IMS Health acquires Baring PE-backed PharmARC Majmudar and PRA advise

US-based IMS Health, a leading provider of information services for the healthcare industry worldwide has acquired Baring Private Equity-backed knowledge process outsourcing (KPO), PharmARC Analytics Solutions..Majmudar & Co. advised IMS Health with a team led by Partner N. Raja Sujith..PRA Law Offices advised Baring and other sellers with a team led by Partner P. Srinivasan..According to VCCircle, this acquisition strengthens IMS Health’s business process outsourcing capabilities and complements its suite of proprietary technology and software applications, the company said on the acquisition..Bangalore-headquartered PharmARC was founded by Siraj Dhanani and Amit Sadana in 2003. The KPO has offices in Basel (Switzerland) and New Jersey (USA), and provides sales & marketing analytics and business consulting services across pharmaceutical and healthcare industry. It claims to cater to 15 of the top 20 pharma companies, as well as over 50 life sciences companies in the USA, Europe, the Middle East and the Asia-Pacific region..Baring India Private Equity Fund II invested $10 million in PharmARC in 2006..IMS Health is owned by private equity major TPG Capital and the CPP Investment Board, who acquired it for $5.2 billion in 2009. Founded in 1954, IMS Health provides analytics, commercial services and business intelligence platforms to its healthcare clients in more than 100 countries. The company is based in Norwalk, Connecticut, with offices across Japan, China, the Middle East, the Asia-Pacific, North and South Europe, Canada, Latin America and Africa.