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Senior Secured Facilities

Documentation Agent | May 2020

Sector: Healthcare

On May 1, 2020, AB Private Credit Investors (AB-PCI) served as Documentation Agent and provided funding for a senior credit facility to back Altaris Capital Partners’ acquisition of Kindeva Drug Delivery. Kindeva is a carve-out of the 3M Drug Delivery Systems division. 3M is a diversified industrials conglomerate operating across multiple sectors, including consumer, telecommunications, security, healthcare and transportation.

Based outside of Saint Paul, Minnesota, Kindeva is a unique contract delivery and manufacturing organization focused on both drugs and their delivery devices, particularly inhalation, including asthma inhalers; transdermal, or patches that deliver drugs through the skin; and other systems. The company’s microneedle-based drug delivery platforms are currently being utilized in dozens of development programs, including programs for COVID-19 vaccines and other difficult-to-deliver therapies.

Contact Us

Brent Humphries

President and Founding Member
512.721.2916
Brent.Humphries@AllianceBernstein.com

Jay Ramakrishnan

Managing Director, Head of Originations and Founding Member
212.969.6065
Jay.Ramakrishnan@AllianceBernstein.com

Evan Cohen, CFA

Managing Director
512.721.2912
Evan.Cohen@AllianceBernstein.com

Solomon Cole

Director
512.721.2957
Solomon.Cole@AllianceBernstein.com

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