PTC Therapeutics entered into a strategic financing collaboration with funds managed by Blackstone. Funds managed by Blackstone Life Sciences and Blackstone Credit will provide PTC with an initial $500 million commitment, including $350 million in low-cost, low-dilution capital at close.
H.I.G. Capital, a global alternative investment firm with $50 billion of equity capital under management, completed the acquisition of Barton & Associates, a healthcare staffing company.
Dennis Jenkins, a financial restructuring lawyer with 20 years of experience, joined global law firm Morrison & Foerster as a partner in its New York–headquartered Business Restructuring & Insolvency Group.