ALEXANDRIA, VA November 3, 2015- Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $20 million senior secured term loan with Venus Concept (“the Company”). Proceeds from the loan are being used to support the ongoing commercialization of the Company’s line of devices used for pain-free aesthetic treatments.
“Venus Concept is a fast-growing company and is led by a management team that has many years of experience in the aesthetic industry,” said Christopher A. Herr, senior managing director at Oxford Finance. “The Company has been very successful globally with its product line, and Oxford is pleased to provide debt financing to support its continued growth.”
Domenic Serafino, chief executive officer of Venus Concept stated, “We are very pleased to be partnering with Oxford, who understands the value and opportunity in providing physicians with a comprehensive business model and leading edge technology to support the expansion of their aesthetic practices.”
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About Venus Concept
Venus Concept is leading the medical aesthetics industry with its customer centric approach to developing, distributing and servicing technology devices for use in skin tightening, body contouring and skin rejuvenation for the face, neck and body. Led by a team of experienced executives and researchers. Venus Concept is world renowned for their achievements in the industry, delivering the promise of a more effective, pleasant and profitable experience. Headquartered in Toronto, Venus Concept has 14 offices worldwide. For more information visit www.venusconcept.com.