Wilmingtonbiz logo
Print
Health Care

Reuters Reports Another Potential Deal For PPD’s Ownership

By Staff Reports, posted Mar 29, 2017
A view last year from the Cape Fear River of PPD's Wilmington headquarters. (Photo by Cece Nunn)
Reuters is reporting that PPD’s owners are negotiating to sell minority stakes in the Wilmington-based contract research organization.
 
Citing unnamed sources familiar with the situation, the news service posted Tuesday that Carlyle Group LP and Hellman & Friedman LLC, which own 60 percent and 40 percent of the company respectively, are in “advance talks” in a deal that would value PPD at more than $9 billion including debt.
 
GIC of Singapore and Abu Dhabi Investment Authority, both sovereign wealth funds, are among the investors in the talks, according to the report.
 
It said PPD also considered an offer to buy the entire company by private equity firm Pamplona Capital Management LP but that did not value the company as highly.
 
Laboratory Corporation of America Holdings (LabCorp) of Burlington also was pointed to  last month as looking into an acquisition deal.

Founded by Fred Eshelman in 1985, PPD was sold to Carlyle Group and Hellman & Friedman in 2011 for $3.9 billion.
 
In regards to the potential ownership changes, PPD officials have said they do not comment on speculation in the marketplace.

Join The Discussion

Similar Stories

Ico insights

INSIGHTS

SPONSORS' CONTENT
Yasminheadshotwithlogo

One-On-One Education Makes A Difference

Yasmin Tomkinson - Cape Fear Literacy Council
Lgoriginalheadshot 311794626

Non-Broccoli Health Ponderings

Laura Greenhow - Summerfield Custom Wellness
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Bringing First-Class Mobile Apps To Small Communities

Diane Durance - UNCW Center for Innovation and Entrepreneurship

Book On Business

Bob2017

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

Lenders Note Rise In Investment Properties

It’s not news that the Wilmington area is seeing a strong demand for home mortgages. What may come as a surprise, though, is the increasing number of potential buyers who are seeking mortgage loans to support real estate investments.

Clubs Used To Float Someone Else’s Boat

Many boaters say the second happiest day of their life was when they bought a boat. The happiest day? When they sold it. That common lament ...

Marinas Respond To High Demand

For boat owners in the Wilmington area, it can sometimes be hard to find marina space, in wet slips or dry stacks. The demand for boat slips...

Ico topnews Editor's Picks

Paris Air Show Nets Billions In Sales For GE Aviation

Christina Haley O'Neal - About 3 hours ago

Firm Wins Bid To Buy 17th And 18th Street Lots From ABC Board

Cece Nunn - About 7 hours ago

Mojotone Could Be In New Building By September

Christina Haley O'Neal - Jun 21, 2017 Trending News

Brunswick County Realtors Report Busy May For Home Sales

Cece Nunn - Jun 21, 2017
Wealth Management

Pathfinder Wealth Consulting

Business owners helping business owners plan, achieve and protect their family wealth. We offer unbiased comprehensive financial planning, risk management unique to family owned businesses, retirement ...more

Ico trending Trending News

County Planning Director Retiring, Heading For Job In Colorado

Cece Nunn - Jun 20, 2017

Green Line Pizza & Steak's New Location Opening Soon

Allison Ballard - Jun 21, 2017

Mojotone Could Be In New Building By September

Christina Haley O'Neal - Jun 21, 2017

New Grant Program Aims To Spur Downtown Investment

Christina Haley O'Neal - Jun 19, 2017

Local Nonprofit Group Holds Community Forum On GenX

Christina Haley O'Neal - Jun 20, 2017

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Wilmington's Most Intriguing People of 2016
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad