
TPG-owned clinical trials player raises new equity, debt

Novotech, an Asia-based clinical trials specialist controlled by TPG Capital, has secured USD 760m in new equity and debt financing at a post-deal valuation of approximately USD 3bn.
The company, which was said to be targeting a Hong Kong IPO, completed a USD 255m private placement with participation from global institutional investors, sovereign wealth funds, and specialist healthcare...
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