Alere Ups its Private Placement to $400M
Alere Increases Private Placement to $400M
Waltham life sciences firm Alere Inc. has increased its planned private placement of senior subordinated notes to $400 million. Earlier this week, the company formerly known as Inverness Medical Innovations Inc. announced the plan for a $350 million private placement offering.
According to Alere (NYSE: ALR) officials, the net proceeds from the private placement offering will be used for working capital and general corporate purposes.
Alere’s PPMwill be due in 2018. The company did not disclose the purchaser of the notes, or identify any manager of the sale.
Alere’s name change from Inverness Medical occurred in May, stemming from the 2007 acquisition by Inverness of Alere Medical Inc., of Reno, Nev., for $302 million in cash and stock.
Alere made a number of acquisitions last year, including its September buyout of Seattle-based Free & Clear Inc. for $100 million and its August purchase of Concateno plc, a London-based provider of drug-testing services, for $240 million.
Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.
PPM’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.
We are leaders in:
• New York Private Placement
• Real Estate Private Placement
• Power Technology Private Placement
• Debt Private Placement
• Equity Private Placement
• Power Technology Private Placement Memorandum Writing
• New York Private Placement Memorandum Writing
• Real Estate Private Placement Memorandum Writing
• Debt Private Placement Memorandum Writing