Josef Von Rickenbach

Parexel has entered an agreement to be acquired by Pamplona Capital Management. (Image: iStock/pichet_w)

Parexel to be acquired by PE in $5bn deal

By Melissa Fassbender

Parexel International Corporation has signed a definite agreement to be acquired by the private equity firm Pamplona Capital Management, LLP.

Parexel to lay off 850 amid restructuring

Parexel to lay off 850 amid restructuring

By Zachary Brennan

Massachusetts-based CRO Parexel is eliminating 850 positions, which it expects will cost the company $30m to $40m in employee separation benefits.

Parexel Taps $100M for M&A, Debt Reduction

Parexel Taps $100M for M&A, Debt Reduction

Parexel has received $100m from the sale of notes with a group of institutional investors as part of plans to finance new acquisitions and pay down outstanding debt. 

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