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Article: Globus Medical Raises $110 Million in Series E Financing Round.
- Article from:
- PR Newswire
- Article date:
- August 23, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New Capital To Fund Continued Rapid Growth and Innovation
AUDUBON, Pa., Aug. 23 /PRNewswire/ -- Globus Medical, Inc., the largest privately-held spinal implant manufacturer in the world, today announced the closing of a $110 million series E financing round. Clarus Ventures, LLC led the round and was joined by AIG SunAmerica and other large, institutional private equity funds. Banc of America Securities, LLC acted as sole placement agent.
The Series E financing will be used to fuel Globus Medical's rapid growth and fund clinical trials associated with multiple innovative technologies under development. The company's product development engine has ...