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.
Ico insights


Lr 7992 pp 911712351

Dignity Offers New Final Family Resting Places

Patrick Kelly - Dignity Memorial

Using a Supplemental Needs Trust for the Benefit of a Disabled Person

Kara Gansmann - Cranfill Sumner & Hartzog LLP
Rob20beale2 311791810

Preconstruction: A Plan for Success

Rob Beale - W.M. Jordan Company

Trending News

Developer Again Seeks Military Cutoff Rezoning With 'less-intensive' Plan For The Avenue

Cece Nunn - Mar 16, 2018

N.C. Ports Recovers From Hanjin Bankruptcy, Gets Fitch Upgrade

Christina Haley O'Neal - Mar 16, 2018

In The Current Issue

MADE Winners - Arts Category

Intracoastal Iron & Metalwork LLC, Second Set Designs LLC/Tachits and TAY HAM are the winners in the MADE Arts Category....

Consistency Is Jimbo’s Key Ingredient

Jimbo’s – a play on Jim Boss – opened in 1977 and catered to a breakfast-and-lunch clientele as well as diners who wanted good food late at...

Local Craft Brewery Events Draw Visitors

It’s no secret now that craft beer is big business. And as the number of local breweries continues to grow, they’re impacting the area econo...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes