Investment Summary

Greer Capital Advisors Invests In Aeon Bioscience

On May 7, 2007, private equity firm Greer Capital Advisors invested in life science company Aeon Bioscience

Investment Highlights
  • This is Greer Capital Advisors’ 3rd transaction in the Life Science sector.
  • This is Greer Capital Advisors’ 5th transaction in the United States.
  • This is Greer Capital Advisors’ 2nd transaction in Alabama.
Investment Fate
  • Aeon Bioscience was sold to a publicly-traded strategic buyer in 2010 for 255M USD.

Investment Summary

Date 2007-05-07
Target Aeon Bioscience
Sector Life Science
Investor(s) Greer Capital Advisors
Deal Type Venture

Target

Aeon Bioscience

Birmingham, Alabama, United States
Aeon Bioscience, Inc. is a developer of a drug-eluting stent, to overcome the current concerns of late stent thrombosis, or blood clot formation at or near the site of the stent and vessel closure due to formation of scar tissue, known as restenosis. Aeon Bioscience was founded in 2007 and is based in Birmingham, Alabama.

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Investor(S) 1

Investor

Greer Capital Advisors

Mountain Brook, Alabama, United States

Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Greer Capital Advisors (GCA) is a specialized, heathcare focused private equity firm that targets investments in Alabama based companies. Within healthcare, GCA looks for companies in the pharmaceutical, biotechnology, medical device, and diagnostics industries. GCA prefers early and growth stage investments and generally seeks to invest between $1 to $2 million per transaction. Greer Capital Advisors was formed in 2002 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 5 of 8
Sector: Life Science M&A 3 of 6
Type: Venture M&A Deals 4 of 7
State: Alabama M&A 2 of 5
Country: United States M&A 5 of 8
Year: 2007 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-31 Genaco Biomedical Products

Valencia, California, United States

Genaco Biomedical Products, Inc. (Genaco) is a post-genomic era biotechnology platform company, utilizing the information and technologies derived from the Human Genome Project (HGP) to develop molecular differential diagnostics (MDD).

Sell $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-06 PNP Therapeutics

Birmingham, Alabama, United States

PNP Therapeutics is an operator of clinical-stage, a biopharmaceutical company engaged in the development of a platform technology and proprietary products for the treatment of cancer. PNP Therapeutics is based in Birmingham, Alabama.

Buy -