Ropes & Grey represented Vapotherm, Inc. in a definitive merger settlement with a newly-formed entity organized and funded by an affiliate of Perceptive Advisors, LLC, a number one well being care funding agency, and its Perceptive Discovery Fund.
Along side the execution of the ultimate merger settlement, funding associates underneath the administration of SLR Capital Companions, the agency’s present lender, have decided to remodel round $81.0 million of time period debt into most popular fairness of the not too long ago established entity. Moreover, Perceptive will inject $50.0 million of recent most popular fairness capital into the corporate, a portion of which shall be utilized to finance the merger consideration and canopy particular funds associated to the closing course of. SLR will keep $40.0 million of time period debt.
Vapotherm, headquartered in Exeter, New Hampshire, USA, is a publicly traded firm specializing within the growth and manufacturing of superior respiratory know-how. The corporate focuses on creating non-invasive applied sciences to offer respiratory assist for sufferers affected by persistent or acute respiratory problems.
The Ropes & Grey staff included mergers & acquisition associate Sarah Younger, employment associate Renata Ferrari, tax associate Alyssa Kollmeyer, and IP transactions associate Raj Banerjee.