Avantor to Sell Clinical Services Business to Audax Private Equity

MT Newswires Live08-16

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 said it plans to use for debt reduction.

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