Tuesday, August 24, 2010

INC Research To Be Acquired For $600 Million


INC Research, a Raleigh-based, privately-held, therapeutically-focused global CRO with expertise in managing late stage clinical development programs, recently announced that Avista Capital Partners, and Ontario Teachers' Pension Plan, have signed an agreement to acquire the company from its investor group led by Crosspoint Venture Partners and Adams Street Partners.

"This is an exciting time for INC Research, and we are thrilled to be partnering with Avista Capital Partners and Teachers' Private Capital as we embark on the next phase of the Company's development," said James Ogle, INC Research CEO . "Avista Capital Partners and Teachers' Private Capital are well-regarded investors in healthcare, and we look forward to benefitting from their extensive industry knowledge and experience. We feel confident that these investment partners will enhance the longstanding support our company has offered to help customers bring drugs to market and improve world health."
Jefferies & Company, Inc. acted as financial advisor to INC Research and DLA Piper, LLP served as legal counsel. Weil, Gotshal & Manges served as legal counsel for Avista Capital Partners.

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