Report: Equity group orchestrates $600M INC buyout

Bloomberg has the scoop this morning on the sale of INC Research, a major CRO which conducts clinical trials in 40 countries spanning the globe. Quoting a source with "direct knowledge," the business news service says that the private equity group Avista Capital Partners and the Ontario Teachers' Pension Plan have agreed to shell out close to $600 million for the buyout--the second big CRO acquisition deal this week. Raleigh, NC-based INC has some 2,000 staffers and racks up about $60 million...