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Novotech snapped up by US private equity
Posted 25 August 2017
Novotech, Australia's largest independent clinical research organisation (CRO), has been acquired by US private equity company TPG Capital for a reputed $300 million.
TPG announced it had "signed a binding agreement to acquire Novotech from Mercury Capital and Novotech founder, Alek Safarian" in a move it said would help it "achieve its growth ambitions".
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Posted 25 August 2017
Novotech, Australia's largest independent clinical research organisation (CRO), has been acquired by US private equity company TPG Capital for a reputed $300 million.
TPG announced it had "signed a binding agreement to acquire Novotech from Mercury Capital and Novotech founder, Alek Safarian" in a move it said would help it "achieve its growth ambitions".
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