Latticework Capital Management (LCM), a private equity firm focused on partnering with entrepreneurially-minded management teams to build successful healthcare companies, and Edgehill Management, a private investment firm focused on partnering with entrepreneurs and management teams, announced a strategic investment in Life Science Connect (LSC).
Based in Pittsburgh, Pennsylvania, LSC is a leading life science digital media business committed to enhancing connections between professionals across life science communities to accelerate research, development, manufacturing, and the application of life science innovations.
Latticework has completed over 140 transactions across a diverse array of healthcare subsectors. And the firm employs a top down approach to investing, identifying industry themes and trends and focusing on areas of growth and opportunity.
Latticework Capital Managing Partner Kyle Bradford, Managing Partner Steve Neumann, Principal Brett Lacher, Vice President TJ Shepard, and Associate Ruslan Gabidoulline worked on the deal. And Edgehill Management Co-Founders and Partners Daniel Khazzam and Ben Rapaport worked on the deal. And Principal Asset Management, through its direct lending business, Principal Alternative Credit, provided the debt financing to support the acquisition and continued growth of LSC.
McGuireWoods served as legal counsel to Latticework and Edgehill, Lippes Mathias served as legal counsel to Edgehill, Chapman and Cutler served as legal counsel to Principal, and Dentons Cohen & Grigsby served as legal counsel to Life Science Connect in the transaction.
KEY QUOTES:
“The partnership with Latticework and Edgehill will enable our team to expand our delivery of mission-critical content to our highly engaged life science readership and continue to innovate industry-leading solutions for our clients. We were impressed by their commitment to bolstering the value we provide to both our readers and clients as well as their understanding of and track record in our space.”
– Jon Howland, CEO of LSC
“We are thrilled to partner with Life Science Connect to reinforce their mission of fostering collaboration among the life science ecosystem and accelerating breakthroughs in life-changing therapies and devices. We are highly impressed with the technical expertise of LSC’s senior leadership and the entire LSC staff, and we look forward to supporting LSC as they continue providing original, compelling content to a loyal readership base and driving robust business development pipelines for their strategic partners.”
– Kyle Bradford, Managing Partner of Latticework
“When we first met Life Science Connect, we were immediately impressed with their ability to facilitate outstanding outcomes across the biopharma value chain. The LSC team has built a successful platform and we are excited to help them drive further growth.”
– Ben Rapaport, Edgehill’s Co-Founder
“We are delighted to team up with Latticework on this transaction. LCM’s deep expertise in healthcare, track record, and growth-minded approach to value creation enabled them to see the vision for the investment right away, and we are thrilled to join forces on our partnership with LSC.”
– Daniel Khazzam, Edgehill’s Co-Founder
