NEW YORK, Jan 30 (Reuters) - Quintiles Transnational Corp,the largest provider of testing services to drugmakers, haschosen Morgan Stanley, Barclays Plc and JPMorganChase & Co as joint bookrunners for a planned initialpublic offering, people familiar with the matter said onWednesday.
Quintiles, owned by private equity investors that includeBain Capital LLC and TPG Capital LP, held "bake-off" talks withinvestment banks to appoint bookrunners for an IPO, Reutersreported last week.
The proposed offering would come five years after Bain andTPG became lead investors in Quintiles in January 2008, when OneEquity Partners sold its stake in the Durham, NorthCarolina-based company.
Bain was not immediately reached for comment. TPG, MorganStanley, Barclays and JPMorgan declined comment. The sourcesasked not to be named because the matter is not public.
Barclays (BARC)