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ADL Bionatur Solutions, through its subsidiary ADL Biopharma, a company specialised in research and development of health, cosmetic and beauty products, services and industrial fermentation production, has agreed an EUR25 million debt financing with Kartesia, an independent and privately-owned European specialist financing small and middle-market companies.
The agreement includes financing of EUR25 million and the option of an additional amount of EUR5 million, that can be drawn by requirement of ADL within the next 6-18 months. The parties agreed on an interest rate based on the Euribor + 5 per cent annual interest rate + 7 per cent for payment-in-kind
Intertrust, a provide of tech-enabled corporate and fund solutions to clients operating and investing in the international business environment, has expanded its services in the United States.
Clients with US domiciled legal entities and affiliated transactions now benefit from Intertrust’s local Funds and Capital Markets services, led by former BlackRock Director, Deirdre Hochman, and an expanded team of experts. The Funds and Capital Markets team in the US spans time-zones providing clients with extensive knowledge of local and global services.
The expansion leverages Funds Services technology adopted through Intertrust’s recent acquisition of Viteos, as well as new proprietary software
PurpleLab, a healthcare data and analytics platform, has raised USD3 million in growth financing from Edison Partners. PurpleLab will use the capital to bolster its analytics capabilities and sales and marketing operations.
Provider profiling and medical terminology master data management represents a USD2 billion-plus market in the US, PurpleLab leverages its data and analytics technology platform to help health plans, healthcare providers, as well as life science organisations to model and measure episodes of care. PurpleLab utilises medical and prescription claims data to produce objective, quantitative, and predictive performance measures for 1.8 million healthcare providers across the nation.
“Outcomes and
Lovell Minnick Partners, a private equity firm focused on investments in the global financial services industry, has promote Scott Shebelsky to Chief Financial Officer (CFO). Shebelsky joined the firm in 2015 as Vice President of Finance and Chief Compliance Officer.
“We are pleased to recognise Scott’s significant contributions and proven leadership of our financial, accounting and compliance functions,” says Steve Pierson, Managing Partner at Lovell Minnick Partners. “Scott has also led important technology-driven initiatives that have helped improve the firm’s operational efficiency. His promotion reflects our continued emphasis on further building our senior leadership talent as we continue to grow,
DW Healthcare Partners (DWHP), a healthcare-focused private equity firm, has made a majority investment in CEFALY Technology SPRL (CEFALY), a global manufacturer and marketer of neuro-modulating medical devices for the prevention and treatment of migraines.
CEFALY is the first investment in DW Healthcare Partners V, the firm’s recently closed, USD610 million fifth fund.
CEFALY was founded in 2004 by Dr Pierre Rigaux and Pierre-Yves Muller and is headquartered in Liège, Belgium, with additional operations in the US. The CEFALY device is externally applied by the patient to the forehead to deliver electrical impulses to the trigeminal nerve, a critical
Independent Growth Finance (IGF), an independent commercial finance provider, has appointed Dave Pickup as ABL Director for the Thames Valley.
Investment in the region follows another successful year for IGF, which included a 39 per cent growth in funded assets and a 29 per cent growth in revenues.
Having worked in the finance industry since 2001, Pickup specialises in improving SME’s cash flow through alternative funding. Providing facilities for every stage of a business’ journey including start-up finance, MBOs and acquisitions, as well as general working capital. His industry experience will support IGF’s growth ambitions and presence in the Thames Valley
Orrick has added M&A and private equity partner Bryan Gadol to its Orange County office in California.
Gadol advises companies, PE funds and family offices in tech, medical device, beauty, healthcare, consumer products, and manufacturing at all stages in the corporate life-cycle, including M&A and private equity, securities transactions, reorganisations and other corporate matters.
Bryan joins a team of about 100 lawyers in our three Southern California offices (Orange County, Los Angeles and Santa Monica) focused on companies in the tech & innovation, energy & infrastructure and finance sectors.
“It has been a longtime goal to build our corporate capability
Prestige Funds is launching two new distribution share classes for its Commercial Finance Opportunities Fund (CFO), a Luxembourg based, open-ended SICAV that launched in 2013.
CFO is a direct lending fund that focuses on invoice, asset and commercial finance opportunities, primarily in the UK, and operates a highly diversified investment portfolio of short term commercial and industrial loans.
The new share classes are:
• Distribution ID share classes which are aimed at institutional investors with a minimum investment of USD 1,000,000 (or currency equivalent) and quarterly liquidity (on 90 days’ notice).
• Distribution D share classes which are aimed at
Private equity firm Lovell Minnick Partners is exit its investment in Worldwide Facilities (Worldwide), a national wholesale insurance brokerage, managing general agency and program manager, with Genstar to become a new investor in the company.
Financial terms of the private transaction have not been disclosed.
“It has been a privilege to partner with the Worldwide management team over the past four years. We’re proud to have supported the Company in executing its strategic goal of becoming a larger, more diversified, top-five insurance wholesaler in the US market,” says Spencer Hoffman, a Partner at Lovell Minnick Partners. “We believe Worldwide
Granite Creek Capital Partners, a private investment firm based in Chicago, has made a USD15 million investment in Morrow Sodali, a provider of strategic advisory and shareholder services to corporate clients around the world.
Morrow Sodali provides corporate boards and executives with strategic advice and services relating to corporate governance, shareholder and bondholder communication and engagement, capital markets intelligence, proxy solicitation, shareholder activism and mergers and acquisitions.
Morrow Sodali will use the infusion from Granite Creek to continue making investments in its strategic growth initiatives. Mark Radzik, Managing Partner of Granite Creek, will serve on the Board of Morrow
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