Dan Van Fleet

Pindrop, a global leader in voice authentication and security, has announced it has secured US$100 million in debt financing from Hercules Capital, Inc. This significant funding will enable Pindrop to further develop its cutting-edge audio, voice, and AI technologies, enhancing its offerings for customers in the banking, finance, contact center, insurance, utilities, healthcare, retail, and other industries. Latham & Watkins LLP represented Hercules in the financing with a transactional team led by partners Dan Van Fleet and Haim Zaltzman, with counsel Emily Yu and with associates Hyunji Lee and Yong Jae Kim; on tax matters by partner Eric Cho; and on corporate matters by partner Jim Morrone.~~

Jul 18

1 min

Tipalti, the global payables automation platform headquartered in Israel, has announced it raised US$150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. (NYSE: HTGC) (Hercules). Latham & Watkins LLP advises Hercules in the financing with a finance team led by Bay Area partners Haim Zaltzman and Dan Van Fleet, with associates Hai Pham and Tony Noh. Advice was also provided on tax matters by Los Angeles partner Eric Cho. Hercules was also represented by Gornitzky & Co. in Israel.~~

May 15

1 min

SPR Therapeutics, a private medical device company focused on treating pain and improving the quality of life for patients managing acute or chronic pain, has announced that it has secured US$85 million in financing including US$25 million in equity and a US$60 million debt facility. The debt facility is provided by SLR Capital Partners. Armentum Partners served as the Company’s financial advisor. Latham represented SLR Capital Partners with a deal team led by partners Haim Zaltzman and Dan Van Fleet, with associates Axel Magnusson and Tyler Davis. Advice was also provided on tax matters by partner Eric Cho; on healthcare regulatory matters by partner Chad Jennings; and on security and intercreditor matters by counsel Emily Leong Yu.~~

Feb 1

1 min

Coherus BioSciences, Inc. (Coherus, Nasdaq: CHRS), has announced it entered into a combined term loan and product royalty financing agreement with Barings that has allowed Coherus to fully pay off the remaining US$75 million of its Pharmakon Advisors term loan. Under the terms of the royalty monetization facility, Coherus received US$37.5 million in return for a certain net sales royalty percentage consideration on US sales of LOQTORZI® and UDENYCA® up to a hard cap. Under the term loan, Coherus received US$38.7 million in proceeds from a structured debt loan with a May 2029 maturity. Latham & Watkins LLP represented Coherus in the transaction with a corporate deal team led by Bay Area partners Jekkie Kim, Dan Van Fleet, Ben Potter, and Phillip Stoup, with associates Mizuna Sekine, Trevor Church, Patrick Chew, and Rychelle Andersen. Advice was also provided on tax matters by partners Eric Cho and Katharine Moir, with associates Sam Yang and Rasha Suleiman; on security matters by counsel Emily Yu; on healthcare regulatory matters by Washington, D.C. counsel Chad Jennings; and on convertible debt related matters by Los Angeles/New York partner Greg Rodgers.~~

May 13

1 min

Petfolk, the modern veterinary care company providing best-in-class service to pets, pet owners, and veterinarians through a connected care community, has announced a US$40 million Series B. The investment was led by Movendo Capital, a family-backed growth equity investor with a focus on food and beverage, retail, and branded consumer companies throughout Europe and North America. Existing investors including White Star Capital, Idea Farm Ventures, and others, also participated in the round. Latham & Watkins LLP represented Movendo Capital in the financing, with a corporate deal team led by New York partner Eli Curi, with associates Jana Kovich and Emma Mayberry. Advice was also provided on payments and privacy matters by San Francisco partner Heather Deixler; on healthcare regulatory matters by San Francisco partner Betty Pang, with associate Yanyan Zhou; on tax and executive compensation matters by Chicago partner Nineveh Alkhas; on intellectual property matters by Boston partner Sarah Gagan, with associate Alex Theuer*; and on finance matters by Bay Area partner Dan Van Fleet, with associate Tony Noh. Only admitted to practice in New York.~~

Oct 23

1 min