Kennedy Lewis Closes Secured Debt Financing For Rapid Micro Biosystems, Inc.

May 22, 2020 | News

May 22, 2020 New York, NY – Kennedy Lewis Investment Management (“Kennedy Lewis”), an opportunistic credit manager, completed a significant commitment to Rapid Micro Biosystems, Inc. (“Rapid Micro”) in the form of a senior secured debt facility as part of the recent $120 million total debt and equity financing.  The proceeds of the financing will enable Rapid Micro to meet growing demand for its Growth Direct automated microbial detection platform and to support new product development for pandemic response.

Rapid Micro, headquartered in Lowell, Massachusetts, is the leading provider of fully automated, high-throughput, rapid microbial detection technology for biopharmaceutical manufacturing. Rapid Micro is currently used by the majority of the top 20 global biopharmaceutical companies globally.

About Kennedy Lewis

Kennedy Lewis is an opportunistic credit manager founded in 2017 by David K. Chene and Darren L. Richman. The Firm pursues event-driven situations in which a catalyst may unlock value and focuses primarily on corporate and structured credit opportunities in North America and Europe.

Related posts

Azimut Alternative Capital Partners strikes its first deal in the US private markets by acquiring an equity interest in Kennedy Lewis

July 29, 2020 – Azimut Group (“Azimut” or the “Group”), one of Europe’s largest independent asset managers, via its US subsidiary Azimut Alternative Capital Partners, LLC (“AACP”), entered into agreements to acquire a non-controlling, minority equity interest in Kennedy Lewis Investment Management LLC and certain affiliated entities (“Kennedy Lewis”), a leading opportunistic private credit investment management firm headquartered in New York City. AACP is part of Azimut which was established in 1989, is headquartered in Milan, Italy and has in excess of $65bn in total AUM. The parent company, Azimut Holding, was listed on the Milan Stock Exchange in 2004…

0 comments
Kennedy Lewis Signs On To United Nations-Supported Principles for Responsible Investment

July 24, 2020 – Kennedy Lewis Investment Management LLC (“Kennedy Lewis”), a leading opportunistic credit manager, has become a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI). The PRI is recognized as the leading global network for investors who are committed to integrating environmental, social and governance (ESG) considerations into their investment practices and ownership policies. Partners Dik Blewitt and Rakesh Wilson serve as Kennedy Lewis’ Co-Heads of ESG.

0 comments
Kennedy Lewis Investment Management Hires Rakesh Wilson as a Partner

July 14, 2020 – New York, NY – Kennedy Lewis Investment Management LLC (“Kennedy Lewis”), a leading opportunistic credit manager, has hired Rakesh Wilson as a Partner and Head of Natural Resources, Infrastructure and Special Situations. Mr. Wilson joins Kennedy Lewis from Apollo Global Management where he was a Senior Partner. While at Apollo, Mr. Wilson led many equity and debt investments in natural resources and infrastructure. Prior to joining Apollo in 2009, Mr. Wilson was with Morgan Stanley’s Commodities Division in the principal investing group. Mr. Wilson began his career at Goldman Sachs in equity research and then moved…

0 comments