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Quintiles Completes Previously Announced New Investor Partnership, Co-Led by Founder, Chairman and CEO Dennis Gillings, Bain Capital, TPG and 3i
Date:1/24/2008

RESEARCH TRIANGLE PARK, N.C., Jan. 24 /PRNewswire/ -- Quintiles Transnational Corp. today announced the completion of its previously announced new investor partnership to support the company's continued growth under the leadership of founder and current Chairman and CEO Dennis Gillings, CBE, and the management team. Gillings and global private investment firms Bain Capital and TPG Capital have become the lead investors in Quintiles, with 3i also becoming a significant investor. Temasek Holdings remains an investor in Quintiles. As part of the transaction, One Equity Partners, the private equity arm of JPMorgan Chase (NYSE: JPM), has sold its stake in the company to the new investor partnership. Terms of the transaction were not disclosed. The company incurred no new debt as a result of the deal.

About Quintiles Transnational

Quintiles Transnational Corp. is powering the next generation of healthcare by providing a broad range of professional services in drug development, financial partnering and commercialization for the pharmaceutical, biotechnology and healthcare industries. With about 20,000 employees and offices in more than 50 countries, it is focused on providing customer-centric solutions that are the gold standard of the industry. For more information, please visit the company's web site at http://www.qtrn.com.

About Bain Capital

Bain Capital (http://www.baincapital.com) is a global private investment firm that manages several pools of capital including private equity, venture capital, public equity and leveraged debt assets with more than $65 billion in assets under management. Since its inception in 1
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