Blackstone (NYSE:BX) announces that private equity funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire a majority stake in CMIC Co., Ltd. (“CMIC” or “the Company”), Japan’s leading contract research organization (CRO) that provides comprehensive end-to-end services across clinical trial phases and therapeutic areas. Blackstone will acquire a 60% stake while CMIC HOLDINGS Co., Ltd. (“CMIC HD”) will retain the remaining 40% stake in the Company. This investment underscores Blackstone’s commitment to investing in Japan’s healthcare services sector, where it has deep expertise and network.
Read the full article: Blackstone Announces Agreement to Acquire a Majority Stake in CMIC Co., Ltd., Japan’s Leading Contract Research Organization, Continuing Robust Deal Momentum in Japan //
Source: https://www.blackstone.com/news/press/blackstone-announces-agreement-to-acquire-a-majority-stake-in-cmic-co-ltd-japans-leading-contract-research-organization-continuing-robust-deal-momentum-in-japan/