United BioSource Secures $125 Million
United BioSource, a Bethesda, Md.-based scientific and medical affairs organization, has secured a $150 million line of credit for future acquisitions and other growth activities. Participants in the new credit facility included Wells Fargo, PNC Bank, Capital One and JPMorgan. United BioSource recently sold a minority equity stake to Berkshire Partners for $125 million, which followed more than $150 million in VC funding from Grotech Capital Group, J.H. Whitney and New Enterprise Associates.
6 July 2010•2 mins read
