Pharma BD Deal Intelligence

Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital)

2013 · Take-Private · $1.3B · Complete

CALLED IT — OFF BY 24
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The coverage arc

Jun 24, 2013 PRA International / KKR announcement (via Fierce Biotech) Bullish

KKR's Jim Momtazee: 'PRA is a well-positioned global CRO platform led by a talented management team with a long track record of success. As one of the fastest…

Jun 28, 2013 PMLiVE Bullish

Frames the deal as a positive step for PRA's growth trajectory and notes it marks KKR's second major healthcare acquisition within 12 months, citing PRA as 'a…

Sep 24, 2013 BusinessWire (PRA/RPS) Bullish

KKR-backed PRA closed its merger with ReSearch Pharmaceutical Services within 90 days of the buyout, creating the fourth-largest CRO and pairing PRA's…

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KKR acquired PRA International from Genstar Capital for ~$1.3B; later paired with ReSearch Pharmaceutical Services to create larger CRO platform that IPO'd in 2014.

Did it work? Outcome assessment

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Achieved Stated Rationale
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Key facts

Related deals — scored

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