financetom
Business
financetom
/
Business
/
Avantor to Sell Clinical Services Business to Audax Private Equity
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Avantor to Sell Clinical Services Business to Audax Private Equity
Aug 16, 2024 5:18 AM

07:59 AM EDT, 08/16/2024 (MT Newswires) -- Avantor ( AVTR ) said Friday it agreed to sell its clinical services business to Audax Private Equity for around $650 million.

The deal, anticipated to close in Q4, will likely yield around $475 million in after-tax proceeds, which Avantor ( AVTR ) said it plans to use for debt reduction.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Acore Capital Says Delphi Financial Group Has Agreed To Acquire A Majority Stake In The Firm
BRIEF-Acore Capital Says Delphi Financial Group Has Agreed To Acquire A Majority Stake In The Firm
Nov 11, 2025
Nov 11 (Reuters) - Tokio Marine Holdings Inc ( TKOMF ): * ACORE CAPITAL, ONE OF THE LEADING U.S. COMMERCIAL REAL ESTATE INVESTMENT MANAGERS, TODAY ANNOUNCED TOKIO MARINE HOLDINGS, INC.'S (TM) WHOLLY-OWNED SUBSIDIARY, DELPHI FINANCIAL GROUP, INC., HAS AGREED TO ACQUIRE A MAJORITY STAKE IN THE FIRM * ACORE CAPITAL: THERE WILL BE NO CHANGES TO ACORE CAPITAL'S INVESTMENT MANAGEMENT...
Oil Extends Gains for Third Session but Stays Rangebound on Supply-Demand Tug of War
Oil Extends Gains for Third Session but Stays Rangebound on Supply-Demand Tug of War
Nov 11, 2025
08:37 AM EST, 11/11/2025 (MT Newswires) -- Oil prices rose for a third straight session early Tuesday but remained tightly rangebound, with rising supply offset by strong demand for refined products. West Texas Intermediate crude oil for December delivery was last seen up US$0.32 to US$60.46 per barrel, while January Brent oil was up US$0.39 to US$64.45. The rise follows...
BASF targets Frankfurt exchange for agricultural business listing
BASF targets Frankfurt exchange for agricultural business listing
Nov 11, 2025
BERLIN, Nov 11 (Reuters) - German chemicals giant BASF said on Tuesday that it was targeting the Frankfurt Stock Exchange as the listing location for its Agriculture Solutions business. BASF, which also presented a new management board for the business led by Livio Tedeschi, said the decisions mark key steps towards its ongoing push for business to be ready for...
Brookfield's Clarios to Restart South Carolina Facility, Add Battery Recycling Capacity
Brookfield's Clarios to Restart South Carolina Facility, Add Battery Recycling Capacity
Nov 11, 2025
08:39 AM EST, 11/11/2025 (MT Newswires) -- Brookfield Business Partners' (BBU-UN.TO, BBUC.TO) Clarios said Tuesday that it plans to fast-track the restart of the currently idled infrastructure at its facility in Florence, South Carolina, to quickly expand battery recycling capacity and add critical mineral processing capability. Clarios is also in the site selection and engineering phase for a planned Greenfield...
Copyright 2023-2026 - www.financetom.com All Rights Reserved