1st Feb 2016 09:44
LONDON (Alliance News) - HgCapital Trust PLC on Monday said its manager HgCapital is taking a majority investment in advisory services firm Kinapse for a total of GBP10.0 million.
HgCapital Trust will invest in Kinapse alongside other institutional clients of HgCapital through the HgCapital 7 Fund. Following the investment, the HgCapital 7 Fund will be 55% invested.
Kinapse provides advisory, capability building and operational services to the life sciences industry.
"We have been deeply impressed by the Kinapse team, who have built the business into one of the leading pharma regulatory service providers to the global pharmaceutical industry," said Philipp Schwalber, a director in the HgCapital Services team. "Through its outstanding people and excellent service, Kinapse is uniquely positioned in this rapidly expanding global market."
Shares in HgCapital Trust were trading up 1.6% at 1,025.68 pence on Monday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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