Edison Ventures Announces Investment in Compliance Science, Inc.

LAWRENCEVILLE, NJ, January 7, 2014 – Edison Ventures announced an $8.25M Series A investment in Compliance Science, Inc. (CSI).  This investment is the initial outside capital for the company.   Edison purchased a minority ownership interest.     The financing will accelerate the Company’s technology, product development and expand sales and marketing.

Full press release can be found here:   Edison Ventures Announces Investment in Compliance Science

Tricia Bradley
[email protected]
609-873-9224

 

Edison Ventures
1009 Lenox Drive #4
Lawrenceville, NJ  08648
609-896-1900
609-896-0066 (fax)

 

 

Brandywine Completes Third Straight Profitable Year

Brandywine’s Symphony globally-diversified investment program finished 2013 with a slight -0.16% loss in December but a 3.72% gain for the year. The aggressively-traded Brandywine Symphony Preferred Fund dropped -0.66% in December but gained +13.45% during the year.

You can view the complete Brandywine monthly report here: December 2013 Monthly Report

Mike Dever
[email protected]
610.361.4000 x111

Rob Proctor
[email protected]
610.361.4000 x105

 

SAFEGUARD SCIENTIFICS PARTNER COMPANY THINGWORX ACQUIRED BY PTC FOR $112 MILLION

Wayne, PA, December 30, 2013 — Safeguard Scientifics, Inc. (NYSE:SFE) today announced that its partner company ThingWorx, Inc. was acquired by PTC Inc. for approximately $112 million, plus an earn-out of up to $18 million. Safeguard expects to receive aggregate cash proceeds of $40.5 million, representing a 4x cash-on-cash return. Approximately $4.1 million of such proceeds will be held in escrow pending the expiration of an escrow period expiring December 30, 2015. Safeguard has the opportunity to receive up to an additional $6.5 million based on certain milestones achieved over future periods. This would increase Safeguard’s total return to approximately $47.0 million, representing a 4.7x cash on cash return.

Full press release can be found here:   Safeguard – ThingWorx Acquired by PTC

Heather R. Hunter
Director, Marketing Communications
O 610-975-4923
C 215-531-2225
F
610-672-9848
435 Devon Park Drive, Building 800, Wayne, PA 19087
[email protected]www.safeguard.com

 

 

SAFEGUARD SCIENTIFICS LEADS $16M SERIES C FINANCING FOR APPRENDA

Wayne, PA, November 20, 2013 Safeguard Scientifics, Inc. (NYSE:SFE) deployed $12.1 million as part of a $16.0 million Series C financing for Apprenda Inc. Existing investors Ignition Partners and New Enterprise Associates also participated in the round. Apprenda will use proceeds to expand its customer growth and build out its product, strategic alliances, sales, client services and marketing functions. Apprenda’s total funding to date is $32 million.

Full press release can be found here:  Safeguard – Apprenda Series C

Heather R. Hunter
Director, Marketing Communications
O 610-975-4923
C 215-531-2225
F
610-672-9848
435 Devon Park Drive, Building 800, Wayne, PA 19087
[email protected]www.safeguard.com

 

SAFEGUARD SCIENTIFICS PARTNER COMPANY ALVERIX ACQUIRED BY BD

Wayne, PA, January 7, 2014 — Safeguard Scientifics, Inc. (NYSE:SFE) today announced that its partner company, Alverix, Inc., was acquired by BD (Becton, Dickinson and Company) (NYSE: BDX) for $40 million. Safeguard expects to receive aggregate cash proceeds of $17.4 million, which represents an approximate 1.9x cash-on-cash return. As part of the acquisition, $1.7 million of such proceeds will be held in escrow for approximately 18 months.

Full press release can be found here:   Safeguard – Alverix-BD

 

Heather R. Hunter
Director, Marketing Communications
O 610-975-4923
C 215-531-2225
F
610-672-9848
435 Devon Park Drive, Building 800, Wayne, PA 19087
[email protected] | www.safeguard.com

 

Completed Transaction Announcement: Breitburn Energy Partners, L.P.; Gas Natural Inc.; Sprague Resources, L.P.; Gastar Exploration Ltd.

November 13, 2013 – Breitburn Energy Partners, L.P. (NasdaqGS: BBEP) announced the completion of an underwritten public offering of 16,500,000 common units at a public offering price of $18.22 per unit, before underwriting discounts. BBEP also granted the underwriters a 30-day option to purchase up to 2,475,000 additional common units, which was exercised on November 26, for total units of 18,975,000. Janney served as a co-manager on this transaction.
October 31, 2013 – Gas Natural Inc. (AMEX: EGAS) announced the completion of an underwritten public offering of 1,134,155 common shares at a public offering price of $10.00 per share, before underwriting discounts. EGAS also granted the underwriters a 30-day option to purchase up to 170,000 additional common shares. Janney served as a sole bookrunning manager on this transaction.
October 25, 2013 – Sprague Resources, L.P. (NYSE: SRLP) announced the completion of an underwritten initial public offering of 8,500,000 common units at a public offering price of $18.00 per unit, before underwriting discounts. Janney served as a co-manager on this transaction.
October 24, 2013 – Gastar Exploration Ltd. (AMEX: GST) announced the completion of an underwritten public offering of 2,000,000 shares of  10.75% Series B Cumulative Preferred Stock at a par value of $25.00. GST also granted the underwriters a 30-day option to purchase an additional 300,000 shares, which was partially exercised in the amount of 140,000 shares on November 1, for total shares of 2,140,000. Janney served as lead manager on this transaction.

Janney Montgomery Scott LLC
1717 Arch Street
Philadelphia, PA 19103
www.janney.com

Completed Transaction Announcement: Alliance Holdings

November 1, 2013 – Alliance Holdings announced that it has completed the acquisition of Markel Corporation (“Markel” or the “Company”). Founded in 1922 and headquartered in Plymouth Meeting, PA, Markel is a pioneer in the extrusion and manufacture of Polytetrafluoroethylene (“PTFE”) components that serve as an enabling technology across a range of high performance tubing and insulated wire products. The Company’s products are used as critical components in a variety of applications including automotive cable assemblies, high performance coaxial cable applications and porous membranes. Markel’s products are sold to blue-chip customers in Brazil, Canada, China, France, Germany, Hong Kong, India, Italy, Japan, Mexico, the Philippines, Puerto Rico, Singapore, South Korea, Taiwan, Thailand and the United States.

Janney Montgomery Scott acted as exclusive financial advisor to Markel.

Janney Montgomery Scott LLC
1717 Arch Street
Philadelphia, PA 19103
www.janney.com

 

 

DIANA and Opertech Bio Announce Collaboration in Taste Science

Collaboration to evaluate the potential of using Opertech’s trained rats as surrogate taste testers across other species including cats and dogs

DIANA and Opertech Bio, Inc. today announced that they have entered into an agreement to collaborate in the area of taste science. The companies will use Opertech Bio’s proprietary high throughput taste evaluation technology known as the Microtiter Operant Gustometer, or MOG, to evaluate the degree of relevance of using rats as surrogate taste testers.

Full press release can be viewed online at: http://www.prweb.com/releases/2013/12/prweb11380679.htm

Scott Horvitz
President and CEO
Opertech Bio, Inc.
Korman Research Pavillion
Albert Einstein Healthcare Network
5501 Old York Road, Philadelphia, PA 19141-3018
Direct: 215-456-6142
www.opertechbio.com

 

 

 

Science Center Awards $600,000 to Researchers at Three Universities Through QED Program

Dear Colleagues,

Four promising technologies are one step closer to the marketplace thanks to funding from the University City Science Center’s QED Proof-of-Concept Program. Life science and health IT researchers from Drexel University, Temple University and Rutgers, The State University of New Jersey, received a total of $600,000 through the QED program to develop a potential drug therapy for Lou Gehrig’s disease; validate a new therapeutic compound for pancreatic cancer; develop software to analyze EEG readings and guide diagnosis; and improve communications skills of health care professionals.

Details are included in the attached press release which was distributed via Business Wire. To view the release online go to: http://www.businesswire.com/news/home/20131203006563/en

Best,

Jeanne

 

Jeanne Mell
VP Marketing Communications
University City Science Center
3711 Market Steet, Suite 800
Philadelphia, PA 19104
215.966.6029
[email protected]