£1.1m of equity for Novabiotics
June 2009
The DC Consulting team, led by Angus Hay, has successfully assisted NovaBiotics Limited in securing an equity investment of £1.1 million. The investment was made by both existing shareholders in the company and by new sources of funds introduced by DC Consulting, including Discovery Investment Fund, TRIcap and Aurora Private Equity. After the successful completion of the transaction, NovaBiotics announced regulatory and ethics clearance had been obtained to commence clinical trials of its lead product Novexatin.
Acquisition of Double D Food Engineering
May 2009
Brokered by DC Consulting, Double D Food Engineering has been acquired by Nasdaq listed JBT Corporation, in a transaction which provides the company with the global footprint to further broaden its horizons across the world.
DC Consulting assisted with the original acquistion of Double D in 2007, and since then, have provided Board Advice and Financial Direction to the company, culminating in its acquistion by a key global player.
Secured £2m for CarieScan
March 2009
CarieScan secures £2 million for global sales & marketing.CarieScan, based in Dundee, is taking to market a device which uses AC impedance spectroscopy (ACIST) to determine the mineral density of dental substrate, as a means of detecting tooth decay at an earlier stage than usual, and monitoring its progress accurately.