Parexel to be Acquired by EQT Private Equity and Goldman Sachs Asset Management

BOSTON and DURHAM, N.C., July 02, 2021 (GLOBE NEWSWIRE) — Parexel, a leading global clinical research organization (CRO) focused on development and delivery of innovative new therapies to advance patient health, today announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund (“EQT Private Equity”) and the Private Equity business within Goldman Sachs Asset Management (“Goldman Sachs”) from Pamplona Capital Management LP for $8.5 billion.

“Over the past 18 months Parexel has continued its strong growth trajectory delivering on its patients-first focus and accelerating new therapies to patients in need around the world,” said Parexel CEO Jamie Macdonald. “With the market for outsourced clinical research services anticipated to grow at a conservative CAGR of 8 to 9 percent, our focus remains on advancing and innovating Parexel to meet our customers’ needs across the evolving clinical development landscape. EQT and Goldman Sachs support this vision and are committed to investing in Parexel and our people to capitalize on this exciting market opportunity and make a difference for patients.”

Eric Liu, Partner and Global Co-Head of Healthcare at EQT, commented, “We have followed Parexel closely during the past few years and have been impressed by the company’s development and trajectory. Our investment in Parexel reflects EQT’s thematic focus on the life sciences industry, as well as our commitment to partner with businesses that have a positive impact on society. We are excited to partner with Goldman Sachs for the next stage of Parexel’s journey, and to back Jamie, who prior to his role at Parexel had been a long-time senior advisor to EQT, as well as the rest of the Parexel team.”

Jo Natauri, Partner and Global Head of Private Healthcare Investing within Goldman Sachs Asset Management, commented, “We are thrilled to partner with Jamie Macdonald, the entire Parexel management team and EQT to support Parexel, which has a distinguished track record of delivering clinical excellence to their large pharma and biotech customers globally. We believe this investment will accelerate Parexel’s growth as it builds on the company’s global footprint, strong operational capabilities and expansive healthcare network.”

John Halsted, Managing Partner, Pamplona Capital Management, commented, “We’re very proud of Parexel’s progress over the past four years and the important work they do in helping bring exciting new therapies to patients in need. In particular, they successfully adapted the business to work in the midst of a global pandemic, and supported the development of therapies to combat the COVID-19 pandemic itself. We wish them every success in their next phase of growth.”

“We have enjoyed our partnership with Pamplona, and thank them for their leadership and support in helping to transform Parexel under their ownership,” concluded Mr. Macdonald. “Over the past months, our ability to pivot and adapt have fostered new ways of working while developing a strong track record of quality and delivery for customers around the world. As we continue in this new era of clinical development and focus aggressively on meeting our customers’ needs for innovation in such areas as Real World Evidence, Decentralized Clinical Trials, Biostatistics and Data Management — and in key regions such as Asia/Pacific where we’re among the largest and longest-tenured CROs — we’re excited to be partnering with EQT and Goldman Sachs. We look forward to benefitting from their strong industry experience and to further accelerating Parexel as one of the world’s leading and fastest-growing CROs.”

The transaction is subject to customary conditions, including receipt of applicable regulatory approvals. Evercore acted as the financial advisor to Parexel, and Kirkland & Ellis LLP provided legal counsel in connection with the transaction. Goldman Sachs and Jefferies LLC acted as financial advisors to EQT Private Equity and Goldman Sachs Asset Management, and Simpson Thacher & Bartlett LLP provided legal counsel in connection with the transaction.

About Parexel
Parexel supports the development of innovative new medicines to improve the health of patients. We provide services to help life sciences and biopharmaceutical clients everywhere transform scientific discoveries into new treatments. From decentralized clinical trials to regulatory consulting services to leveraging real world insights, our therapeutic, technical, and functional ability is underpinned by a deep conviction in what we do. Parexel was named “Best Contract Research Organization” in December 2020 by an independent panel for Informa Pharma Intelligence. For more information, visit parexel.com and follow us on LinkedInTwitter, and Instagram.

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. For more information, visit www.eqtgroup.com or follow EQT on LinkedInTwitterYouTube and Instagram.

About Goldman Sachs Asset Management Private Equity
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1986, the Private Equity business within Goldman Sachs Asset Management has invested over $75 billion since inception. We combine our global network of relationships, our unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across our portfolios. Follow us on LinkedIn.

About Pamplona Capital Management
Pamplona Capital Management is a specialist investment manager established in 2005 that provides an alternative investment platform across private equity and other diversified strategies. With offices in New York, London, Madrid, and Malta, Pamplona manages over $11 billion in assets for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices, and funds of hedge funds. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations.

CONTACTS

For Parexel:
Lori Dorer
Senior Vice President, Corporate Communications
+1 513 496 8121

Lindsay LeCain
Real Chemistry
+ 1 508 259 9521

For EQT:
Daniel Yunger, Kekst CNC, + 1 917 574 8582
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

For Goldman Sachs:
Leslie Shribman
+1 212 902 5400

For Pamplona Capital Management:
Ed Orlebar, TB Cardew
ed.orlebar@tbcardew.com
+44 (0)7738724630

O International Action Centre emitiu a seguinte declaração: CABO VERDE CONFRONTA AS NAÇÕES UNIDAS

PRAIA, Cabo Verde, July 01, 2021 (GLOBE NEWSWIRE) — Numa decisão sobre medidas provisórias datada de 8 de junho, a Comissão dos Direitos Humanos das Nações Unidas insistiu que Cabo Verde “não extraditasse o Sr. Alex Saab para os Estados Unidos da América” e que “tomasse todas as medidas necessárias para garantir o acesso a cuidados de saúde adequados […] por médicos independentes e especializados escolhidos por ele”. Esta ordem judicial provisória é a primeira emitida em resposta à uma denúncia apresentada por Alex Saab perante a Comissão de Direitos Humanos das Nações Unidas.

Em entrevista no dia 29 de junho de 2021, o procurador-geral cabo-verdiano, José Luis Landim, faz um ataque frontal às Nações Unidas, alegando que não é da alçada da Comissão de Direitos Humanos da ONU impor a suspensão da extradição de Alex Saab de Cabo Verde para os Estados Unidos da América.

Esse posicionamento é alarmante e constitui um erro jurídico, estratégico e ético.

Em primeiro lugar, este posicionamento é completamente errado em termos legais. Gostaríamos de lembrar ao Sr. Landim que Cabo Verde optou por ratificar o Pacto Internacional sobre Direitos Civis e Políticos em 6 de agosto de 1993 e o Protocolo Opcional ao Pacto Internacional sobre Direitos Civis e Políticos em 19 de maio de 2000. Por conseguinte, deve cumprir as suas obrigações internacionais de boa fé e respeitar plenamente as decisões do organismo de peritos responsável pela interpretação do Pacto Internacional sobre Direitos Civis e Políticos, a Comissão dos Direitos Humanos. A alegação de que a Comissão não tem poderes para requerer a suspensão de uma extradição que possa expor alguém a riscos de danos irreparáveis e de violações do direito à vida e do direito à integridade física, é um erro jurídico imperdoável totalmente incompatível com o Estado de direito.

Em segundo lugar, tal posicionamento é um ataque frontal às Nações Unidas e aos direitos humanos, o cerne dos valores que a Organização defende. Tal posicionamento é uma mensagem clara ao mundo de que Cabo Verde pode exercer a sua soberania para violar os direitos humanos, ignorando as normas do direito internacional de direitos humanos às quais subscreveu, e ignorando as decisões internacionais. Ao adotar este posicionamento, Cabo Verde, além de desafiar o Tribunal de Justiça da CEDEAO, que determinou a libertação do detido arbitrariamente Alex Saab, depois de violar a imunidade diplomática de Alex Saab como Enviado Especial e Embaixador na União Africana, assume um posicionamento hostil em relação às Nações Unidas, indo contra a comunidade internacional.

Em terceiro lugar, tal posicionamento é um erro em termos de valores éticos fundamentais. Ao solicitar a suspensão da extradição de Alex Saab durante a avaliação dos méritos do caso, a Comissão dos Direitos Humanos incentivou Cabo Verde a demonstrar humanidade e bom senso, considerando que a extradição seria prejudicial à integridade física e à vida de Alex Saab. A Comissão não adotou uma posição política, e sim uma posição puramente humanitária.

Contato da MÍDIA:
Sara Flounders
International Action Center
Https://www.iacenter.org
E-mail: iacenter@iacenter.org
Tel.: +1 212-633-6646

L’International Action Centre publie le bilan suivant sur le sujet : LE CAP-VERT S’ATTAQUE AUX NATIONS UNIES

PRAIA, Cap-Vert, 01 juill. 2021 (GLOBE NEWSWIRE) — Dans une décision sur des mesures provisoires datée du 8 juin, le Comité des droits de l’Homme de l’ONU a demandé au Cap-Vert de « s’abstenir d’extrader M. Alex Saab vers les États-Unis d’Amérique » et de « prendre toutes les mesures nécessaires pour garantir l’accès aux soins de santé appropriés […] par des médecins indépendants et spécialisés de son choix ». Cette décision ordonnant des mesures provisoires est la première étape urgente résultant de l’enregistrement d’une plainte déposée par Alex Saab devant le Comité des droits de l’Homme de l’ONU.

Lors d’un entretien daté du 29 juin 2021, le procureur général du Cap-Vert, M. Jose Luis Landim, lance une attaque frontale contre les Nations unies, affirmant que le Comité des droits de l’Homme des Nations unies n’a pas compétence pour imposer la suspension de l’extradition d’Alex Saab du Cap-Vert vers les États-Unis d’Amérique.

Une telle position est alarmante et constitue une erreur juridique, stratégique et éthique.

Premièrement, cette position est tout à fait erronée sur le plan juridique. Nous voudrions rappeler à M. Landim que le Cap-Vert a choisi de ratifier le Pacte international relatif aux droits civils et politiques depuis le 6 août 1993 et le Protocole facultatif se rapportant au Pacte international relatif aux droits civils et politiques depuis le 19 mai 2000. Il doit donc s’acquitter de ses obligations internationales de bonne foi et respecter pleinement les décisions du Comité des droits de l’Homme, organe d’experts chargé d’interpréter le Pacte international relatif aux droits civils et politiques. Dire que le Comité n’a pas compétence pour demander la suspension d’une extradition qui pourrait exposer quelqu’un à des risques de dommages irréparables et de violations du droit à la vie et du droit à l’intégrité physique est une erreur juridique impardonnable totalement incompatible avec l’État de droit.

Deuxièmement, une telle position constitue une attaque frontale contre l’ONU et les droits de l’Homme qui sont au cœur des valeurs que l’Organisation défend. Elle envoie un message clair au monde, à savoir que le Cap-Vert peut exercer sa souveraineté pour violer les droits de l’Homme tout en ignorant les normes de la loi internationale relative aux droits de l’Homme qu’il s’est engagé à respecter, et ce en ignorant aussi les décisions internationales. Ce faisant, le Cap-Vert, après s’être opposé à la Cour de Justice de la CEDEAO qui lui a ordonné de libérer Alex Saab, détenu arbitrairement, et après avoir violé l’immunité diplomatique d’Alex Saab en tant qu’envoyé spécial et ambassadeur auprès de l’Union africaine, décide d’adopter une position hostile à l’égard de l’ONU et se positionne à l’extérieur de la communauté internationale.

Troisièmement, une telle position est une erreur en termes de valeurs éthiques fondamentales. En demandant la suspension de l’extradition d’Alex Saab dans l’attente de l’examen quant au fond de l’affaire, le Comité des droits de l’Homme invitait le Cap-Vert à faire preuve d’humanité et de bon sens en considérant que l’extradition serait préjudiciable à l’intégrité physique et à la vie d’Alex Saab. Le Comité n’a pas pris une position politique, mais purement humanitaire.

Contact MÉDIAS :
Sara Flounders
International Action Center
Https://www.iacenter.org
E-mail : iacenter@iacenter.org
Tél. :+1 212-633-6646

Pro-democracy Protests Continue to Rock Eswatini

JOHANNESBURG – The South African government has urged calm and restraint in Eswatini, formerly known as Swaziland, which has been engulfed by pro-democracy protests this week amid growing reports of state violence against demonstrators.

Protesters are demanding democratic reforms and accuse King Mswati III, who has ruled the tiny mountain kingdom for more than 30 years as an absolute monarch, of repression.

Rights groups accuse the royal family, including the king’s 15 wives, of enjoying a lavish lifestyle while many of the country’s 1.1 million people live in poverty.

Mbabane, the capital, and Mazini, the largest city, have reportedly been the most affected by the protests, which have seen demonstrators barricading roads and setting fires, often at businesses owned or linked to the royal family.

Businesses, factories and trucks have also been reportedly burned in the industrial town of Matsapha.

The Eswatini government has imposed a nightly curfew from 6 p.m.-4 a.m. to try to quell the demonstrations.

Photographs and videos on social media show soldiers assaulting people believed to be protesters.

Activists have alleged that soldiers and police have killed more than 20 protesters since the protests began this week, but this has not been confirmed by police, government officials or health workers.

Acting prime minister Themba Masuku claimed that the legitimate protests had been “hijacked by criminal elements.”

In a statement on Thursday, South Africa’s department of international relations and cooperation said it noted “with great concern the ongoing political and security situation” in Eswatini.

“We are particularly concerned by reports of loss of life and destruction of properties. The right to peaceful protest is universally recognized,” said spokesperson Clayson Monyela.

He called on Eswatini’s security forces to “exercise total restraint and protect the lives and property of the people.”

The protesters are demanding reforms that include lifting bans on opposition political parties, which have been outlawed since 1973.

Sonke Dube, president of the Swaziland Youth Congress which is involved in the demonstrations, called on the United Nations, the 16-nation Southern Africa Development Community and the African Union to intervene.

“We urge you to call Mswati to order. Isolate him from the community of peace-loving nations. Impose sanctions on him and his immediate family and cronies until we have a people’s government in Swaziland,” Dube said in a statement.

South Africa’s ruling African National Congress, which has historical ties to Swaziland stretching from that country’s support for its liberation struggle, has criticized the government for violence against demonstrators.

“The use of security forces to quell political dissent and the failure to address legitimate civilian concerns complicates the conflict and adds fuel to the fire,” said ANC head of international relations Lindiwe Zulu.

The U.S. State Department on Thursday upgraded its travel alert for Eswatini to warn Americans against any travel to the country and announced it would allow non-essential America diplomats and their families to leave due to the deteriorating security situation there.

“Eswatini is experiencing dangerous civil unrest and protests across the country,” the department said, noting the imposition of a curfew, the closure of the international airport and communications disruptions.

A day earlier, the department had urged Eswatini authorities “to exercise restraint and also maintain the utmost respect for human rights.”

“As the situation continues to unfold, the United States urges all stakeholders in this situation to not only remain calm but also remain peaceful,” deputy spokeswoman Jalina Porter told reporters on Wednesday.

Source: Voice of America

Fighting Abates in Ethiopia’s Tigray; Getting Aid to Region Still a Challenge

The International Rescue Committee said Thursday that a bridge that provides one of the main supply routes into Ethiopia’s Tigray region has been destroyed.

“Tekeze Bridge — one of the main supply routes into Tigray, Ethiopia — has been destroyed,” the IRC said in a tweet. “This means aid efforts will be even more severely hampered amid the ongoing conflict. The IRC continues to call for unfettered humanitarian access to the region.”

A U.N. spokesperson said the organization was aware of the report about Tekeze Bridge, but did not have any firsthand information on its status.

“We’re trying to get our people in [to Tigray], we’re trying to get other agencies in to help the people,” U.N. spokesperson Eri Kaneko said in response to reporters’ questions. “And if the reports are confirmed of this bridge being severely damaged, that would be yet another setback to our efforts to help the people of the region.”

About 6 million people live in Ethiopia’s northern Tigray region. The United Nations says more than 5 million of them are in need of emergency food assistance. Another 350,000 are coping with faminelike conditions because of eight months of fighting.

On Tuesday, USAID official Sarah Charles told U.S. lawmakers that the number of people in faminelike conditions is closer to 1 million, and warned that without scaled-up aid deliveries, “we will likely see widespread famine in Ethiopia this year.”

Ethiopia suffered a devastating famine in the early 1980s that affected millions and killed more than a million people.

Tenuous calm

The U.N. spokesperson said the situation Thursday in Tigray “remains volatile and unpredictable,” just days after the Ethiopian federal government declared it was pausing its military operation there.

The spokesperson said major towns, including Mekelle, Adigrat, Adwa, Axum and Shire, were calm, but that there are unconfirmed reports of clashes in the southern and northwestern zones.

“Electricity and telecommunications are still cut off throughout the region,” said Kaneko, the U.N. spokesperson. “There are no flights or road transportation in or out of the region.” She said the U.N. and its partners are assessing access along main roads so they can resume aid deliveries.

But despite the continuing challenges, some limited assistance has gotten through.

On Wednesday, humanitarians were able to transport fuel for water pumps, firewood for cooking, and water to sites assisting displaced persons in the regional capital, Mekelle. Water was also distributed to the displaced in Shire, and medical services were provided in Samre town.

The Ethiopian government announced the unilateral cease-fire on state media late Monday, saying it would take effect immediately, after nearly eight months of conflict.

Analysts said the timing was likely because of a combination of successes by the rebels on the battlefield and Western pressure to halt the fighting to avoid a famine.

Since the Ethiopia National Defense Force withdrew from Mekelle, the city remains under the full control of the Tigray Defense Forces. The U.N. said that is also the case in Adigrat, Adwa, Axum and Shire.

But it is not certain the calm will hold.

Marina Ottaway, a political scientist with the Woodrow Wilson International Center for Scholars based in Washington, said this week she did not think the unilateral cease-fire would be the end of the fighting.

“I think the Ethiopians will try to maintain the cease-fire, but the Tigrayans are not interested at this point,” she said.

The U.N. Security Council is likely to discuss developments in Tigray on Friday afternoon after receiving a request from several council members.

“I’m pretty confident it will take place,” said France’s U.N. Ambassador Nicolas de Riviere, who took over the council presidency for July on Thursday.

He told reporters that the council would receive political and humanitarian briefings and he had encouraged the Ethiopian ambassador to address the meeting, which he expects to be public.

Fighting between the Ethiopian federal government and the Tigray People’s Liberation Front (TPLF) broke out in November, leaving thousands of civilians dead and forcing more than 2 million people from their homes. Troops from Eritrea, Ethiopia’s neighbor to the north, and Amhara, a neighboring region to the south of Tigray, also entered the conflict in support of the Ethiopian government. 

Source: Voice of America