Turnspire Capital Partners Secures Debt Financing for Acquisition of Pharmachem
09/19/24, 2:09 PM
Location
new yorkIndustry
angel investment
venture capital
finance
financial services
Type
partnership
D.A. Davidson & Co. acted as the exclusive financial advisor to Turnspire Capital Partners LLC on an asset-backed credit facility to finance Turnspire’s acquisition of Pharmachem Innovations, LLC, the former nutraceuticals business of Ashland Inc. Turnspire's managing partner, Ilya Koffman, expressed appreciation for the financing package, stating that the new capital structure will help achieve growth plans for Pharmachem.
Company Info
Location
new york, new york, united states
Additional Info
Turnspire Capital Partners LLC is an investment firm that specializes in acquiring high-quality businesses that have reached strategic, financial, or operational inflection points. The firm focuses on creating value through operational improvements rather than through financial leverage and aims to make each of its portfolio companies best-in-class in their respective industry niche.