Investment Summary

Morgan Stanley Expansion Capital, Petra Capital Partners and Virgo Investment Group Invest In Caidya

On September 27, 2011, growth capital firm Morgan Stanley Expansion Capital, private equity firm Petra Capital Partners and private equity firm Virgo Investment Group invested in life science company Caidya

Investment Highlights
  • This is Morgan Stanley Expansion Capital’s 1st, Petra Capital Partners’ 1st and Virgo Investment Group’s 1st transaction in the Life Science sector.
  • This is Morgan Stanley Expansion Capital’s 7th, Petra Capital Partners’ 23rd and Virgo Investment Group’s 1st transaction in the United States.
  • This is Morgan Stanley Expansion Capital’s 2nd, Petra Capital Partners’ 2nd and Virgo Investment Group’s 1st transaction in North Carolina.

Investment Summary

Date 2011-09-27
Target Caidya
Sector Life Science
Investor(s) Morgan Stanley Expansion Capital
Petra Capital Partners
Virgo Investment Group
Deal Type Venture

Target

Caidya

Morrisville, North Carolina, United States
Caidya offers a wide range of clinical services and vast therapeutic expertise, supporting its partners from pre-IND strategy, through clinical development to submission and post-marketing surveillance. Caidya is a proprietary clinical technology to ensure trial transparency and data-driven decision-making. Caidya was founded in 2003 and is based in Morrisville, North Carolina.

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Investor(S) 3

DESCRIPTION

Morgan Stanley Expansion Capital is a division of Morgan Stanley that looks to make growth equity and credit investments in expanding companies operating in the healthcare, digital media, e-commerce, consumer and business services sectors. The unit will consider opportunities throughout North America and Western Europe and primarily targets companies with established products/services looking to scale. Morgan Stanley Expansion Capital is headquartered in New York City.


DEAL STATS #
Overall 7 of 48
Sector (Life Science) 1 of 2
Type (Venture) 3 of 22
State (North Carolina) 2 of 2
Country (United States) 7 of 40
Year (2011) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-21 Neo4j

San Mateo, California, United States

Neo4j is a graph database platform that drives innovation and competitive advantage at airbus, comcast, eBay, NASA, UBS, walmart and more. Thousands of community deployments and more than 300 customers harness connected data with Neo4j to reveal how people, processes, locations and systems are interrelated. Using this relationships-first approach, applications built using Neo4j tackle connected data challenges including artificial intelligence, fraud detection, real-time recommendations and master data. Neo4j was founded in 2000 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Ez Texting

San Francisco, California, United States

Ez Texting is a provider of SMS marketing software, setting the standard for business texting platforms. Ez Texting was founded in 2004 and is based in San Francisco, California.

Buy -
Investor

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 23 of 54
Sector (Life Science) 1 of 2
Type (Venture) 5 of 6
State (North Carolina) 2 of 2
Country (United States) 23 of 54
Year (2011) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-04 Lakeview Farms

Delphos, Ohio, United States

Lakeview Farms is a manufacturer of sour cream, dips, and refrigerated desserts and markets its products under store brands as well as its own brands. Lakeview Farms was founded in 1988 and is based in Delphos, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 T2 Systems

Indianapolis, Indiana, United States

T2 Systems is a provider of unified SaaS (Software as a Service) parking management solutions. T2 Systems's comprehensive portfolio of services includes solutions that help organizations manage parking permits, citations, gated parking facilities, and special events. T2 Systems was established in 1994 and is based in Indianapolis, Indiana.

Sell -
DESCRIPTION

Virgo Investment Group is an opportunistic alternative investment firm focused on investing in and providing credit to middle-market companies. The Firm was formed in 2009 and is based in Redwood Shores, California.


DEAL STATS #
Overall 1 of 13
Sector (Life Science) 1 of 1
Type (Venture) 1 of 1
State (North Carolina) 1 of 2
Country (United States) 1 of 11
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-15 Milestone Bank

Troy, Michigan, United States

Milestone Bank is a full-service financing company specializing in technology and industrial equipment financing. Milestone Bank offers a multitude of leasing programs that allow companies to obtain the equipment they need now and pay for it over a fixed amount of time, freeing up working capital and credit lines. Milestone Bank was founded in 1988 and is based in Troy, Michigan.

Buy -