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, [email protected], +46 8 506 55 334

For Goldman Sachs:
Leslie Shribman
+1 212 902 5400

For Pamplona Capital Management:
Ed Orlebar, TB Cardew
[email protected]
+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: [email protected]
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 : [email protected]
Tél. :+1 212-633-6646

Deputy Chief Justice Raymond Zondo acting as Chief Justice

The Office of the Chief Justice has announced that Deputy Chief Justice Raymond Zondo has assumed responsibilities as Acting Chief Justice with effect from yesterday.

The Office said on Friday that the acting capacity of Madam Justice S S V Khampepe as Acting Deputy Chief Justice ended on 30 June 2021.

President Cyril Ramaphosa appointed Madam Justice S S V Khampepe as Acting Deputy Chief Justice following the Chief Justice taking a long leave.

As the Chief Justice is still on long leave as made known on 06 May 2021, and by application of the relevant legislation namely section 4 (2) (b) of the Superior Courts Act, 2013, the Deputy Chief Justice will exercise the powers or perform the functions of the Chief Justice as the Acting Chief Justice.

“The work of the Judicial Commission of Inquiry into allegations of State Capture, Corruption and Fraud in the Public Sector including Organs of State, has now, despite the extension, reached a stage that the Deputy Chief Justice will be in a position to fulfil his responsibilities as Acting Chief Justice while attending to the finalisation of the Commission’s work,” the Office of the Chief Justice said in a statement.

In terms of Regulation 8 of the Judges Remuneration and Conditions of Employment Act, Judges leave is not cumulative and therefore had the Chief Justice not taken his leave it would have been forfeited as it has happened on previous occasions.

Source: South African Government News Agency

SAPS appoints provincial commissioners

The South African Police Service (SAPS) management has appointed two provincial commissioners, one for the Western Cape and the other one for Mpumalanga province with effect from 1 July 2021.

The appointment of these senior managers into these positions is part of the organization’s plans to enhance accountability and bring about stability within the respective provinces.

Thembisile Patekile has been appointed as the Western Cape Provincial Commissioner at the rank of Lieutenant General.

General Patekile has a Bachelors Degree in Policing as well as a LLB (Law) Degree which he attained at Technikon Pretoria in 2002 and University of Fort Hare in 2012, respectively.

He also brings with him a wealth of experience having served in the South African Police Service at various levels and in various areas for nearly 36 years.

General Patekile began his career in 1985 as a Constable in Uitenhage and steadily grew in the ranks to serving as a Deputy Provincial Commissioner in the Western Cape and Eastern Cape and lately as the Acting Provincial Commissioner of the Western Cape up to his latest appointment.

Semakaleng Daphney Manamela has been appointed as Mpumalanga Provincial Commissioner at the level of Lieutenant General.

General Manamela holds an Honours degree in Public Administration and she is currently finalising her Masters degree in the same field.

She also holds a degree in Human and Social Studies specialising in Policy Studies as well as a degree in Public Administration which she attained between 2010 and 2016 at the University of South Africa (UNISA).

She too brings with her a wealth of experience having served in the SAPS for over 26 years at various levels in Gauteng and Mpumalanga.

General Manamela began her career in the SAPS as a Constable in Kempton Park in Gauteng in 1995 and steadily grew in the ranks to Major General as Deputy Provincial Commissioner (DPC) Operations from 2012 to 2016, thereafter DPC Management Intervention followed by Acting DPC Corporate Support until her appointment as the Provincial Commissioner of Mpumalanga.

The National Commissioner has wished both provincial Commissioners well in their new roles.

“Both Provincial Commissioners are aware that the road they are to travel is a long and hard one,” General Sitole said.

“I am confident that they have what it takes to decisively address crime in their respective provinces,” he said.

Source: South African Government News Agency

SASSA remains open under Adjusted Alert Level 4

Under Adjusted Alert level 4, the South African Social Security Agency (SASSA) will remain open and operate with a reduced staff complement as per the Department of Public Service and Administration circular.

“Applications for social grants at all local offices will be staggered according to grant type, for instance Mondays will be for older persons, Tuesdays for disability grants, Wednesdays and Thursdays for child grant applications, and Fridays for appointments and spill over from the week,” Minister of Social Development, Lindiwe Zulu, said on Friday.

She was addressing members of the media in Pretoria on her department’s response to COVID-19 and on the Level 4 Risk Adjusted Strategy as announced by the President.

Some of the changes that were made by the Department of Social Development during its response to COVID-19 has enabled the department to fast-track digitisation of its services.

These include the online booking system for disability grants, which has significantly cut down on the amount of time and costs for both SASSA and grants applicants.

“We take great pride with the significant progress we have registered since the launch of the online booking system in April this year. We therefore would like to encourage disability grant applicants to make use of the SASSA online booking system, which can be accessed through the agency’s website on www.sassa.gov.za.

“This will allow applicants to book assessment dates for the disability assessments. Our staff at SASSA offices can also assist clients with this system to ensure that they avoid repeated visits to local offices,” the Minister said.

SASSA will continue with the staggered payments of grants, with the first payment date reserved for older persons, followed by disability grants and the payment of all child grants.

“This month, payments of social grants will start on Tuesday 6 July. Once again, we appeal to all grant recipients that they do not need to collect their grants on the day it becomes available, but can collect their grants on any day as their monies will remain in their accounts and will not be taken away from them,” Zulu said.

Community Nutrition and Development Centres

The department’s 250 Community Nutrition and Development Centres (CNDCs) across the country will remain open to provide the much-needed relief, but this will be under strict COVID-19 regulations compliance and will be limited to take-away meals only.

“We have also adapted our operations to new and innovative ways that include knock-and-drop approach of cooked meals to minimise the health risks of those aged 60+.

“Our CNDCs assist with food storage and distribution to poor households, and are also part of community driven Food and Nutrition Security Programmes, which increase access to food security to vulnerable and disadvantaged communities, especially at this time of need,” the Minister said.

All CNDCs have amended their operations to ensure precautions that prioritise the health and safety of recipients and staff who are at the frontline.

“It is important to stress that these measures are no substitute to other COVID-19 protocols as beneficiaries have equal responsibility by continuing to follow the guidelines which, include; the – regular sanitising and washing of hands, wearing of a mask that covers both mouth and face, and maintaining a distance from others at all times. On a related matter, we will continue utilising a hybrid model of providing food parcels, such as cash, food parcels and vouchers throughout the nine provinces and through SASSA’s Social Relief of Distress (SRD) programme for eligible households in distress,” Zulu said.

Registration of NPOs

All in-person Non-profit Organisations (NPOs) services have been suspended.

For NPO registrations and submission of annual reports, citizens are encouraged to use the department’s online platform: www.npo.gov.za

“We reiterate our call for NPOs to ensure that they remain compliant with the NPO Act to avoid being de-registered. We further would like to assure all NPO applicants that their temporary certificates will be issued to them via email whilst the original certificates will be provided at a later stage,” Zulu said.

Provincial departments are making progress with the transfer of funds to NPOs whose efforts are more important than ever during this pandemic.

“However, we are mindful that some provinces are experiencing delays attributed to system changes, delays in finalisation of Service Level Agreements and human resource shortages, amongst others.

“I have directed all provincial departments to ensure that they move with greater speed in processing these subsidies. We take this opportunity to call upon the NPO sector to comply with all accountability requirements, including timely submission of progress reports as required by law,” the Minister said.

Early Childhood Development Centres (ECDs)

All ECDs remain open and in full operation in compliance with all COVID-19 protocols and guidelines as previously provided to the sector.

“Our Provincial Departments will also continue to pay full subsidy to ECD programmes. We are aware that we did not complete payment through the stimulus package to all qualifying applicants at the end of March 2021.

“To this end, all Provincial Departments have applied for the rollover of funds as per the budget process. Let me take this opportunity to assure all qualifying ECD services that they will definitely receive their payments,” the Minister said.

Source: South African Government News Agency