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Avista Capital To Acquire INC Research

Avista Capital Partners and Ontario Teachers’ Pension Plan, through its private investor department, Teachers’ Private Capital, have signed an agreement to acquire INC Research, Inc. for a reported $600 million.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Avista Capital Partners and Ontario Teachers’ Pension Plan, through its private investor department, Teachers’ Private Capital, have signed an agreement to acquire INC Research, Inc. for a reported $600 million. INC Research is a privately-held, global CRO with expertise in managing late stage clinical development programs. INC employs 2,000 people in 40 countries worldwide. The transaction is expected to close in 4Q10, subject to customary closing conditions and regulatory approvals.

David Burgstahler, partner and president of Avista Capital Partners, said, “Avista and our partners at Teachers’ Private Capital are delighted to add INC Research to our respective healthcare portfolios. INC Research has an excellent reputation amongst its premier customer base for quality service and therapeutic expertise, and is well positioned to continue to expand its global footprint and capabilities as a leading contract research organization. We look forward to partnering with the existing management team to support INC Research’s next phase of accelerated growth.”

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