ERT plans new debt financing for buyout by Nordic Capital

By Sara Rosenberg

New York, March 8 – ERT (eResearchTechnology Inc.) is planning on getting new debt financing to help fund its acquisition by Nordic Capital Fund VIII from Genstar Capital, according to a market source.

Goldman Sachs Bank USA and Bank of America Merrill Lynch are the lead banks on the debt.

Closing is expected in the second quarter, subject to regulatory approvals and customary conditions.

ERT is a Philadelphia-based provider of patient data collection solutions for use in clinical drug development.

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