Investment Summary

Greer Capital Advisors Invests In BioDtech

On October 8, 2010, private equity firm Greer Capital Advisors invested in life science company BioDtech

Investment Highlights
  • This is Greer Capital Advisors’ 6th transaction in the Life Science sector.
  • This is Greer Capital Advisors’ 8th transaction in the United States.
  • This is Greer Capital Advisors’ 5th transaction in Alabama.
Investment Fate
  • BioDtech was sold to a strategic buyer in 2018.
  • BioDtech was divested to a consortium of strategic buyers in 2020.

Investment Summary

Date 2010-10-08
Target BioDtech
Sector Life Science
Investor(s) Greer Capital Advisors
Deal Type Venture

Target

BioDtech

Birmingham, Alabama, United States
BioDtech, Inc. develops and markets products for the detection, neutralization, and removal of biological toxins for pharmaceutical manufacturing and clinical applications. BioDtech was founded in 2003 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 8 of 8
Sector: Life Science M&A 6 of 6
Type: Venture M&A Deals 7 of 7
State: Alabama M&A 5 of 5
Country: United States M&A 8 of 8
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-21 Applied Genomics

Huntsville, Alabama, United States

Applied Genomics, Inc. develops targeted genomics-based diagnostic and therapeutic antibodies for the treatment of cancer.

Sell $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 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.

Sell $255M