Financing
SVB Silicon Valley Bank Provides $19 Million in Buyout Financing for Vector Capital's Acquisition of Tripos
Published in Law and Health Weekly, May 12th, 2007
SVB Silicon Valley Bank (NASDAQ:SIVB), the premier commercial bank for technology and life science companies of all sizes, announced it provided $19 million in senior secured debt to assist Vector Capital with its acquisition of the Discovery Informatics division of Tripos, Inc. (NASDAQ:TRPS). Vector Capital, a leading private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses acquired a division of Tripos, L.P., a provider of specialized software for researchers in the pharmaceutical, biotechnology and academic fields, for approximately $26 million.
The financing is part of SVB Silicon Valley Bank's growing activity...
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