EndoSphere Inc. Announces Pivotal Financing led by Broadline Capital

Columbus, OH (PRWEB) June 07, 2011

EndoSphere Inc., a medical technology company developing a platform of endoscopically implantable devices for the treatment of metabolic diseases, including obesity and type 2 diabetes, announced today the completion of a highly oversubscribed Series A Preferred Financing round led by Broadline Capital, a global private equity investment firm. EndoSphere Inc., which holds 23 U.S. and international issued and pending patents, will use the funding to expand its intellectual property assets and to complete additional clinical product testing.

EndoSphere is extremely fortunate to align itself with Broadline Capital, which offers a rare blend of global financial expertise and pragmatic operating experience, said James McKinley, EndoSphere CEO.

Broadline Capital was formed in 2005 by Christopher Thorne, an early pioneer in Chinas private equity industry and former management consultant at McKinsey & Company. Thorne previously founded and developed a software technology company that created efficiency gains for manufacturers, distributors and retailers in the trillion-dollar food and beverage, consumer packaged goods and retail supply chains. The resulting company sold to institutional investors at a nine-figure enterprise valuation in 2007.

An investment in EndoSphere presented us with a unique opportunity to invest in, and support, an exciting portfolio of intellectual property assets and a highly experienced management team, said Thorne. EndoSpheres technology brings an innovative approach to treating obesity, which has become one of the largest health problems worldwide.

The company is planning a multi-center clinical trial while continuing its research and development of innovative and profitable applications.

With the support of this financing, EndoSphere is poised to fulfill the potential of the technology and the expectations of the investors, commented McKinley.

Broadline Capitals co-investing partners in EndoSpheres Series A Preferred Financing include investment firm Glengary LLC, Physician Investment Group LLC, and several of the nations largest angel investment funds including Ohio TechAngel Funds II and III, North Coast Angel Fund II, and QCA First Fund III.

About EndoSphere Inc.

EndoSphere Inc. is a medical technology company that develops and commercializes devices including the SatiSphere duodenal insert, which treats one of the most critical healthcare issues in the world today: obesity and its co-morbidities. EndoSphere is a Delaware corporation founded in 2006 in Redwood City, California and is now headquartered in Columbus, Ohio.

About Broadline Capital

Broadline Capital is a global private equity investment firm with offices in the U.S. and China. The firm was founded in 2005 by Christopher Thorne to provide capital, expertise and management support to promising companies within highly charged markets. Leading some of the most creative deals in its market categories, Broadline Capital received the private equity industrys Deal of the Year award in Asia, named by Private Equity International for a 2007 China investment. For more information about Broadline Capital, please visit http://www.BroadlineCapital.com.

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KBR Capital Partners Announces Strategic Joint Venture With Paladin Realty

Palo Alto, CA (PRWEB) June 07, 2011

Palo Alto and New York based KBR Capital Partners, an innovative alternative investments company, has announced further advancement of its progressive multi-manager strategy, designed to deliver a diversified and distinctive array of investment opportunities to individual and institutional investors. KBR and Los Angeles-based Paladin Realty Partners, LLC have formed Paladin-KBR, LLC, a joint venture designed to expand the distribution of Paladins REIT, Paladin Realty Income Properties, Inc., and create future public and private programs for the individual investor that employ Paladin Realtys unique investment strategies.

Paladin REIT is a publicly registered, non-traded real estate investment trust (REIT) that employs a diversified joint venture priority income strategy. The REIT currently owns and manages twelve assets, including ten multifamily properties and two office complexes, valued at more than $ 160 million. KBR and Paladin Realty will work together to expand and enhance the distribution of Paladin REIT, while at the same time developing new programs under the Paladin-KBR brand.

"Paladin Realty is a top-tier real estate firm with an exceptional track record and reputation. KBR is honored to partner with a company of the caliber of Paladin Realty, and we believe that Paladin-KBR will become a leading provider of real estate investment programs for the individual investor," said Vinay Kumar, Managing Partner of KBR Capital Partners.

"KBR and its tenured and highly-regarded team bring to Paladin REIT exceptional distribution capabilities and expertise," added James Worms, Chairman of Paladin Realty Partners. "We are confident that our joint venture with KBR will allow Paladin REIT and future programs to maximize market penetration and successfully brand Paladin-KBR as an industry leader in the retail market."

The investment real estate market and alternative investments in general have become saturated with redundant offerings, archaic structures and obsolete distribution models, said Daniel Oschin, Managing Director of KBR Capital Partners. "KBR believes Paladin REITs unique joint venture priority income strategy, combined with KBRs innovative and dynamic distribution platform, will fulfill Paladin-KBRs mission of bringing institutional real estate investments to individual investors."

About KBR Capital Partners

KBR Capital Partners is an institutional alternative investments firm that employs a multi-manager strategy to deliver a diversified and distinctive array of investment opportunities to individual and institutional investors. KBRs principals have a history and track record of investing in a wide range of asset types and industries, and managing both institutional and private equity investments during various market conditions.

About Paladin Realty Partners, LLC

Paladin Realty Partners, LLC is private real estate investment firm that sponsors real estate investment funds on behalf of institutional investors and high net worth individuals, as well as the Paladin REIT. Founded in 1995 in partnership with former U.S. Treasury Secretary, William E. Simon, the firm is now wholly-owned by its active management team. Since its establishment, Paladin Realty's private investment funds have acquired or developed hundreds of properties, comprising a variety of product types located throughout the United States and Latin America, with a total estimated capitalization of over $ 6 billion.

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