Friday, September 29, 2023
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Sweden: Palette turns to OrbiMed for debt facility in wake of SVB collapse

Global life sciences company, Palette Life Sciences, has signed a debt financing facility for up to US$75m with healthcare investor, OrbiMed. The non-dilutive capital...

UAE: Jamjoom Pharma begins bookbuilding process ahead of IPO on Saudi Exchange

Pharmaceutical company, Jamjoom Pharma, is planning to offer 30% of its share capital through an initial public offering (IPO) and listing of shares on...

Norway: Observe Medical faces short term liquidity challenges

Nordic medtech company, Observe Medical, is facing liquidity challenges in the short and medium term. In December 2022, announced plans to issue a NOK30-50m (US$2.8-4.7m)...

Sweden: Stenvalvet issues SEK500m green bond

Fastighets AB Stenvalvet, a community services property management company, has issued a SEK500m (US$45m) three-year green bond. The unsecured bond pays floating interest rate of...

Netherlands: Philips confirms full year sales growth of 4-6%

Dutch health tech company Philips has reported underwhelming first quarter figures, although chief executive Frans van Houten confirmed that it remained on target for 6%...

Germany: Alloheim acquires Pro Talis Gruppe

Nordic Capital-owned Alloheim, Germany’s second-largest nursing home operator, has acquired Meppen-based care operator Pro Talis Gruppe. Financial terms have not been disclosed. Pro Talis operates...

Luxembourg: Vesalius Biocapital III closes at €120m

Specialist life sciences venture capital investor Vesalius Biocapital has closed Vesalius Biocapital III at €120m (US$136.5m). This includes commitments of €30m from the European...

China: Citic Capital closes fourth China buyout fund at US$2.8bn

Citic Capital Partners, the private equity arm of investment management firm Citic Capital, has closed its fourth China buyout fund on a US$2.8bn hard...

UAE: Zanzibar government secures US$10m funding for hospital development

Abu Dhabi Fund for Development (ADFD) has signed an MoU with the government of Zanzibar in the Federal Republic of Tanzania to provide D37m...

UAE: Meddy raises US$2.5m Series A funding

Dubai-based doctor booking platform Meddy has raised US$2.5m in Series A funding to expand its operations in the UAE. Founded in 2016, Meddy is the...