Oxford Finance Nets $460M


Oxford Finance, a company that makes loans to life science and healthcare companies, has raised $460 million from Sumitomo Corp. and private equity firm Welsh, Carson, Anderson & Stowe, Reuters reported. Oxford Finance has been majority-owned by Sumitomo since 2004. The company will use the new money, in part, to expand its portfolio.

(Reuters) – Oxford Finance, which makes loans to life science and healthcare companies, said on Monday it secured $460 million in commitments from Sumitomo Corp of America and private equity firm Welsh, Carson, Anderson & Stowe.

Oxford has been Sumitomo’s majority-owned subsidiary since 2004. Welsh Carson, a $20 billion private equity firm with a focus on healthcare, has invested alongside Sumitomo in Oxford.

Oxford, which provides senior debt to healthcare companies, will now be jointly held by both entities.

Oxford said it will use the new equity capital to boost origination and portfolio growth.

Macquarie Capital (MQG.AX) acted as the exclusive financial advisor to Oxford Finance. (Reporting by Paritosh Bansal; editing by Andre Grenon)

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