Sign up for free newsletter

 

Drugs

Monroe Capital provides USD27m for Collaborative Neuroscience Network ESOP transaction

Monroe Capital has provided a USD27m unitranche facility to support the sale of Collaborative Neuroscience Network (CNS Network) to a 100 per cent Employee Stock Ownership Plan (ESOP) owned corporation.

This is the first transaction completed by Monroe Capital’s newly-formed national ESOP lending practice.

ESOPs offer corporate and individual level tax advantages that are not typically available in traditional third party sales. In today’s rising tax rate environment, Monroe Capital anticipates that demand will be robust for similarly structured ESOP transactions in 2013 and beyond.

Based in Garden Grove, California, CNS Network is a clinical trial research provider, assisting pharmaceutical companies and contract research organisations with the various phases of drug development. The company provides services that manage various aspects of clinical trials for pharmaceutical companies testing potential compounds and drugs for FDA approval.


Subscribe to free daily newsletter
MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

latestjobs
Investment Banking Associate (Consumer)

Fri, 31 Jul 2015 00:00:00 GMT

Investment Banking M&A Associate

Fri, 31 Jul 2015 00:00:00 GMT

Lead Mobile Engineer – Mobile App Development

Fri, 31 Jul 2015 00:00:00 GMT

events
3 weeks 6 hours from now - New York
4 weeks 1 day from now - Texas
5 weeks 2 days from now - New York
5 weeks 3 days from now - New York
specialreports