April 1, 2016 – New Canaan Funding (“NCF”) provided financing to support the acquisition of Science Care Holdings Inc. (“Science Care”) by American Capital Equity. NCF provided subordinated notes and equity in Science Care as part of this acquisition.
Science Care is the world’s largest non-transplant human tissue (“NTHT”) bank. Headquartered in Phoenix, Arizona with facilities in California, Colorado, Florida and Pennsylvania, Science Care provides medical device companies, medical schools, and hospitals with NTHT services for training and research purposes. Science Care sources tissue through voluntary whole body donation programs, prepares tissue specimens based on customer demand and specifications, and transports the tissue to its domestic and international client base.
New Canaan Funding, with offices in New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its sixth fund. The investment in Science Care represents NCF’s second investment in the fund. This financing represents the first with American Capital Equity.
American Capital Equity, III is a $1.1 billion private equity fund raised in September 2014 and focuses on control equity positions in North American leverage buyouts. The team invests between $25 million and $150 million of equity per transaction in the business services, healthcare products and services and industrial growth end markets. Through its affiliation with American Capital, Ltd., a publicly traded private equity firm and global asset manager, the American Capital Equity team has invested over $1.2 billion in control equity positions while offering unparalleled execution efficiency, bringing dedicated in-house accounting, legal, debt capital markets, tax and IT resources to support diligence efforts and post-closing activities.
Contact and additional information for American Capital Equity can be found at https://www.acequity.com
Contact at New Canaan Funding: