WALL STREET PAYDAY: 2 firms stand to make $45 million from a big pharma deal
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Parexel, a pharmaceutical research firm, announced on Tuesday that it would be acquired by Pamplona Capital Management, a private equity and advisory firm with $10 billion under management. Pamplona agreed to pay about $88 per share in cash for Parexel.
Perella Weinberg Partners worked as Pamplona's adviser on the deal. The financial advisory firm, which was founded in 2006, maintains offices in nine cities including New York and London, and has 600 employees.
The firm is set to make around $10 million to $15 million for its role in the deal, according to data from Freeman & Co.
Goldman Sachs, Parexel's adviser, should receive about $25 million to $30 million.
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