Bloomberg News

Forbion Capital Raises $50 Million to Invest in Health Companies

By Kristen Hallam
December 08, 2011

Dec. 8 (Bloomberg) -- Forbion Capital Partners raised about $50 million for a second fund to invest in health-care companies that are close to being sold.

The fund made its first investment in CircuLite Inc., a U.S. developer of devices to treat heart failure, the Dutch firm said in an e-mailed statement today.

Forbion’s first FCF 1 Co-Investment Fund, which raised 54 million euros ($72 million), has made six investments. One of those companies, BioVex Group Inc., was purchased by Amgen Inc. in January for as much as $1 billion. Another company in Forbion’s portfolio, Pathway Medical Technologies Inc., was sold in September to Bayer AG for $125 million, the firm said.

“We raised this second FCF 1 Co-Investment Fund in just a few weeks in difficult markets,” Sander Slootweg, a managing partner at Forbion, said in the statement.

--Editors: Bruce Rule, Robert Valpuesta

To contact the reporter on this story: Kristen Hallam in London at khallam@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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