs and streamline its operations. The company quietly disclosed in a May 4 federal filing that it would terminate more than 1,000 positions globally.
• Parexel currently has around 19,600 employees globally.
• Pamplona Capital Management LLP was founded in 2004 and is based in London.
• Dr. Alexander Mark Knaster, also known as Alex, Ph.D., was born in Moscow in 1959.  He founded Pamplona and serves as its Chairman and CEO. 
• www.pamplonafunds.com
• Update Jul 2, 2021: Parexel acquired by the Swedish investment firm EQT Private Equity and Goldman Sachs Asset Management for $8.5 billion.

  

PAREXEL confirms agreement to be acquired by Pamplona Capital Management for $88.10/share in cash, or approximately $5 bln:

"Today's announcement is the culmination of a comprehensive review of the opportunities available to the Company, including interest solicited and received from multiple parties with the assistance of independent financial and legal advisors. Having considered these opportunities, the PAREXEL Board of Directors unanimously determined that this all-cash transaction and the significant, certain value it provides is in the best interest of PAREXEL shareholders, as well as our company," said Josef von Rickenbach, Chairman and Chief Executive Officer of PAREXEL.

• The transaction is expected to close early in the fourth quarter of 2017, subject to the approval of a majority of PAREXEL shareholders and the satisfaction of other customary closing conditions.