Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
Quintiles Transnational Holdings Inc. (“Quintiles” or the “Company”) (NYSE: Q) completed an initial public offering of 27,236,841 shares of common stock at a price of $40.00 per share, generating gross proceeds of approximately $1.1 billion. The Company intends to use the net proceeds from the offering to reduce its existing debt obligation and for general corporate purposes.Quintiles is the world’s largest provider of biopharmaceutical development services and commercial outsourcing services. The Company is positioned at the intersection of business services and healthcare and has operations in approximately 100 countries and has more than 27,000 employees. Quintiles uses the breadth and depth of its service offerings, its global footprint and its extensive therapeutic, scientific and analytics expertise to help the Company’s biopharmaceutical customers, as well as other healthcare companies, navigate the increasingly complex healthcare environment to improve efficiency and to deliver better healthcare outcomes. Quintiles is headquartered in Durham, North Carolina.
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- Date
- May 2013
- Company
- Quintiles Transnational Holdings Inc.
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
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