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Quintiles Transnational Forms New Ownership Team with Current Investors Gillings, TPG and Temasek Joined by Bain Capital and 3i
Date:12/21/2007

and biotech transform their business models. Dennis and his team have done a remarkable job in building Quintiles into the leading global drug development, commercialization and strategic partnering company."

John Connaughton, a Managing Director at Bain Capital, stated: "We are very excited to sponsor the next phase of development for Quintiles, a market leader well positioned for continued success in the highest growth segments and regions of the world. We believe Quintiles will continue to play a critical role in bringing healthcare advances and innovations to patients in need. We have been very impressed with management, and look forward to supporting their efforts to advance the company's global leadership."

Robin Marshall, a partner at 3i, said, "3i is delighted to partner with Quintiles in the next stage of its development. Quintiles is a world class business which will continue to have a huge impact in the healthcare industry. 3i will leverage its extensive global healthcare network to help Quintiles continue its growth."

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. Si
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