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IQVIA stockholders close sale of common stock

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IQVIA stockholders close sale of common stock

IQVIA Holdings Inc. said certain stockholders of the company completed the sale of 12 million common shares to an underwriter for $103 per share.

Under an underwriting agreement, the shareholders — including affiliates of TPG Global LLC, CPP Investment Board Private Holdings Inc., investment funds associated with Bain Capital Investors LLC, and Dennis Gillings — sold the shares to Goldman Sachs & Co. LLC, the underwriter.

Further, IQVIA repurchased 4 million of the common shares sold by the selling stockholders from Goldman Sachs as part of the underwriting deal. The repurchase was funded with cash on hand and borrowings from IQVIA's revolving credit facility.

Durham, N.C.-based IQVIA provides integrated information and technology-enabled healthcare services in the Americas, Europe, Africa and the Asia-Pacific.