United BioSource Makes It Official
Earlier this week, we reported that Berkshire Partners had agreed to sponsor a partial recap of United BioSource, a Bethesda, Md.-based company that has raised well over $150 million in VC funding. Neither firm was willing to comment, but United BioSource made it official this morning with a press release. The only new info is that Berkshire paid $125 million for its minority stake. VC backers -- Grotech Capital Group, J.H. Whitney and New Enterprise Associates -- will retain equity positions. Read the press release after the jump...
8 October 2009•3 mins read
